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 daily reflections must and 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

PRMS 8th Grade: Living on a Budget: Home

Research Websites

Living on a Budget Wiki