Name: ______________________________________ Nickname: ______________________

Class: Grade 8 – Social Studies Date: ________________

Activity #1: Annual and Monthly Budgeting

I. Analyze and solve the following word problems in the best of your ability. Show your solutions.

1. Gino has a yearly salary of ฿390,000. How much money does Gino make per month?

2. Gino’s rent is ฿12,500 and his utility bills (water, heat, electric) are $1,200 each month.
After these fixed expenses, how much will Gino have left for the month?

3. Gino has to pay car insurance (฿4,500) and his phone and cable/internet bill (฿599) as well.
How much does he have left?

4. Gino would like to set aside ฿500 per week for groceries. There are about 4 weeks in a
month. How much does Gino spend grocery shopping per month?

5. After all this, how much is the total of Gino’s previous expenses?

Monthly income – Total expense = ___________________

Indicators: SO 3.1 G. 8/1 Analyze the factors affecting investment and saving