Consumer Econ Project

Steps of Project

• 1. Budget-1 • 2. Spending Spree-Move in items• 3. Food items per week and general

recipes • 4. Short essay explaining what if

anything was learned or changed during the unit.

1st Budget• Monthly income--- 0.75% (please note career) • Costs

– Rent– College Loans (Over 10 or 30 years @4% interest)– Car Payment (Over 5 years @7% interest)

• Car Insurance• Gas and maintenance

– Gas-heat– Electric (one of these will be high)– Internet– Cable– Cell Phone (Can be bundled) – Groceries-Expendables – Entertainment – Savings-retirement

• There is no penalty for going into the negative. This is what credit is for. I also expect that this is how some of you will learn from this project.

Spending Spree-Move in items

• What you bought, where you purchased it, Price –$200.00 Graduation Gift–Based on “move in” items–Anything over $200 should be listed under

extra expendables

Food

• List of items per week • General recipes • Amount- where purchased

Budget 2

• Must have a line for debt repayment if you went into the negative on budget 1

• Can have any changes made based on “mistakes made in budget 1– Can not include job, or college loans– Can includchanging vehicles, cell plans, etc

Reflection Essay

• Short essay explaining what if anything was learned or changed during the unit.

Getting a Job

• Present Jobs• Future professional Job

Finding an Apartment

• What to consider• Signing a lease

Buying a Car

• What to consider• Financing • Basic maintenance

Basic purchases

• Groceries and disposables• Pharmaceuticals

Credit

• What it is, what it costs, and how it is accumulated

• Reading a credit card statement• Credit Reports • Solving credit problems

Checking Account

• Writing a check• Online payments• ATM-Debit Cards

Saving and Investing

• Types of Accounts• Determining Risk• How to invest

Getting Insurance

• Kinds of insurance

Budget

• Expenses • Income• Spending Plan

Identity Theft

• How to protect self • Financing an education • Cost of school • Types of aid

Contracts

• Reading the fine print

Paying Taxes

• How are taxes determined• Important forms