Warm Up Warm Up 1750/2 1750/2 3450/4 3450/4 250 + 750 + 125 + 250 250 + 750 + 125 + 250 175/450 175/450
Warm Up 1750/2 1750/2 3450/4 3450/4 250 + 750 + 125 + 250 250 + 750 + 125 + 250 175/450 175/450.
Dec 26, 2015
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
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)
HOMEWORKHOMEWORK
WORKSHEETWORKSHEET
Related Documents
