Using a case study about an urban family, students calculate monthly net income and explore the impact of having irregular income.
Topic
Earn (Becoming an entrepreneur, Getting paid, Making money), Spend (Budgeting)
Subject
CTE (Career and technical education), Math, Social studies or history
Grade Level
High school (9-10), High school (11-12)
Duration
75-90 minutes
Big idea
Knowing your monthly net income is helpful when creating and managing a budget.
Essential questions
- How does having a clear picture of monthly net income and benefits help you plan ahead and make and follow a budget?
- How does irregular income affect monthly net income?
Objectives
- Recognize different sources of income
- Use a financial tracker to organize income and benefits
- Begin to understand how monthly net income can vary due to irregular income
What students will do
- Learn key terms related to income and benefits.
- Calculate weekly and monthly net income and explore how net income changes as a result of irregular monthly income.
Download activity
Teacher guide
cfpb_building_block_activities_tracking-income_guide.pdf
Student materials
cfpb_building_block_activities_tracking-income_worksheet.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.
