Spending and Using Financial Resources - Activities

Spending and Using Financial Resources - Activities
Spending and Using Financial Resources - Activities
Spending and Using Financial Resources - Activities
Spending and Using Financial Resources - Activities
Spending and Using Financial Resources - Activities
Spending and Using Financial Resources - Activities
Spending and Using Financial Resources - Activities
Spending and Using Financial Resources - Activities
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661 KB|34 pages
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Product Description

The effective management of family money can increase satisfaction at all income levels. Personal and family plans provide information for making decisions regarding activities such as spending, saving, protecting and investing to achieve goals. The use of financial resources is governed by a complex decision-making process, motivated by the desire to fulfill these needs and wants, the availability of products and services and the acceptable means of exchange.

Key Ideas Presented:

  1. Budgeting income and expenditures is an aspect of planning that maximizes the ability to improve the standard of living of an individual or a family.
  2. Change can be expected in all the major factors, internal as well as external, that affect a family's financial affairs.
  3. The allocation of resources is based on the individual's value system. When changes occur in this value structure, they are accompanied by a change in the kind, amount or combination of resources.

Spending and Using Financial Resources contains nine activities, all with teacher instructions (Overview, Type of Activity, Materials, Performance Indicator, Procedure, Follow-Up Activities) and handouts.

Spending and Using Financial Resources activity titles include:

  1. Budgeting - Exploration of Living Costs
  2. Income Tax Planning
  3. Coping with Inflation
  4. Housing Alternatives
  5. Transportation Decisions
  6. The Cost of Raising Children
  7. The Electronic Marketplace
  8. Planning a Vacation
  9. Review of Spending and Using Financial Resources
Total Pages
34 pages
Answer Key
N/A
Teaching Duration
N/A
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