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Create a Family Budget

VS-5-FL-S-2/3

 I CAN explain the purpose of a budget and define the basic components (parts).

http://www.handsonbanking.org/HOB_kids_en.html

Family Budget                
Grade 5                                                                                       Family # 1 2 3 4 5 6  
 
3 Parts of a Budget:

Þ INCOME
Þ EXPENSES
Þ SAVINGS
 
How much do Mom and Dad make?                 $_____________________
How much are our taxes?                                       $_____________________
How much do we have left after taxes?          $_____________________
How much can/will my family spend for:
Tithes to the church? 10%                                      $_____________________
Health, Vision and Dental Insurance?              $_____________________
RECC = $150                                                                $_____________________
Water/Sewer = $25                                                   $_____________________
Phone/Internet/Cable TV                                       $_____________________
Groceries $200 per person                                     $_____________________
Cell Phone/s                                                                $_____________________
Shelter/Home                                                             $_____________________
Vehicle/s & Insurance                                             $_____________________
Gas $200 per vehicle                                                $_____________________
How much can we SAVE?                                       $_____________________
How much do we have left?                                  $_____________________
 
 

 
 
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