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PRMS 8th Grade: Living on a Budget: Home

Living on a Budget Wiki

Students will research budgets and experience a simulation of living on a budget. Students will share their reflections in a wiki.
 

Budgeting Terms

 

  • Budget: financial tool to help you manage income and expenses
  • Net income: money made after taxes
  • Gross income: money before taxes are taken out
  • Principal: amount upon which interest is paid
  • Interest: money charged for using
  • Default: failture to pay a loan
  • Collateral: Security on a loan
  • Premium: amount of money you must pay on an insurance policy
  • Fixed expenses: expenses that don't vary in amount and are paid regularly
  • Flexible expenses: expenses that vary from month to month

 

Google Docs

 

Set up google docs with your spouse if you have one:

Copy this document into google docs so you both can work on it simultaneously:

If you are turning in with your partner on 1 google doc, your  final reflections must be clearly labeled with your name on it.

Ex: Kelly-Sept 5-Today I...

Molly: Sept 5-I can't believe...

Student Budget Form

Online Banking Form

Insurance Calculator

 

Budget Powerpoint Game

Jump Start Reality

 Budget Powerpoint

 

Blue Valley Library Media | Blue Valley School District #229 | Overland Park, KS 66223