Budgets Part 2

May 13th, 2015

Warm Up

Why should your budgets be realistic?

Learning Objective:  Students will understand how to be financially responsible.

Success Criteria: Students will be able to create a working budget.







Today we're going to be creating a working budget.

For this lesson we will assume the following:

1. You work for minimum wage and can get 40 hours a week (which is not always possible)
• This makes your monthly net income $1,099
• You work at the McDonald's located at 
• Milwaukee, WI 
• 2520 W National Ave 
2. You are living alone and do not have any children.
3. You have no savings.
4. You do not own a car.
5. Utilities would run you about $50 a month if the apartment you find does not include heat
• $30 a month if it does include heat
6. Food will run you about $200 a month

Your assignment will be to fill out the budget sheet that will be passed out to you.

Click here to download the budget template.

You will need to find an apartment that you can afford using this website.

You should complete your budget handout by the end of this class period.

Electronic copies of your packets, the booklet we are using, and this handout can be found on the class blog under the packets section over there.