Difference between revisions of "AY Honors/Household Budgeting/Requirements"
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<b>1. <section begin=req1 /><noinclude><translate><!--T:1--> | <b>1. <section begin=req1 /><noinclude><translate><!--T:1--> | ||
| − | </noinclude>What is a household budget and what is the importance of having one? | + | </noinclude>What is a household budget and what is the importance of having one? |
<noinclude></translate></noinclude><section end=req1 /></b> | <noinclude></translate></noinclude><section end=req1 /></b> | ||
<b>2. <section begin=req2 /><noinclude><translate><!--T:2--> | <b>2. <section begin=req2 /><noinclude><translate><!--T:2--> | ||
| − | </noinclude>Make a list of your family's expenses and classify them as necessary, useful and superfluous. | + | </noinclude>Make a list of your family's expenses and classify them as necessary, useful and superfluous. |
<noinclude></translate></noinclude><section end=req2 /></b> | <noinclude></translate></noinclude><section end=req2 /></b> | ||
<b>3. <section begin=req3 /><noinclude><translate><!--T:3--> | <b>3. <section begin=req3 /><noinclude><translate><!--T:3--> | ||
| − | </noinclude>Check your family's shopping list for grocery and hygiene products. Are all the items really necessary? | + | </noinclude>Check your family's shopping list for grocery and hygiene products. Are all the items really necessary? |
<noinclude></translate></noinclude><section end=req3 /></b> | <noinclude></translate></noinclude><section end=req3 /></b> | ||
<b>4. <section begin=req4 /><noinclude><translate><!--T:4--> | <b>4. <section begin=req4 /><noinclude><translate><!--T:4--> | ||
| − | </noinclude>What is the best day and place to get vegetables, fruits and greens in your neighborhood? | + | </noinclude>What is the best day and place to get vegetables, fruits and greens in your neighborhood? |
<noinclude></translate></noinclude><section end=req4 /></b> | <noinclude></translate></noinclude><section end=req4 /></b> | ||
<b>5. <section begin=req5 /><noinclude><translate><!--T:5--> | <b>5. <section begin=req5 /><noinclude><translate><!--T:5--> | ||
| − | </noinclude>What can you and your family do to save on water, electricity and telephone? | + | </noinclude>What can you and your family do to save on water, electricity and telephone? |
<noinclude></translate></noinclude><section end=req5 /></b> | <noinclude></translate></noinclude><section end=req5 /></b> | ||
<b>6. <section begin=req6 /><noinclude><translate><!--T:6--> | <b>6. <section begin=req6 /><noinclude><translate><!--T:6--> | ||
| − | </noinclude>What is inflation? | + | </noinclude>What is inflation? |
<noinclude></translate></noinclude><section end=req6 /></b> | <noinclude></translate></noinclude><section end=req6 /></b> | ||
<b>7. <section begin=req7 /><noinclude><translate><!--T:7--> | <b>7. <section begin=req7 /><noinclude><translate><!--T:7--> | ||
| − | </noinclude>What taxes does your family have to pay? | + | </noinclude>What taxes does your family have to pay? |
<noinclude></translate></noinclude><section end=req7 /></b> | <noinclude></translate></noinclude><section end=req7 /></b> | ||
<b>8. <section begin=req8 /><noinclude><translate><!--T:8--> | <b>8. <section begin=req8 /><noinclude><translate><!--T:8--> | ||
| − | </noinclude>What kind of shopping should never be done with credit? why? | + | </noinclude>What kind of shopping should never be done with credit? why? |
<noinclude></translate></noinclude><section end=req8 /></b> | <noinclude></translate></noinclude><section end=req8 /></b> | ||
<b>9. <section begin=req9 /><noinclude><translate><!--T:9--> | <b>9. <section begin=req9 /><noinclude><translate><!--T:9--> | ||
| − | </noinclude>What is interest? How should it be calculated? | + | </noinclude>What is interest? How should it be calculated? |
<noinclude></translate></noinclude><section end=req9 /></b> | <noinclude></translate></noinclude><section end=req9 /></b> | ||
<b>10. <section begin=req10 /><noinclude><translate><!--T:10--> | <b>10. <section begin=req10 /><noinclude><translate><!--T:10--> | ||
| − | </noinclude>Investigate what is the interest rate and what are the financial responsibilities in the lines of credit lines for the following: | + | </noinclude>Investigate what is the interest rate and what are the financial responsibilities in the lines of credit lines for the following: |
<noinclude></translate></noinclude><section end=req10 /></b> | <noinclude></translate></noinclude><section end=req10 /></b> | ||
:<b>a. <section begin=req10a /><noinclude><translate><!--T:11--> | :<b>a. <section begin=req10a /><noinclude><translate><!--T:11--> | ||
| − | </noinclude>Credit card | + | </noinclude>Credit card |
<noinclude></translate></noinclude><section end=req10a /></b> | <noinclude></translate></noinclude><section end=req10a /></b> | ||
:<b>b. <section begin=req10b /><noinclude><translate><!--T:12--> | :<b>b. <section begin=req10b /><noinclude><translate><!--T:12--> | ||
| − | </noinclude>Overdraft | + | </noinclude>Overdraft |
<noinclude></translate></noinclude><section end=req10b /></b> | <noinclude></translate></noinclude><section end=req10b /></b> | ||
:<b>c. <section begin=req10c /><noinclude><translate><!--T:13--> | :<b>c. <section begin=req10c /><noinclude><translate><!--T:13--> | ||
| − | </noinclude>Personal loan | + | </noinclude>Personal loan |
<noinclude></translate></noinclude><section end=req10c /></b> | <noinclude></translate></noinclude><section end=req10c /></b> | ||
<b>11. <section begin=req11 /><noinclude><translate><!--T:14--> | <b>11. <section begin=req11 /><noinclude><translate><!--T:14--> | ||
| − | </noinclude>What measures should be taken when the family is in debt? | + | </noinclude>What measures should be taken when the family is in debt? |
<noinclude></translate></noinclude><section end=req11 /></b> | <noinclude></translate></noinclude><section end=req11 /></b> | ||
<b>12. <section begin=req12 /><noinclude><translate><!--T:15--> | <b>12. <section begin=req12 /><noinclude><translate><!--T:15--> | ||
| − | </noinclude>What percent of the household income should be saved? | + | </noinclude>What percent of the household income should be saved? |
<noinclude></translate></noinclude><section end=req12 /></b> | <noinclude></translate></noinclude><section end=req12 /></b> | ||
<b>13. <section begin=req13 /><noinclude><translate><!--T:16--> | <b>13. <section begin=req13 /><noinclude><translate><!--T:16--> | ||
| − | </noinclude>Investigate at least two methods besides a passbook to invest money saved. What are the advantages and disadvantages of each? | + | </noinclude>Investigate at least two methods besides a passbook to invest money saved. What are the advantages and disadvantages of each? |
<noinclude></translate></noinclude><section end=req13 /></b> | <noinclude></translate></noinclude><section end=req13 /></b> | ||
<section begin=challenge /> | <section begin=challenge /> | ||
<b>14. <section begin=req14 /><noinclude><translate><!--T:17--> | <b>14. <section begin=req14 /><noinclude><translate><!--T:17--> | ||
| − | </noinclude>Do the following: | + | </noinclude>Do the following: |
<noinclude></translate></noinclude><section end=req14 /></b> | <noinclude></translate></noinclude><section end=req14 /></b> | ||
:<b>a. <section begin=req14a /><noinclude><translate><!--T:18--> | :<b>a. <section begin=req14a /><noinclude><translate><!--T:18--> | ||
| − | </noinclude>Write and endorse a check | + | </noinclude>Write and endorse a check |
<noinclude></translate></noinclude><section end=req14a /></b> | <noinclude></translate></noinclude><section end=req14a /></b> | ||
:<b>b. <section begin=req14b /><noinclude><translate><!--T:19--> | :<b>b. <section begin=req14b /><noinclude><translate><!--T:19--> | ||
| − | </noinclude>Write a receipt | + | </noinclude>Write a receipt |
<noinclude></translate></noinclude><section end=req14b /></b> | <noinclude></translate></noinclude><section end=req14b /></b> | ||
:<b>c. <section begin=req14c /><noinclude><translate><!--T:20--> | :<b>c. <section begin=req14c /><noinclude><translate><!--T:20--> | ||
| − | </noinclude>Pay for tickets and/or an invoice at an ATM | + | </noinclude>Pay for tickets and/or an invoice at an ATM |
<noinclude></translate></noinclude><section end=req14c /></b> | <noinclude></translate></noinclude><section end=req14c /></b> | ||
<section end=challenge /> | <section end=challenge /> | ||
<b>15. <section begin=req15 /><noinclude><translate><!--T:21--> | <b>15. <section begin=req15 /><noinclude><translate><!--T:21--> | ||
| − | </noinclude>Keep a personal budget and a log of money coming in and out for six months. | + | </noinclude>Keep a personal budget and a log of money coming in and out for six months. |
<noinclude></translate></noinclude><section end=req15 /></b> | <noinclude></translate></noinclude><section end=req15 /></b> | ||
<b>16. <section begin=req16 /><noinclude><translate><!--T:22--> | <b>16. <section begin=req16 /><noinclude><translate><!--T:22--> | ||
| − | </noinclude>Make a family budget and keep an accurate record of inputs and outputs for six months (Pathfinders and youths can do this together with parents); those who live on farms can make records of farming, dairy and livestock. | + | </noinclude>Make a family budget and keep an accurate record of inputs and outputs for six months (Pathfinders and youths can do this together with parents); those who live on farms can make records of farming, dairy and livestock. |
<noinclude></translate></noinclude><section end=req16 /></b> | <noinclude></translate></noinclude><section end=req16 /></b> | ||
<b>17. <section begin=req17 /><noinclude><translate><!--T:23--> | <b>17. <section begin=req17 /><noinclude><translate><!--T:23--> | ||
| − | </noinclude>Read Malachi 3:8-12 and write a minimum of 250 words about the meaning of being a faithful steward. | + | </noinclude>Read Malachi 3:8-12 and write a minimum of 250 words about the meaning of being a faithful steward. |
<noinclude></translate></noinclude><section end=req17 /></b> | <noinclude></translate></noinclude><section end=req17 /></b> | ||
<section end=Body /> | <section end=Body /> | ||
Revision as of 03:26, 13 May 2021
Household Budgeting
Skill Level
2
Year
2023
Version
11.05.2024
Approval authority
North American Division
1. What is a household budget and what is the importance of having one?
2. Make a list of your family's expenses and classify them as necessary, useful and superfluous.
3. Check your family's shopping list for grocery and hygiene products. Are all the items really necessary?
4. What is the best day and place to get vegetables, fruits and greens in your neighborhood?
5. What can you and your family do to save on water, electricity and telephone?
6. What is inflation?
7. What taxes does your family have to pay?
8. What kind of shopping should never be done with credit? why?
9. What is interest? How should it be calculated?
10. Investigate what is the interest rate and what are the financial responsibilities in the lines of credit lines for the following:
- a. Credit card
- b. Overdraft
- c. Personal loan
11. What measures should be taken when the family is in debt?
12. What percent of the household income should be saved?
13. Investigate at least two methods besides a passbook to invest money saved. What are the advantages and disadvantages of each?
14. Do the following:
- a. Write and endorse a check
- b. Write a receipt
- c. Pay for tickets and/or an invoice at an ATM
15. Keep a personal budget and a log of money coming in and out for six months.
16. Make a family budget and keep an accurate record of inputs and outputs for six months (Pathfinders and youths can do this together with parents); those who live on farms can make records of farming, dairy and livestock.
17. Read Malachi 3:8-12 and write a minimum of 250 words about the meaning of being a faithful steward.
