Tuesday, September 19, 2017

12.E1 INDIVIDUAL RESPONSIBILITY AND THE ECONOMY: Individuals should set personal financial goals, recognize their income needs and debt obligations, and know how to utilize effective budgeting, borrowing, and investment strategies to maximize well-being. 12.E1a In making economic decisions in any role, individuals should consider the set of opportunities that they have, their resources (e.g., income and wealth), their preferences, and their ethics.

QUESTION: In terms of dollars and cents, what do you think it takes in terms of income to live the kind of life you are going to want to live?

What are some pitfalls that could possibly derail your best intentions?

How will you track your spending to ensure that you are not spending above your means?

What percentage of your monthly income should you allocate to housing? To transportation?

How do you convert weekly income into monthly income for budgeting purposes? Bi-weekly?





Budget Worksheet



Delayed Adulthood?