| Name: __________________________ |
Subject: Personal Budgeting |
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| Teacher Name: ___________________ |
Date: ___________________ |
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Personal Budgeting
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| Introduction: |
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Personal budgeting and finance involves the terms we have been studying in class- net and gross income, savings, debt, credit, and mortgage.
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| Task: |
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Today, you will be put with a partner (ie spouse) or will work alone. Then you will discover the occupation that best fits your personal strengths and interests. From here you will create a monthly budget. Be careful not to overspend and go into debt!
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| Process: |
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Step 1: using the 1st resource listed, take the skills quiz and find your job's income per month.
Step 2: Using the realty website, find a home that best suits your family and your budget.
Step 3: Using the bankrate site, find your monthly mortgage payment.
Step 4: Using autotrader, find the car or cars that best fits your family's lifestyle and budget.
Step 5: Using the site provided (Edmonds), determine your monthly car payment.
Step 6: Using the handout provided, locate your utility and insurance costs dependent on your house size, number in your family, and type of automobile you drive.
Step 7: Put it all together! Using the personal budget site, lists all of the bills provided. If you and your family, decide not to use a service (like housecleaning), put $0.
Step 8- 2nd period only. Determine what percentage of your income goes to your car payment and mortgage.
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| Resources: |
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Resource #1-http://www.gcic.peachnet.edu/gcisweb/onet_ip/onet_ip_intro.aspx
Resource 2-
http://www.kinardrealty.com/index.php?page=search
Resource 3- http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx
Resource 4-http://www.autotrader.com
Resource 5- http://www.edmunds.com/apps/calc/CalculatorController?mktcat=carcalculator&kw=car+payment+calculator&mktid=ga9911315
Resource 6- http://www.vertex42.com/Files/personal-budget-spreadsheet.xls
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| Evaluation: |
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Your project grade will be based on the accuracy of your calculations found on your budget sheet. Be sure to save this daily!
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| Conclusion: |
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After turning in your budgeting sheet, write a one to two page journal in your composition notebook which addresses the following questions:
What would you do or spend differently for the next month? What education is required in order to have your chosen job in the future? What was the easiest part of this assignment? What was the most difficult?
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This Web Quest is available at www.teach-nology.com |
