Create a Budget Part 1

Introduction

Text Box: Objective/ Target: I can add, subtract and multiply decimalsName______________________

Project: Create a personal budget (PART 1)

 

  1. Look over the vocabulary words on pages 1-3 to get started. If there are words you still don’t understand, use the computer or IPADS to look up further.

 

  1. Watch Bank of America video: How to set up a personal budget https://www.youtube.com/results?search_query=bank+of+america+how+to+set+up+a+budget

 

  1. Real life skills: How to read a pay stub video http://www.loyola.edu/department/financial-services/payroll/pay-stub/how-read

 

  1. Meet with someone and discuss questions below

What is a budget?

What’s the difference between a need and a want

What bills or other costs will you have to put into your budget

How might your budget change each month

 

  1. Look at the circle graph on page 4. It shows the recommended percentages you should use for your budget. The percentages shown are the maximum you should use. Talk with someone about the questions on page 4.

 

Keep all of your papers in your math folder to use for Part 2