Year 9 CTE Term 3, 2010
Overall Grade:
Knowledge & Procedures
Presentation, organisation formulas and calculations
Spreadsheet layout
Evidence:
Communication & Bibliography
Income & weekly left over monies
Expenses
Running Balance
And savings
You are responsible for creating a monthly budget for your family for the month of September, 2010. Your budget must be realistic and

you must live within your means. You are to create a spreadsheet and collect research documentation in an evidence sheet.
Please read the following scenario:
You are currently living in Coolum Beach, Maroochydore, Noosa Waters,
Kawana Waters (choose one)
You are: Married Divorced
You have girls, ages & ; and boys, ages & .
You must name your spouse and children in the blanks below:
Spouse:
Child #1: Child #2: Child #3:
Or more if applicable
TASK: Create a spreadsheet that reflects your family’s monthly income and expenditures with the following information:
IMPORTANT: [Save all documentation under a document called ‘Evidence’ under each of the highlighted subtitles used below]
1. Your occupation is:
(Please find and copy the annual income for this occupation in the city where you live into Evidence file, then divide the nett amount (income after tax by 52, the number of weeks in a year, to determine your weekly income.)
2.
Your spouse’s occupation
, if applicable:
(Please find and copy the annual income for this occupation in the city where you live, then divide that amount by 52 to determine your weekly income)
_OR_
If you are divorced, you have custody of the children and your weekly child support is:
3. You live in a bedroom apartment/ house with your family.
(Please find and copy the cost of the apartment per week to your evidence file) go to http://www.realestate.com.au/rent to search
4. If your apartment doesn’t include garbage pickup, water, parking fees, gas, electricity, please determine your Weekly / monthly costs for these expenses.
(Please copy and save the documentation that supports your figures.)

You will need renter’s insurance for the contents of your apartment .
(Please find and copy this monthly expense).
5. Please determine your monthly home telephone and Mobile phone expenses . (Copy and save any information that supports your findings.)
6. Determine your monthly internet expenses . (Copy and save any information that supports your findings.)
7. Determine your monthly cable expenses . (copy and save any information that supports your findings.)
8. Please determine your automobile expenses
– expenses must include - monthly re-payment including interest, registration, insurance, routine maintenance and oil changes, car washes, and petrol.
(Please copy and save all information that supports your findings.)
9. Calculate your monthly entertainment expenses . Please find and print at least two family entertainment venues in your city (ie. movies, games, theme park, etc.). Calculate the monthly cost for your family to attend those events.
10. Credit card expenses : Determine the monthly repayment for your family on a _______ credit card limit.
11. Clothing expenses : Determine the monthly clothing expense for your family. Break down the items you will purchase for each family member. (socks, underwear, summer clothes, school uniforms)
12. Food expenses : Determine the monthly food expenses for your family.
13. Child fund : Determine the monthly support needed for a child in a third world country of your choice.
14. Tithing or donations : Determine the monthly donations for your family.
15. Childcare expenses : Find and copy the monthly childcare expenses for your family. Even if your children are school aged, you must budget for after school care.
16. Household items – ie. Toilet paper, shampoo, deodorant, cleaner, newspaper, etc. Please determine your monthly expenses for household items.
17. Personal Care: haircuts, manicure, toiletry items etc. Please breakdown these expenses and calculate your family’s total monthly expenses.

18. Laundry Expenses: haircuts, manicure, toiletry items etc. Please breakdown these expenses and calculate your family’s total monthly expenses.
19. Birthday Gifts : You must give atleast one of your spouse and/or children a birthday gift/s. If any of your friends/relatives have a
September birthday, you must also purchase a gift for them. Please find and print the gifts you will be giving and calculate your monthly expense.
20. Savings : The remainder of your income after all expenses are paid will go into a savings account. Please indicate the amount you will put in your savings account, monthly.
After you have gathered all of the above information, please create a spreadsheet showing your budget.
Your spreadsheet should contain formulas so you can plug in different numbers each month and your spreadsheet will accurately calculate the current month’s expenses. Your budget should calculate a running balance every week and the amount left over for savings.
Graph your spreadsheet using a graph style that you feel best illustrates the breakdown of your monthly expenses. Customize your graph to look visually pleasing.
Be prepared to share your results with the class. The two students in with the most accurate and realistic monthly budget, with all of the supporting documentation, will get an award!