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  • 11T1W2 The Household Budget (1-3)

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    Ciara Chimanga
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    This document provides information about household budgets in South Africa. It begins with an overview of sources of income and expenditures. It then discusses what a budget is and the goals of creating a budget, such as gaining a sense of control over finances and indicating spending patterns. The document outlines the steps to create a budget, including assessing needs and goals, listing income and expenses, and calculating the difference to evaluate the budget. It concludes with a case study of a household's budget and asks questions about additional expenses to budget for and how to afford unexpected costs.

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    Consumer studies notes.

    Original Title

    11T1W2 The household budget (1-3)

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    This document provides information about household budgets in South Africa. It begins with an overview of sources of income and expenditures. It then discusses what a budget is and the goals of creating a budget, such as gaining a sense of control over finances and indicating spending patterns. The document outlines the steps to create a budget, including assessing needs and goals, listing income and expenses, and calculating the difference to evaluate the budget. It concludes with a case study of a household's budget and asks questions about additional expenses to budget for and how to afford unexpected costs.

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    © All Rights Reserved
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    3 views10 pages

    11T1W2 The Household Budget (1-3)

    Uploaded by

    Ciara Chimanga
    This document provides information about household budgets in South Africa. It begins with an overview of sources of income and expenditures. It then discusses what a budget is and the goals of creating a budget, such as gaining a sense of control over finances and indicating spending patterns. The document outlines the steps to create a budget, including assessing needs and goals, listing income and expenses, and calculating the difference to evaluate the budget. It concludes with a case study of a household's budget and asks questions about additional expenses to budget for and how to afford unexpected costs.

    Copyright:

    © All Rights Reserved
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    of 10

    1

    THE CONSUMER
    The household budget /
    Huishoudelike begroting

    Grade 11 Term 1 Week 2 (1-3)

    Compiled by Adri Koekemoer


    2

    Compiled by Adri Koekemoer

    Recap
    Sources of income Expenditures

    Briefly comment on the spending patterns of South African households.


    3

    What is a BUDGET? / Wat is ‘n


    begroting?

    What do you think


    this term means???
    4

    A Budget is... / ‘n Begroting is…

    An estimate of ‘n Skatting van


    income and inkomste en
    uitgawes vir ‘n
    spending
    vaste tydperk
    for a set period
    of time.
    5

    The household budget as an instrument for Compiled by Adri


    Koekemoer

    managing financial resources / Hoe


    begroting finansiele bronne kan beheer
    By preparing a budget one can: Om te begroot kan jy:
    • plan better for personal • beplan vir persoonlike en
    and/or family goals. gesinsdoelwitte
    • determine ones income. • bepaal jou eie inkomste
    • plan expenditures or how the • beplan uitgawes en hoe om dit
    money is to be spent and te verminder
    reduce expenses. • beplan besparing vir toekoms
    • plan for the future (savings). • lewe binne jou begroting
    • live within ones means.
    6

    Goals or aims of budgeting / Compiled by Adri


    Koekemoer

    Doelwitte van begroting

    • Gives a sense of • Gee gevoel van beheer


    control • Gee aanduiding van
    • Gives an indication of jou eie of jou gesin se
    your own or your besteding
    family’s spending • Help met beplanning
    patterns.
    • Help with planning
    7

    Steps in planning budget / Stappe van


    begroting opstel

    • Preparing for unexpected incidents


    • Control and record spending
    1. Assess needs and goals / Evalueer behoeftes en doelwitte
    What do you want to achieve? Short- & long term
    2. List income / Lys inkomste
    How much do you have for spending/ saving?
    3. Estimate expenses / Lys geskatte uitgawes
    List all expenses and prioritise
    4. Calculate the difference and evaluate / Bereken verskil en
    evalueer
    Make changes to ensure that expenses are not more
    than the income
    8

    Case study / Gevallestudie Saamgestel deur Adri


    Koekemoer

    Jan Verkuil earns R14200 per Jan Verkuil verdien R14200 ‘n


    month; his wife Bessie does clothing maand. Sy vrou Bessie doen
    alterations, this gives her a profit of verstellings en dit gee haar ‘n wins
    about R1500 per month. van omtrent R1500 per maand.
    Their expenses include the following: Hulle uitgawes is soos volg: R5000
    huur, R3000 kos, R1000 petrol,
    R5000 rent; R3000 food; R1000
    R870 tuindienste, R1500 huishulp,
    fuel; R870 garden services; R1500
    R2000 kerkpligte.
    household help; R2000 church tides.
    1. Watter ander addisionele
    1. What other additional expenses uitgawes moet hulle voor
    should they budget for? begroot?
    2. Jan het ‘n slaggat geslaan en
    2. Jan hit a pothole and has to fix moet die as van sy motor vervang
    the axel and replace two tyres. en twee bande. Maak voorstelle
    hoe hy die onvoorsiene uitgawe
    Make suggestions on how they sal kan bekostig.
    will be able to afford these
    unexpected expenses.
    9
    Answers / Antwoorde Saamgestel deur Adri
    Koekemoer

    1. Water and Electricity, School


    fees, Policies, Medical Aid,
    10

    For the next lesson…

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