Session Date
Lesson Topic
Budget spreadsheets: Example of household annual budget with monthly income and expenses. Various "expected" categories with recurring expenses such as rent, insurance, clothing, food, gasoline, and discretionary/miscellaneous expenses. Aiden had a slight headache during this lesson but was able to trudge through the lesson presentation and absorb several essential concepts.
Lesson Outline
Budget spreadsheets: Example of household annual budget with monthly income and expenses. Various "expected" categories with recurring expenses such as rent, insurance, clothing, food, gasoline, and discretionary/miscellaneous expenses. Identifying and properly accounting for Fixed Expenses and Flexible (variable). Video on "3 Ways To Organize a Budget". Demonstration of monthly surpluses or Deficits based upon monthly income and monthly total expenses.
Assignment
Create a 6-month budget assuming that you have become a College student. Include 8 Fixed expenses/costs and 4 Flexible/Variable costs. Also the monthly income is based upon working part-time 15 hrs per week at
$20 per hr. Calculate the monthly surplus or deficit.
$20 per hr. Calculate the monthly surplus or deficit.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
Today's lesson was focused upon demonstrating in great detail how a Personal monthly budget is typically constructed. A printed example Budget sheet was handed out and a Video was watched on Personal Budgets to illustrate the use of Fixed Costs and Variable Costs. Aiden had a slight headache during this lesson but was able to trudge through the lesson presentation and absorb several essential concepts.
Session Hours
0.75
Hours Attended
0.75
Entry Status
Review Status
Student Name(s)
Subject
School