Student Name: ____________________________ Due date: _____/_____/______

Year 8 Economics and Business

Assessment: Preparing a Budget
MODIFIED

Learning Intention

To understand how to create simple holiday budget

Success Criteria

You can identify sources of income (money in) and expenses (money out)
Calculate savings using a budget template
Evaluate your spending

Inquiry Question: How could I achieve my holiday spending goals?

You are to pretend you have been given $1200 to spend over the Christmas holidays! You
are to spend $400/week for 3 weeks.

What will you do with the money?

1. You must pay your share of the bills and food (see below).
2. You can only spend $400/week.
3. If you have any savings left in the last week, you can spend all of it that week.
4. You must do one activity each week. You need to include proof that you have
checked the price for that activity. For example, print the price page from the internet.

5. You might buy presents for Christmas for your family.

6. You must complete a budget in Excel for each week, showing the money coming in
and the money going out.
7. Use the template below to assist you. Happy spending!