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Home Economics Project

Home Economics Project. What will you be? Two of each. Single man, $50,000, in Manhattan Family of 4, $30,000, in Orlando Married couple, $20,000, in Oxford, MS Single mother of 1, $50,000, in Atlanta Single woman, $20,000, in Tampa Single father of 2, $40,000, in L.A.

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Home Economics Project

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  1. Home Economics Project

  2. What will you be? Two of each. Single man, $50,000, in Manhattan Family of 4, $30,000, in Orlando Married couple, $20,000, in Oxford, MS Single mother of 1, $50,000, in Atlanta Single woman, $20,000, in Tampa Single father of 2, $40,000, in L.A. Married couple, $100,000, in Orlando Family of three, 1.2 million, in Manhattan Family of four, $20,000, in New Orleans

  3. Presentation: Due on December 20 • 10 – 15 slide presentation • Presenting 10 parts of the project

  4. Part One • Select your degree (it must be consistent with your income) • Select your occupation (it must be consistent with your income) • Select your living arrangement (rent or own – of you own, assume that you put 10% down – calculate your mortgage from there) • Select your car (calculate your car payment - assume that you put 10% down – calculate your payment from there) • Find a picture of the place where you received your degree(s), your job, and your residence.

  5. Part Two • Calculate your monthly expenses • Rent, mortgage • Utilities • Car payment • Phone payment • Groceries, gas • Clothes • Gym, entertainment, car insurance, pets • If you do not think that you can cover your monthly expenses, research if you qualify for government assistance. • If you have children, figure out where they attend school.

  6. Part Three • Figure out a daily and weekly schedule • What time do you go to work? Come home? • When is the grocery shopping done? The cleaning? The laundry? The yard? • Who takes the kid(s) to school? • Are you or your children involved with extracurricular activities? • Create a calendar that shows who does what and when.

  7. Part Four • For the lower-income families • Explain what government assistance you can get • For the middle-income families • Explain what you have to give up to pay your bills • For the higher-income families • Research and find a charity • Allocate some money to give

  8. Part Five • What do you do for fun? How often? • How much does it cost every month? • Provide a picture. • Pro-football game • Movies with friends • Dinner • Cook-out at your place

  9. Part Six: Good Times! • Your family receives a bonus of 10% of your income. • What do you do with it? • Buy new clothes? • Treat yourself to a trip, a nice dinner? • Buy your child something? A new bike? Karate classes?

  10. Part Seven: Tough Times • A working member of your family is injured and cannot work for one month. • Deduct one month of your or your family’s salary. • How do you make ends meet? • What do you have to give up?

  11. Part Eight: • Put together a realistic plan to increase your income in the future.

  12. Part Nine • What have you learned from this project? • Is the allocation of your resources month to month easier or more difficult than expected?

  13. Part Ten • Photo montage • Provide pictures of your life from personal or online resources

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