Students pick a career (6 choices), a car (4 choices),
a home (4 choices) and a habit (6 choices), and calculate their net
monthly income using the 70% approximation.

Why use 70% to estimate net income? This is an approximation of net
income from gross income that we learn in consumer math when all deductions are not known. It's a
helpful estimation when deciding to accept a job offer, if car
payments will fall within transportation budget, or if an apartment
is affordable. It's also a nice workaround to estimate net monthly
income for those 2 vs. 3 paycheck months when paid biweekly, or
those 4 vs 5 paycheck months when paid weekly.

After choosing their 4 cards, students walk through their 7-page
answer packets calculating costs and analyzing budgets. Will they be
in budget in each category or over?

There are 576 possible career/home/car/habit combinations! I
included 2 sample answer keys-- one for a budget-friendly lifestyle
and one for the most expensive lifestyle. Which will your students
choose?

I made this project for high school students who are taking a
consumer math class. It has also been added to the
consumer math curriculum
into the budget folder. A few teachers have mentioned having looked it
over and that they felt it would also work for middle school students.
The math is all based on percentages, so if your students have already
learned how to calculate percentages, the project should work for
them, even if they are not yet in high school.

Budget Project |

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