PMB STEP 9: Final Changes

OVERVIEW
Students should learn the basics about finding their first job based on the college or training they chose. Make sure that they understand that their first job may be in the field they chose, but not necessarily the position they see themselves in to start off with. That will lead to them choosing a place to live and then understanding the community they are a part of. Students will continue to work on their Personal Monthly Budget Project by creating a map of their new neighborhood and locating businesses, organizations, and stores with basic needs and other necessities that will make their new home more comfortable. Today students will investigate and add the cost of insurance to their monthly budget spreadsheets.

OBJECTIVE(S) / (SWBAT)
Participate in-class discussions about different places that might be needed in your new neighborhood.

Complete ALL Documents, Spreadsheets, and Google Forms associated with the PMB Project.

Open, Copy, Share, and Start the PMB Google Spreadsheet for PMB Project

Complete the Personal Monthly Budget Worksheet Section for STEP 9: FINAL CHANGES

LINKS & DOCUMENTS (Open Documents, Click FILE and MAKE A COPY)
Primary Document for Personal Monthly Budget Project (500pts)
PMB GOOGLE DOCUMENT DIGITAL WORKSHEET PACKET

Primary Spreadsheet for Personal Monthly Budget Project
PMB GOOGLE SHEET TEMPLATE (Click Here)

Simple Survey to list choices from Steps 3 and 4 yesterday:
PMB START-UP SHEET TFDL2022 SURVEY

PROJECT

Make Final Changes to your Personal Monthly Budget (PMB) Project. Make sure that your PMB Worksheet is complete, and that every STEP has been filled in completely. Use the posts on the Class Reference Site (See BLOG ARCHIVE section to the right to find individual posts) to complete any missed or incomplete work. Use the information below to make final changes to your PMB Spreadsheet.

Here are the final changes to your Personal Monthly Budget. Please record the changes and make sure you SHARE both your PMB Worksheet (Google Doc) and your PMB Budget (Google Sheets) with Mr. S (harvey.scribner@techfreire.org) for credit. I will review your budget and comment on them later this week. This will be a major part of the grade for this marking period:

MAKE THE FINAL FOLLOWING CHANGES TO YOUR BUDGET
1. Add 5 pints of your favorite ice cream to your grocery bill for the month (Shop online groceries for pricing)
2. Add $150 to your budget for home repair. (Broken Window)
3. Add a Doctor’s visit to your budget ($20 copay)
4. Get a pet: dog, cat, fish, snake, whatever….but budget for the animal, veterinarian, and care products.
5. You are taking a class at a local college….add $425 for tuition and $125 for books.
6. You went to the movies with your friend…..add enough to cover popcorn and tickets.
7. You took first prize in a writing contest….add $100
8. Add $50 per month for an increase in cell phone service
9. Find a bicycle for fun and add the cost to your budget
10. You went to the mall to shop for clothes… add $125.
11. You won the lottery……$150…scratch-off… add to your budget
12. Your mom’s birthday is coming up…get her a gift….add it
13. Your electric bills are 10% higher than you budgeted for…..add it
14. Try to find a used car.  You do not need to add this to your budget, but see if you can find something that runs for less than $2000 in the city or area that you moved to?  If you find something, add the information (Model, Mileage, etc.) and where you would buy it from on your SHOPPING Spreadsheet.

Don't forget to estimate your monthly grocery budget by multiplying your weekly grocery shopping plus your fast food budget by four. Add those values to your budget as well.

Add all of the above changes to your budget sheet somewhere appropriate (your choice). Make sure your shopping lists are correct and complete. Make sure that your entries are complete for groceries and eating out. Finally, please send me an email stating your budget is complete and ready to be checked.

STOCK MARKET EARNINGS
Finally, you can now add your EARNINGS from our MarketWatch.com Stock Market Game. Call me over to make the withdrawal if you want. I will have today's printout with totals and will approve all withdrawals.

Enter all of your items into your budget and save them for tomorrow!!

ESSENTIAL QUESTION(S)
What other costs might impact my monthly budget?  How can I handle unexpected events and spending?

What does owning a car do to my overall budget?  How can I survive in my new city without one?

What services or stores are most important, and which ones would be considered luxuries?

What items do I need to buy to survive, and what is not necessary. Based on the selection of my apartment, where can I go to buy these items, and how much will they cost.

ACADEMIC STANDARD(S) (PA)
PA Career Education & Work Standard 13.3.11.D

Analyze Budgets and Pay Statements to include paychecks, bank statements, bills, and other documents that would be required to keep a Personal Monthly Budget

Jump$tart Standards: Financial Responsibility Standards 1, 2 and 4

National Standards for Economics:
Standard 2: Decision Making

PA Social Studies:6.2.12.D: Evaluate changes in economic institutions over time (e.g., stock markets, non-government organizations)