1.1 Budgeting

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What are fixed expenses?
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Slide 1: Woordweb
EconomieSecondary Education

In deze les zitten 15 slides, met interactieve quizzen, tekstslides en 1 video.

time-iconLesduur is: 60 min

Onderdelen in deze les

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What are fixed expenses?

Slide 1 - Woordweb

Chapter 1.1
Budgeting , Pages 574-575

Slide 2 - Tekstslide

Objectives
Difference between fixed and flexible expenses.
Discuss the ways expenses might be brought in line with the budget.
 Prepare a budget for a scenario.

Slide 3 - Tekstslide

Expenses




When you have a record of your expenses, put them into categories, such as transportation, food, clothing, savings, and entertainment.

Slide 4 - Tekstslide

Slide 5 - Video

Activity 1: Individually
From the list of expenses given below categorize them as fixed or flexible expenses.
Car loan ,House rent, electricity, lunch out, sweater, movie

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Slide 6 - Open vraag

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How can you maintain your expenses and not exceed the limit?

Slide 7 - Woordweb

Why do you need to control your expenses?

Slide 8 - Woordweb

In pairs :Look at the example of a budget given on page 575 .How can you set up your spending plan by controlling the expenses?
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Slide 9 - Open vraag

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Calculate the totals for each
category and see what percentage each is
of the total budget.

Slide 10 - Woordweb

Write things you knew before.
Write things you wish to know.
Write things you learnt.

Slide 11 - Woordweb

Planning a Budget
  Suppose you have a job that brings in $1,150 a month after taxes. You contribute $350 toward rent and utilities each month for an apartment you share with two other people. You put $100 each month into a savings account, and you spend about $50 per month for a cell phone. Of course, you also eat, wear clothes, and go out with friends. You want to buy a car that will cost $300 per month for payments and insurance. Can you afford it? Plan a budget to see if you can take on this new fixed expense.
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Slide 12 - Tekstslide

Answer here for the above activity.

Slide 13 - Woordweb

Make the given letters into a meaningful word.What does this mean?
lxibefle xpnsees

Slide 14 - Woordweb

Write the important things you learnt?

Slide 15 - Woordweb