Managing a Household

Overview of the Unit:

In this unit students will learn how to utilize renters and bankers rules to plan for rent and mortgage expenses and to compute the cost of rent for a year.

Essential Question:

How will knowing your monthly expenses help you to budget for a house or apartment?

Student Outcomes

• I can compute cost of rent for a year
• I can compute expenses related to mortgage and homeowners insurance
• I can apply the renter's rule and the banker's rule to plan for rent/mortgage

Standards (ACT Mathematics Readiness Standards):

• N 201. Perform one-operation computation with whole numbers and decimals
• N 302. Identify a digit’s place value
• AF 201. Solve problems in one or two steps using whole numbers and using decimals in the context of money
• S 303. Read basic tables and charts