Warm Up 1750/2 1750/2 3450/4 3450/4 250 + 750 + 125 + 250 250 + 750 + 125 + 250 175/450 175/450.

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Presentation transcript:

Warm Up 1750/2 1750/2 3450/4 3450/ / /450

Consumer Finance Chapter 9: Budgeting Your Money Lesson 1: Finding Average Income

VOCAB Budget is a plan to manage income and expenses Budget is a plan to manage income and expenses

DIRECTIONS (Average Income) Multiply Multiply Net pay x pay period Net pay x pay period Divide Divide Answer / 12 Answer / 12

Review Weekly – 52 Weekly – 52 Bi weekly – 26 Bi weekly – 26 Semi monthly – 24 Semi monthly – 24 Monthly – 12 Monthly – 12 Bi monthly – 6 Bi monthly – 6 Quarterly – 4 Quarterly – 4 Semi annually – 2 Semi annually – 2 Annually - 1 Annually - 1

I DO (Average Income) Find the average monthly income Find the average monthly income Pay PeriodNet Pay 1. Biweekly$ Weekly$ Semimonthly$

WE DO (Average Income) Find the average monthly income Find the average monthly income Pay PeriodNet Pay 1. Biweekly$ Weekly$ Quarterly$13450

YOU DO (Average Income) Find the average monthly income Find the average monthly income Pay PeriodNet Pay 1. Biweekly$ Weekly$ Semiannually$

DIRECTIONS (Average Income) Add Add Add all numbers Add all numbers Divide Divide Answer / how many numbers Answer / how many numbers Multiply Multiply Answer x 52 Answer x 52 Divide Divide Answer / 12 Answer / 12

I DO (Average Income) Find the average monthly income Find the average monthly income Weekly Net Pays 1. $356.10$159.25$267.84$ $212.88

WE DO (Average Income) Find the average monthly income Find the average monthly income Weekly Net Pays 1. $105.16$ $97.59$ $126.48$95.70

YOU DO (Average Income) Find the average monthly income Find the average monthly income Weekly Net Pays 1. $88.88$102.15$90.76$ $129.87$135.18

REVIEW Today we learned how to determine the average income Today we learned how to determine the average income

HOMEWORK WORKSHEET WORKSHEET

Warm Up 1750 x x x x x x x x.15

Consumer Finance Chapter 9: Budgeting Your Money Lesson 2: Preparing a Budget

VOCAB Expenses is the money spent Expenses is the money spent Budget Guidelines is an outline of budget policies Budget Guidelines is an outline of budget policies Circle Graph is a circular chart divided into sections to show relative sizes Circle Graph is a circular chart divided into sections to show relative sizes

DIRECTIONS (Budgets) Convert % to decimal Convert % to decimal Multiply Multiply Decimal x Total Budget Decimal x Total Budget

Circle Graph

I DO (Budget) Find the amount of each section for each monthly income Find the amount of each section for each monthly income 1. $ $992.80

WE DO (Budget) Find the amount of each section for each monthly income Find the amount of each section for each monthly income 1. $ $696.45

YOU DO (Budget) Find the amount of each section for each monthly income Find the amount of each section for each monthly income 1. $ $

REVIEW Today we learned how to determine the amount of money allowed to spend each month when given a budget Today we learned how to determine the amount of money allowed to spend each month when given a budget

HOMEWORK WORKSHEET WORKSHEET THURSDAY is MAKEUPS THURSDAY is MAKEUPS Don’t be absent Don’t be absent Grades lock Friday Grades lock Friday

Warm Up 500/ / as a percent.25 as a percent 3145/ / as a percent.07 as a percent

Consumer Finance Chapter 9: Budgeting Your Money Lesson 3: Adjusting a Budget

DIRECTIONS (Adjusting Budgets) Divide Divide Expenses/income Expenses/income Change to a percent Change to a percent

I DO (Adjusting Budget) Find the percent for each individual category when given a net income. Find the percent for each individual category when given a net income. NET INCOME = $ NET INCOME = $ Housing$ Food$ Clothes$ Transportation$ Insurance$ Entertainment$ Savings$ Health$

WE DO (Adjusting Budget) Find the percent for each individual category when given a net income. Find the percent for each individual category when given a net income. NET INCOME = $ NET INCOME = $ Housing$ Food$ Clothes$ Transportation$ Insurance$ Entertainment$ Savings$ Health$947.80

YOU DO (Adjusting Budget) Find the percent for each individual category when given a net income. Find the percent for each individual category when given a net income. NET INCOME = $ NET INCOME = $ Housing$ Food$ Clothes$ Transportation$ Insurance$ Entertainment$ Savings$ Health$4261

REVIEW Today we learned how to adjust a budget Today we learned how to adjust a budget

HOMEWORK WORKSHEET WORKSHEET THURSDAY is MAKEUPS THURSDAY is MAKEUPS Don’t be absent Don’t be absent Grades lock Friday Grades lock Friday

MAKEUP DAY Step 1 Step 1 Write make up day on warm up sheet Write make up day on warm up sheet Step 2 Step 2 Start working on your assignments Start working on your assignments Step 3 Step 3 Listen for your name Listen for your name This is for make up Quizzes This is for make up Quizzes Step 4 Step 4 Turn in all make up work by FRIDAY Turn in all make up work by FRIDAY BTW I WAS NICE AND DROPPED UR LOWEST QUIZ BTW I WAS NICE AND DROPPED UR LOWEST QUIZ

Warm Up.35 x x x x x x x x 360

Consumer Finance Chapter 9: Budgeting Your Money Lesson 4: Using Circle Graphs

VOCAB Sector is a wedge-shaped section of a circle graph Sector is a wedge-shaped section of a circle graph

DIRECTIONS (Finding Degrees) Divide Divide Expenses/income Expenses/income Multiply Multiply Answer x 360 Answer x 360 Bc a full circle is 360 degrees Bc a full circle is 360 degrees

I DO (Finding Degrees) Find the degrees of a circle graph for each individual category when given a net income. Find the degrees of a circle graph for each individual category when given a net income. NET INCOME = $ NET INCOME = $ Housing$ Food$ Clothes$ Transportation$ Insurance$ Entertainment$ Savings$ Health$

WE DO (Finding Degrees) Find the degrees of a circle graph for each individual category when given a net income. Find the degrees of a circle graph for each individual category when given a net income. NET INCOME = $ NET INCOME = $ Housing$ Food$ Clothes$ Transportation$ Insurance$ Entertainment$ Savings$ Health$947.80

YOU DO (Finding Degrees) Find the degrees of a circle graph for each individual category when given a net income. Find the degrees of a circle graph for each individual category when given a net income. NET INCOME = $ NET INCOME = $ Housing$ Food$ Clothes$ Transportation$ Insurance$ Entertainment$ Savings$ Health$4261

REVIEW Today we learned how to calculate the degrees of a circle graph that a portion of your budget will take up. Today we learned how to calculate the degrees of a circle graph that a portion of your budget will take up.

HOMEWORK WORKSHEET WORKSHEET

Warm Up.35 x x x x x x x x 360

Consumer Finance Chapter 9: Budgeting Your Money Lesson 5: Balancing a Budget

VOCAB Balancing a Budget is determining whether there is enough money or will you be in debt Balancing a Budget is determining whether there is enough money or will you be in debt

DIRECTIONS (Balancing a Budget) Divide Divide Expenses/income Expenses/income Multiply Multiply Answer x 360 Answer x 360 Bc a full circle is 360 degrees Bc a full circle is 360 degrees

I DO (Balancing a Budget) Find the degrees of a circle graph for each individual category when given a net income. Find the degrees of a circle graph for each individual category when given a net income. NET INCOME = $ NET INCOME = $ Housing$ Food$ Clothes$ Transportation$ Insurance$ Entertainment$ Savings$ Health$

WE DO (Balancing a Budget) Find the degrees of a circle graph for each individual category when given a net income. Find the degrees of a circle graph for each individual category when given a net income. NET INCOME = $ NET INCOME = $ Housing$ Food$ Clothes$ Transportation$ Insurance$ Entertainment$ Savings$ Health$947.80

YOU DO (Balancing a Budget) Find the degrees of a circle graph for each individual category when given a net income. Find the degrees of a circle graph for each individual category when given a net income. NET INCOME = $ NET INCOME = $ Housing$ Food$ Clothes$ Transportation$ Insurance$ Entertainment$ Savings$ Health$4261

REVIEW Today we learned how to calculate our budget, whether it be with remaining money or in debt. Today we learned how to calculate our budget, whether it be with remaining money or in debt.

HOMEWORK WORKSHEET WORKSHEET

Warm Up – – – – 89.98

Consumer Finance Chapter 9: Budgeting Your Money Lesson 5: Balancing a Budget

VOCAB Balancing a Budget is determining whether there is money remaining or a debt Balancing a Budget is determining whether there is money remaining or a debt

DIRECTIONS ( Balancing a Budget ) Add Add Funds Available + Income Funds Available + Income Subtract Subtract Answer - Expenses Answer - Expenses

I DO (Balancing a Budget) Find the Monthly Ending Balance and determine is it a debt? Find the Monthly Ending Balance and determine is it a debt? MonthFunds AvailableIncomeExpenses 1. April$25.00$2000$1350 May_____$1250$3450 June_____$2750$350

WE DO (Balancing a Budget) Find the Monthly Ending Balance and determine is it a debt? Find the Monthly Ending Balance and determine is it a debt? MonthFunds AvailableIncomeExpenses 1. Jan$ $ $ Feb_____$ $ March_____$ $

YOU DO (Balancing a Budget) Find the Monthly Ending Balance and determine is it a debt? Find the Monthly Ending Balance and determine is it a debt? MonthFunds AvailableIncomeExpenses 1. Oct$256.32$745.56$ Nov_____$ $ Dec_____$489.32$561.35

REVIEW Today we learned how to calculate a monthly budget. Today we learned how to calculate a monthly budget. However, you need to keep in mind that a bank doesn’t work on a monthly scale (once you are in debt, most banks charge you per day) However, you need to keep in mind that a bank doesn’t work on a monthly scale (once you are in debt, most banks charge you per day)

HOMEWORK WORKSHEET WORKSHEET