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Standard
Standard
SS6E13 Understand that a basic principle of effective personal money management is to live within one’s income.
a. Understand that income is received from work and is limited.
b. Understand that a budget is a tool to plan the spending and saving of income.
c. Understand the reasons and benefits of saving.
d. Understand the uses and costs of credit.
Learning Targets
Learning Targets
I can define the key terms that contribute to one’s income such as income, budget, credit, investing, money, spending, saving.
I can create a responsible monthly budget living within a given income.
I can explain how income is produced and limited by one’s occupation.
Background Reading
Background Reading
In your notebook number your paper 1 - 5
In your notebook number your paper 1 - 5
Use the five words listed and match them to the number with the corresponding picture in the slide show.
Word Bank: Investing, Occupation, Spending, Budget, Credit
How well do you know the Vocabulary for Personal finanace ?
How well do you know the Vocabulary for Personal finanace ?
1. Budget Notes
1. Budget Notes
Since you have read the overview about what a budget is, now we will look at a rule that guides the budget.
50/30/20 Rule of Budgeting Notes
Budget notes.pdf2. Your OCcupation
2. Your OCcupation
Remember you did a lesson with Mr. Jordan and Mrs. Bundrige a few weeks ago. You will be given an occupation card that you will be using for the remainder of this unit. DO NOT LOOSE THIS CARD! Once you get your occupation sit tight and we will start on our first budget soon.
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