consumer econ project. steps of project 1. budget-1 2. spending spree-move in items 3. food items...
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![Page 1: Consumer Econ Project. Steps of Project 1. Budget-1 2. Spending Spree-Move in items 3. Food items per week and general recipes 4. Short essay explaining](https://reader031.vdocument.in/reader031/viewer/2022020417/56649e425503460f94b355fc/html5/thumbnails/1.jpg)
Consumer Econ Project
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Steps of Project
• 1. Budget-1 • 2. Spending Spree-Move in items• 3. Food items per week and general
recipes • 4. Short essay explaining what if
anything was learned or changed during the unit.
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1st Budget• Monthly income--- 0.75% (please note career) • Costs
– Rent– College Loans (Over 10 or 30 years @4% interest)– Car Payment (Over 5 years @7% interest)
• Car Insurance• Gas and maintenance
– Gas-heat– Electric (one of these will be high)– Internet– Cable– Cell Phone (Can be bundled) – Groceries-Expendables – Entertainment – Savings-retirement
• There is no penalty for going into the negative. This is what credit is for. I also expect that this is how some of you will learn from this project.
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Spending Spree-Move in items
• What you bought, where you purchased it, Price –$200.00 Graduation Gift–Based on “move in” items–Anything over $200 should be listed under
extra expendables
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Food
• List of items per week • General recipes • Amount- where purchased
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Budget 2
• Must have a line for debt repayment if you went into the negative on budget 1
• Can have any changes made based on “mistakes made in budget 1– Can not include job, or college loans– Can includchanging vehicles, cell plans, etc
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Reflection Essay
• Short essay explaining what if anything was learned or changed during the unit.
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Getting a Job
• Present Jobs• Future professional Job
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Finding an Apartment
• What to consider• Signing a lease
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Buying a Car
• What to consider• Financing • Basic maintenance
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Basic purchases
• Groceries and disposables• Pharmaceuticals
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Credit
• What it is, what it costs, and how it is accumulated
• Reading a credit card statement• Credit Reports • Solving credit problems
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Checking Account
• Writing a check• Online payments• ATM-Debit Cards
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Saving and Investing
• Types of Accounts• Determining Risk• How to invest
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Getting Insurance
• Kinds of insurance
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Budget
• Expenses • Income• Spending Plan
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Identity Theft
• How to protect self • Financing an education • Cost of school • Types of aid
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Contracts
• Reading the fine print
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Paying Taxes
• How are taxes determined• Important forms