Kami Export - KAYLIN JONES Student - Student Budget - Cassie.pdf

FOUNDATIONS in PERSONAL FINANCE
CHAPTER 7
ACTIVITY
OBJECTIVE
The purpose of this
activity is for students
to modify and construct
a budget based on a
simplified case study.
Teacher Directions
Hand out the student activity sheet and student budget forms. Students need to
read each scenario and create a zero based budget for each one. Remind students
to compute net pay (approximately 80% of gross pay).
Students can work alone or in groups.
Budgets will vary but must include giving and saving as funded categories.
Students need to get in the habit of putting something away in these categories,
even if it isn’t the full 10-15%.
Make sure that the car upkeep and repair categories are funded appropriately.
Cassie needs to save $125 each month for her Mexico trip in addition to
regular saving.
Students tend to spend a lot of money on clothes and entertainment, so make
sure those categories are appropriately funded.
Remember, the point is to spend every dollar on paper before the month begins.