Consumer Econ Project

Steps of Project 1. Budget-1 2. Spending Spree-Move in items 3. Food items per week and general recipes 4. Short essay explaining what if anything was learned or changed during the unit.

1 st Budget Monthly income % (please note career) Costs – Rent – College Loans (Over 10 or 30 interest) – Car Payment (Over 5 interest) Car Insurance Gas and maintenance – Gas-heat – Electric (one of these will be high) – Internet – Cable – Cell Phone (Can be bundled) – Groceries-Expendables – Entertainment – Savings-retirement There is no penalty for going into the negative. This is what credit is for. I also expect that this is how some of you will learn from this project.

Spending Spree-Move in items What you bought, where you purchased it, Price – $ Graduation Gift – Based on “move in” items – Anything over $200 should be listed under extra expendables

Food List of items per week General recipes Amount- where purchased

Budget 2 Must have a line for debt repayment if you went into the negative on budget 1 Can have any changes made based on “mistakes made in budget 1 – Can not include job, or college loans – Can includchanging vehicles, cell plans, etc

Reflection Essay Short essay explaining what if anything was learned or changed during the unit.

Getting a Job Present Jobs Future professional Job

Finding an Apartment What to consider Signing a lease

Buying a Car What to consider Financing Basic maintenance

Basic purchases Groceries and disposables Pharmaceuticals

Credit What it is, what it costs, and how it is accumulated Reading a credit card statement Credit Reports Solving credit problems

Checking Account Writing a check Online payments ATM-Debit Cards

Saving and Investing Types of Accounts Determining Risk How to invest

Getting Insurance Kinds of insurance

Budget Expenses Income Spending Plan

Identity Theft How to protect self Financing an education Cost of school Types of aid

Contracts Reading the fine print

Paying Taxes How are taxes determined Important forms