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

Warm UpWarm Up

1750/21750/2 3450/43450/4 250 + 750 + 125 + 250250 + 750 + 125 + 250 175/450175/450

Consumer Consumer FinanceFinance

Chapter 9: Budgeting Your MoneyChapter 9: Budgeting Your Money

Lesson 1: Finding Average Lesson 1: Finding Average IncomeIncome

VOCABVOCAB

BudgetBudget is a plan to manage income is a plan to manage income and expenses and expenses

DIRECTIONS (Average DIRECTIONS (Average Income)Income)

MultiplyMultiply Net pay x pay periodNet pay x pay period

Divide Divide Answer / 12Answer / 12

ReviewReview

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

I DO (Average Income)I DO (Average Income) Find the average monthly incomeFind the average monthly income

Pay PeriodPay Period Net PayNet Pay1.1.BiweeklyBiweekly $1425$14252.2.WeeklyWeekly $570.21$570.213.3.SemimonthlySemimonthly$1300.47$1300.47

WE DO (Average Income)WE DO (Average Income) Find the average monthly incomeFind the average monthly income

Pay PeriodPay Period Net PayNet Pay1.1.BiweeklyBiweekly $135.96$135.962.2.WeeklyWeekly $128.75$128.753.3.QuarterlyQuarterly $13450$13450

YOU DO (Average YOU DO (Average Income)Income)

Find the average monthly incomeFind the average monthly incomePay PeriodPay Period Net PayNet Pay1.1.BiweeklyBiweekly $287.16$287.162.2.WeeklyWeekly $159.32$159.323.3.SemiannuallySemiannually $31250.50$31250.50

DIRECTIONS (Average DIRECTIONS (Average Income)Income)

AddAdd Add all numbersAdd all numbers

DivideDivide Answer / how many numbersAnswer / how many numbers

MultiplyMultiply Answer x 52Answer x 52

DivideDivide Answer / 12Answer / 12

I DO (Average Income)I DO (Average Income) Find the average monthly incomeFind the average monthly income

Weekly Net PaysWeekly Net Pays1.1.$356.10$356.10 $159.25$159.25 $267.84$267.84 $192.90$192.90

$212.88$212.88

WE DO (Average Income)WE DO (Average Income) Find the average monthly incomeFind the average monthly income

Weekly Net PaysWeekly Net Pays1.1.$105.16$105.16 $174.2587$174.2587 $97.59$97.59 $110.03$110.03

$126.48$126.48 $95.70$95.70

YOU DO (Average YOU DO (Average Income)Income)

Find the average monthly incomeFind the average monthly incomeWeekly Net PaysWeekly Net Pays1.1.$88.88$88.88 $102.15$102.15 $90.76$90.76 $101.18$101.18

$129.87$129.87 $135.18$135.18

REVIEWREVIEW

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

HOMEWORKHOMEWORK WORKSHEETWORKSHEET

Warm UpWarm Up

1750 x .21750 x .2 3450 x .43450 x .4 250 x .05250 x .05 175 x .15175 x .15

Consumer Consumer FinanceFinance

Chapter 9: Budgeting Your MoneyChapter 9: Budgeting Your Money

Lesson 2: Preparing a BudgetLesson 2: Preparing a Budget

VOCABVOCAB

ExpensesExpenses is the money spent is the money spent Budget GuidelinesBudget Guidelines is an outline of is an outline of

budget policiesbudget policies Circle GraphCircle Graph is a circular chart is a circular chart

divided into sections to show relative divided into sections to show relative sizessizes

DIRECTIONS (Budgets)DIRECTIONS (Budgets)

Convert % to decimalConvert % to decimal MultiplyMultiply

Decimal x Total BudgetDecimal x Total Budget

Circle GraphCircle Graph

I DO (Budget)I DO (Budget) Find the amount of each section Find the amount of each section

for each monthly incomefor each monthly income1.1. $810.15$810.152.2. $992.80$992.80

WE DO (Budget)WE DO (Budget) Find the amount of each section Find the amount of each section

for each monthly incomefor each monthly income1.1. $1128.03$1128.032.2. $696.45$696.45

YOU DO (Budget)YOU DO (Budget) Find the amount of each section Find the amount of each section

for each monthly incomefor each monthly income1.1. $713.28$713.282.2. $1037.69$1037.69

REVIEWREVIEW

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

HOMEWORKHOMEWORK WORKSHEETWORKSHEET

THURSDAY is MAKEUPSTHURSDAY is MAKEUPS Don’t be absentDon’t be absent

Grades lock FridayGrades lock Friday

Warm UpWarm Up

500/11250500/11250 .25 as a percent.25 as a percent 3145/452653145/45265 .07 as a percent.07 as a percent

Consumer Consumer FinanceFinance

Chapter 9: Budgeting Your MoneyChapter 9: Budgeting Your Money

Lesson 3: Adjusting a BudgetLesson 3: Adjusting a Budget

DIRECTIONS (Adjusting DIRECTIONS (Adjusting Budgets)Budgets)

DivideDivide Expenses/incomeExpenses/income

Change to a percentChange to a percent

I DO (Adjusting Budget)I DO (Adjusting Budget) Find the percent for each individual Find the percent for each individual

category when given a net income.category when given a net income. NET INCOME = $17307.20NET INCOME = $17307.20

1.1. HousingHousing $5538.30$5538.302.2. FoodFood $4153.73$4153.733.3. ClothesClothes $1730.72$1730.724.4. TransportationTransportation $2596.08$2596.085.5. InsuranceInsurance $865.36$865.366.6. EntertainmentEntertainment $692.29$692.297.7. SavingsSavings $692.29$692.298.8. HealthHealth $1038.43$1038.43

WE DO (Adjusting WE DO (Adjusting Budget)Budget)

Find the percent for each individual Find the percent for each individual category when given a net income.category when given a net income.

NET INCOME = $23695.06NET INCOME = $23695.06 HousingHousing $7108.52$7108.52 FoodFood $4975.96$4975.96 ClothesClothes $3080.36$3080.36 TransportationTransportation $3317.31$3317.31 InsuranceInsurance $1421.70$1421.70 EntertainmentEntertainment $1184.75$1184.75 SavingsSavings $1658.65$1658.65 HealthHealth $947.80$947.80

YOU DO (Adjusting YOU DO (Adjusting Budget)Budget)

Find the percent for each individual Find the percent for each individual category when given a net income.category when given a net income.

NET INCOME = $56350.25NET INCOME = $56350.25 HousingHousing $12000.00$12000.00 FoodFood $5275.35$5275.35 ClothesClothes $3750.95$3750.95 TransportationTransportation $8356.35$8356.35 InsuranceInsurance $4350.50$4350.50 EntertainmentEntertainment $10356.10$10356.10 SavingsSavings $8000$8000 HealthHealth $4261$4261

REVIEWREVIEW

Today we learned how to adjust a Today we learned how to adjust a budgetbudget

HOMEWORKHOMEWORK

WORKSHEETWORKSHEET THURSDAY is MAKEUPSTHURSDAY is MAKEUPS

Don’t be absentDon’t be absent Grades lock FridayGrades lock Friday

MAKEUP DAYMAKEUP DAY Step 1Step 1 Write make up day on warm up sheetWrite make up day on warm up sheet

Step 2Step 2 Start working on your assignmentsStart working on your assignments

Step 3Step 3 Listen for your name Listen for your name This is for make up QuizzesThis is for make up Quizzes

Step 4Step 4 Turn in all make up work by FRIDAYTurn in all make up work by FRIDAY

BTW I WAS NICE AND DROPPED UR LOWEST QUIZBTW I WAS NICE AND DROPPED UR LOWEST QUIZ

Warm UpWarm Up

.35 x 360.35 x 360 .45 x 360.45 x 360 .37 x 360.37 x 360 .19 x 360.19 x 360

Consumer Consumer FinanceFinance

Chapter 9: Budgeting Your MoneyChapter 9: Budgeting Your Money

Lesson 4: Using Circle GraphsLesson 4: Using Circle Graphs

VOCABVOCAB

SectorSector is a wedge-shaped section of is a wedge-shaped section of a circle grapha circle graph

DIRECTIONS (Finding DIRECTIONS (Finding Degrees)Degrees)

DivideDivide Expenses/incomeExpenses/income

MultiplyMultiply Answer x 360 Answer x 360

Bc a full circle is 360 degreesBc a full circle is 360 degrees

I DO (Finding Degrees)I DO (Finding Degrees) Find the degrees of a circle graph Find the degrees of a circle graph

for each individual category when for each individual category when given a net income.given a net income.

NET INCOME = $17307.20NET INCOME = $17307.201.1. HousingHousing $5538.30$5538.302.2. FoodFood $4153.73$4153.733.3. ClothesClothes $1730.72$1730.724.4. TransportationTransportation $2596.08$2596.085.5. InsuranceInsurance $865.36$865.366.6. EntertainmentEntertainment $692.29$692.297.7. SavingsSavings $692.29$692.298.8. HealthHealth $1038.43$1038.43

WE DO (Finding WE DO (Finding Degrees)Degrees)

Find the degrees of a circle graph for Find the degrees of a circle graph for each individual category when given a each individual category when given a net income.net income.

NET INCOME = $23695.06NET INCOME = $23695.06 HousingHousing $7108.52$7108.52 FoodFood $4975.96$4975.96 ClothesClothes $3080.36$3080.36 TransportationTransportation $3317.31$3317.31 InsuranceInsurance $1421.70$1421.70 EntertainmentEntertainment $1184.75$1184.75 SavingsSavings $1658.65$1658.65 HealthHealth $947.80$947.80

YOU DO (Finding YOU DO (Finding Degrees)Degrees)

Find the degrees of a circle graph for each Find the degrees of a circle graph for each individual category when given a net individual category when given a net income.income.

NET INCOME = $56350.25NET INCOME = $56350.25 HousingHousing $12000.00$12000.00 FoodFood $5275.35$5275.35 ClothesClothes $3750.95$3750.95 TransportationTransportation $8356.35$8356.35 InsuranceInsurance $4350.50$4350.50 EntertainmentEntertainment $10356.10$10356.10 SavingsSavings $8000$8000 HealthHealth $4261$4261

REVIEWREVIEW

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

HOMEWORKHOMEWORK

WORKSHEETWORKSHEET

Warm UpWarm Up

.35 x 360.35 x 360 .45 x 360.45 x 360 .37 x 360.37 x 360 .19 x 360.19 x 360

Consumer Consumer FinanceFinance

Chapter 9: Budgeting Your MoneyChapter 9: Budgeting Your Money

Lesson 5: Balancing a BudgetLesson 5: Balancing a Budget

VOCABVOCAB

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

DIRECTIONS (Balancing a DIRECTIONS (Balancing a Budget)Budget)

DivideDivide Expenses/incomeExpenses/income

MultiplyMultiply Answer x 360 Answer x 360

Bc a full circle is 360 degreesBc a full circle is 360 degrees

I DO (Balancing a I DO (Balancing a Budget)Budget) Find the degrees of a circle graph Find the degrees of a circle graph

for each individual category when for each individual category when given a net income.given a net income.

NET INCOME = $17307.20NET INCOME = $17307.201.1. HousingHousing $5538.30$5538.302.2. FoodFood $4153.73$4153.733.3. ClothesClothes $1730.72$1730.724.4. TransportationTransportation $2596.08$2596.085.5. InsuranceInsurance $865.36$865.366.6. EntertainmentEntertainment $692.29$692.297.7. SavingsSavings $692.29$692.298.8. HealthHealth $1038.43$1038.43

WE DO (Balancing a WE DO (Balancing a Budget)Budget)

Find the degrees of a circle graph for Find the degrees of a circle graph for each individual category when given a each individual category when given a net income.net income.

NET INCOME = $23695.06NET INCOME = $23695.06 HousingHousing $7108.52$7108.52 FoodFood $4975.96$4975.96 ClothesClothes $3080.36$3080.36 TransportationTransportation $3317.31$3317.31 InsuranceInsurance $1421.70$1421.70 EntertainmentEntertainment $1184.75$1184.75 SavingsSavings $1658.65$1658.65 HealthHealth $947.80$947.80

YOU DO (Balancing a YOU DO (Balancing a Budget)Budget)

Find the degrees of a circle graph for each Find the degrees of a circle graph for each individual category when given a net individual category when given a net income.income.

NET INCOME = $56350.25NET INCOME = $56350.25 HousingHousing $12000.00$12000.00 FoodFood $5275.35$5275.35 ClothesClothes $3750.95$3750.95 TransportationTransportation $8356.35$8356.35 InsuranceInsurance $4350.50$4350.50 EntertainmentEntertainment $10356.10$10356.10 SavingsSavings $8000$8000 HealthHealth $4261$4261

REVIEWREVIEW

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

HOMEWORKHOMEWORK

WORKSHEETWORKSHEET

Warm UpWarm Up

985.65 + 235.12985.65 + 235.12 785.56 – 961.35785.56 – 961.35 7451.56 + 3521.127451.56 + 3521.12 453.6 – 89.98453.6 – 89.98

Consumer Consumer FinanceFinance

Chapter 9: Budgeting Your MoneyChapter 9: Budgeting Your Money

Lesson 5: Balancing a BudgetLesson 5: Balancing a Budget

VOCABVOCAB

Balancing a BudgetBalancing a Budget is determining is determining whether there is money remaining whether there is money remaining or a debtor a debt

DIRECTIONS (DIRECTIONS (Balancing a Balancing a BudgetBudget))

AddAdd Funds Available + IncomeFunds Available + Income

SubtractSubtract Answer - ExpensesAnswer - Expenses

I DO (Balancing a I DO (Balancing a Budget)Budget) Find the Monthly Ending Balance Find the Monthly Ending Balance

and determine is it a debt?and determine is it a debt?MonthMonth Funds AvailableFunds Available IncomeIncomeExpensesExpenses1.1.AprilApril $25.00$25.00 $2000$2000

$1350$1350MayMay __________ $1250$1250 $3450$3450JuneJune __________ $2750$2750 $350$350

WE DO (Balancing a WE DO (Balancing a Budget)Budget)

Find the Monthly Ending Balance Find the Monthly Ending Balance and determine is it a debt?and determine is it a debt?MonthMonth Funds AvailableFunds Available IncomeIncomeExpensesExpenses1.1.JanJan $1325.25$1325.25 $1234.35$1234.35 $1357.45$1357.45FebFeb __________ $2468.25$2468.25 $2310.55$2310.55MarchMarch __________ $4125.15$4125.15$5123.65$5123.65

YOU DO (Balancing a YOU DO (Balancing a Budget)Budget)

Find the Monthly Ending Balance Find the Monthly Ending Balance and determine is it a debt?and determine is it a debt?MonthMonth Funds AvailableFunds Available IncomeIncomeExpensesExpenses1.1.OctOct $256.32$256.32 $745.56$745.56 $821.54$821.54NovNov __________ $1325.75$1325.75 $756.32$756.32DecDec __________ $489.32$489.32 $561.35$561.35

REVIEWREVIEW

Today we learned how to calculate a Today we learned how to calculate a monthly budget.monthly budget.

However, you need to keep in mind However, you need to keep in mind that a bank doesn’t work on a that a bank doesn’t work on a monthly scale (once you are in debt, monthly scale (once you are in debt, most banks charge you per day)most banks charge you per day)

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