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Financial Facts Feud for Income and Expense Statement Lesson Plan 1.15.5

Financial Facts Feud for Income and Expense Statement Lesson Plan 1.15.5. Choose Your Feud!. Round 1. Round 6. Round 2. Round 7. Round 3. Round 8. Round 4. Round 9. Round 5. Round 10. Team 1: Rounds Won. Team 2: Rounds Won. Exit Game.

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Financial Facts Feud for Income and Expense Statement Lesson Plan 1.15.5

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  1. Financial Facts Feud for Income and Expense Statement Lesson Plan 1.15.5

  2. Choose Your Feud! Round 1 Round 6 Round 2 Round 7 Round 3 Round 8 Round 4 Round 9 Round 5 Round 10 Team 1: Rounds Won Team 2: Rounds Won Exit Game

  3. What are the most common expenses associated with housing? Question for Round 1 Housing payment (rent or mortgage) Furnishings 1) X X X X X X 5) X X X X X X Property taxes Maintenance/repairs 2) X X X X X X 6) X X X X X X 3) X X X X X X Home or renters insurance Utilities 4) X X X X X X X X X Return to “Choose Your Feud!”

  4. Question for Round 2 What are the most common types of earned income? Tax refunds 1) X X X X X X Wages or salary 5) X X X X X X Commissions 2) X X X X X X Tips 3) X X X X X X Bonuses 4) X X X X X X X X X Return to “Choose Your Feud!”

  5. What are the most common expenses associated with transportation? Question for Round 3 Automobile license and registration 1) X X X X X X Automobile payment 5) X X X X X X Automobile insurance 2) X X X X X X Public transportation fees 6) X X X X X X Fuel 3) X X X X X X Automobile repairs and maintenance 4) X X X X X X X X X Return to “Choose Your Feud!”

  6. Question for Round 4 What are the most common expenses associated with food? 1) X X X X X X Food at the grocery store Meals at restaurants 2) X X X X X X Snacks away from home 3) X X X X X X Non-food kitchen supplies 4) X X X X X X X X X Return to “Choose Your Feud!”

  7. What are the most common types of unearned income? Question for Round 5 Scholarships/grants 1) X X X X X X Interest earned 5) X X X X X X Investment earnings Money from others 2) X X X X X X 6) X X X X X X Sales of assets Child support 3) X X X X X X 7) X X X X X X Money from savings and investments 4) X X X X X X X X X Return to “Choose Your Feud!”

  8. Question for Round 6 What are the most common expenses associated with communication and computers? Computer-related expenses 1) X X X X X X Telephone landline 5) X X X X X X Cell phone 2) X X X X X X Internet 3) X X X X X X Cable/satellite television 4) X X X X X X X X X Return to “Choose Your Feud!”

  9. Question for Round 7 What are the most common expenses associated with education? 1) X X X X X X Tuition Private lessons 2) X X X X X X Sports and organization fees 3) X X X X X X Educational supplies 4) X X X X X X X X X Return to “Choose Your Feud!”

  10. What are the most common expenses associated with pets? Question for Round 8 Grooming 1) X X X X X X Food 5) X X X X X X Toys Overnight stays 2) X X X X X X 6) X X X X X X Medicine 3) X X X X X X Veterinary services 4) X X X X X X X X X Return to “Choose Your Feud!”

  11. Question for Round 9 What are the most common expenses associated with clothing and personal care? Toothpaste/toothbrush Clothing 1) X X X X X X 5) X X X X X X Shampoo/conditioner Deodorant 2) X X X X X X 6) X X X X X X Hair cuts Laundry detergent 3) X X X X X X 7) X X X X X X Cosmetics Laundromat fees 4) X X X X X X 8) X X X X X X X X X Return to “Choose Your Feud!”

  12. Entertainment expenses Question for Round 10 Admission to events 1) X X X X X X Movies 5) X X X X X X Books/magazines 2) X X X X X X Vacations 3) X X X X X X Music 4) X X X X X X X X X Return to “Choose Your Feud!”

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