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FACS:Family Budget (Family)

Life Skills:

  • Thinking & Reasoning
  • Employability
  • Social & Civic Responsibility

Time Frame:
1 class period that runs 45 minutes.

Group Size:
Individual


 

Summary:
Every family is faced with financial decisions. Planning how to spend your money will provide you with security and a way to save for future purchases.

Main Curriculum Tie:
Career and Technical Education Introduction
Standard 6 Objective 1

Examine attributes and issues related to family life and the skills needed to enhance independent living.

Career Connections:

  • Family Finance

Materials:
Copies of the worksheet for students

Pencils

Calculators

Background For Teachers:
Students should previously have discussed budgeting and have completed the housing and automobile worksheets.

They should determine additional expenses and costs associated with the family.

Everything must balance. Students may not spend more money than they have.

Students should pay themselves first--plan for the future and security.

It is okay and advisable to spend less than they have. This will provide them with more flexibility and choices in other areas.

Have students plan for their needs before they plan for their wants.

Student Prior Knowledge:
Students should have completed the housing and automobile worksheets found in the TLC curriculum.

Intended Learning Outcomes:
Students will practice planning a budget.

Instructional Procedures:
Students will complete the family budget worksheet.

Attachments

Bibliography:
TLC--Family Economics

Author:
CATHRYN DAVIES

Created Date :
Jul 31 2002 09:37 AM

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