Budget Project Expenses House/Rent 28% Utilities 5% Food 18% Car Payment 12% Taxes 16% Savings 5% Entertainment 5% Other 11%
Student Choice – 100 points possible Married (Add $40,000 to your yearly budget) - with 2 children (add $350 monthly expense for preschool) - Child 2 is in school - Add 6% to food budget (can come out of lines 6,7, or 8) - Add 8% to car payment for 2 nd car (can come out of lines 6,7,or 8) Student Choice – 90 points possible Single - with 1 child in school - Add 3% to food budget (can come out of lines 6,7, or 8)
Student Choice – 80 points possible Married (Add $30,000 to budget) - no kids - Add 10% for 2 nd car ( can come from lines 6,7,or 8) Student Choice – 70 points possible Single - no kids
Project Outline Students will calculate a dollar amount that they have to spend each month on the individual expenses they were given. These numbers were given in a percentage form so they must convert that to a decimal and multiply to find that percent of their monthly income. If they chose option 1 for 100 possible points, they need to take off the $350 for child care expense before calculating the other amounts since this was given as a dollar amount and not a percentage. Students will then create a full size poster that shows what career they picked, their monthly and yearly income, any family demographics (married, kids, single, etc.), and the dollar amount of money they have to spend each month on each expense given. Students may include pictures, graphics, graphs, or any other visual to make their posters appealing. The posters should be turned in to me no later than October 30.