Journal 46Journal 46 1 2 1 2

3 3 Not Helpful Somewhat Helpful Very Not Helpful Somewhat Helpful Very

HelpfulHelpful Using the scale above, please rate the Using the scale above, please rate the

following items as to how well you felt they following items as to how well you felt they prepared you for the EoCTprepared you for the EoCT

Performance TasksPerformance Tasks Test CorrectionsTest Corrections Current EventsCurrent Events

Class Notes/LecturesClass Notes/Lectures Hands-on ActivitiesHands-on Activities

Budget ProjectBudget ProjectYou and your partner are SHARING a You and your partner are SHARING a bank account!bank account!You will account for your expenses for You will account for your expenses for the entire yearthe entire yearRequirements: Requirements:

a completed chart a completed chart an essay explaining the chart an essay explaining the chart a visual a visual a presentation of expensesa presentation of expenses

Budget ProjectBudget ProjectGoal: To be as Goal: To be as realisticrealistic as possible as possible given your income level and to given your income level and to experience budgeting given real life experience budgeting given real life situationssituationsPart of your grade is based on your Part of your grade is based on your effort and how well you maintain effort and how well you maintain realismrealism

Ask teachers, parents, friends about Ask teachers, parents, friends about expenses!expenses!

BEING REALISTIC IS KEY!!!!BEING REALISTIC IS KEY!!!!

Budget ProjectBudget ProjectTimeline:Timeline:

Friday: Introduce task, begin discussing Friday: Introduce task, begin discussing expensesexpensesMonday: Decide on living arrangements, Monday: Decide on living arrangements, begin discussing cars, begin completing begin discussing cars, begin completing chartchartTue/Wed: Continue working on chart, Tue/Wed: Continue working on chart, adjust expenses, double check realistic adjust expenses, double check realistic numbers, begin Powerpointnumbers, begin PowerpointThurs: Finalize expenses, finalize Thurs: Finalize expenses, finalize PowerPoint, work on essayPowerPoint, work on essayFriday/Monday: PresentationsFriday/Monday: Presentations

DUE DATE: FRIDAY 12/14!!!!!DUE DATE: FRIDAY 12/14!!!!!

Your job is:Your job is:

Once you receive your occupation, Once you receive your occupation, write that and the salary (pre-tax write that and the salary (pre-tax income) at the top of the chart.income) at the top of the chart.

To take out taxes/benefits, multiply To take out taxes/benefits, multiply your pre-tax income by .7. This your pre-tax income by .7. This symbolizes the 70% of your income symbolizes the 70% of your income you actually take home. THIS number you actually take home. THIS number is what you will use to budget.is what you will use to budget.

TodayToday

Discuss with your partner basic Discuss with your partner basic lifestyle choices.lifestyle choices. Make a grocery listMake a grocery list Discuss things like cell phones, Discuss things like cell phones,

activities you like to do, travel plansactivities you like to do, travel plans

REMEMBER: You ARE NOT high REMEMBER: You ARE NOT high school students in this school students in this simulation!!!!!simulation!!!!!

Month

Disposable

IncomeMonthly income plus any unexpected extra

Residence

Trans:Car

Payment/Gas and Ins.

Utility Bills

Water/ Power/Se

wage

Cell Phone

Food:Grocery

and eating

out

Retail Spend

ingClothi

ng/ house items/ suppli

es

Entertainme

nt (Movi

es, CD’s, Conce

rts, ETC)

Cable/Intern

et

OTHERGym, club, vacationUNEXPexpenses

TOTAL Spent

For the Month

(Add Residence through Other)

*If more than income,

subtract from savings

TOTALSaved

Income – Total Spent*Keep a running total

*DO NOT add savings to income

*To use savings from previous month, you may

overspend

JAN Month Total

FEB Month Total

MAR Month Total

APR Month Total

4400 850 60 150 300600450400 1320150120 3080 1320

4400 850 400 60 150 700 900 120 150 1500 4830 -430 890