MAP4C - Personal Finance Unit – Budget Assignment
Overall Expectation
Level Achieved
B3 – design, justify, and adjust budgets for individuals and families described in
case studies, and describe applications of the mathematics of personal finance.
Criteria
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Find and justify monthly amounts accurately
Clearly make adjustments to match life changes
research housing/accommodation that matches your needs and include a link to a
website where you found the information
research monthly fees for insurances, taxes, utilities and other monthly charges
and include a link indicating where you found the information
clear communication
Instructions:
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You must create an original budget and then modify your budget. (will have 2
budget worksheets)
You must save or print 1 word file showing your entire project (includiung
calculations and justifications)
Step 1: Find a job that you can get right out of high school (i.e. no post secondary
education required). Copy and paste the ad here…
Step 2: Calculate your monthly earnings based on this job.
Step 3: Calculate/research all of your monthly charges that would occur in your budget
assuming that you take this job and don’t go on to post-secondary education. This
includes finding a new place to live. (please copy and paste the ad here)
Step 4: Open your excel file and input the numbers into the budget worksheet (you are
also able to create your own budget worksheet if you prefer)
Step 5: Copy and paste your excel file here…
Step 6: See Ms. Vlug for a life changing moment
Step 7: record what change you have received and how it will impact your income.
Step 8: Adjust your monthly charges based on your changes. Discuss why these changes
need to be made. This should be in depth.
Step 9: Redo your budget worksheet with your new changes
Step 10: Copy and paste your excel file here…
Step 11: Write a conclusion discussing why it is important to make and adjust a budget