Monthly Budget
Instructions

Contributed by: Janine Ransom janransom@hotmail.com

The girls will be in groups of 2 or 3. They will have 5 minutes to decide how to spend their money for the month from the budget sheets received. They will flip a coin as each scenario is put forward to see if they spend the money or not. If any of the groups run out of money before the end of the questions they need to approach the Bishop for help.

Note: The Bishop should be notified ahead of time about this lesson and be prepared to explain the process quickly. This will help the girls understand humility if they are careless with their money and the ability of the church to help with suggestions of where they went wrong and what types of help are available.

The month of January

  1. All of the stores are having after Christmas sales on clothing styles that you have had your eye on for weeks. The total cost is $150.00
  2. You want to have company over for dinner but you don’t have the ingredients that you want to prepare. The total cost is $40.00.
  3. All of your friends are going to the latest hot movie and you would like to go. The total cost is $20.00
  4. You (or your spouse) do some extra work. The total income is $75.00.
  5. If you have children, you have to take them to the dentist. The cost after your dental plan is $30.00 per child
  6. If you are single, you have joined a dating club. The monthly cost is $50.00.
  7. You are out of milk and bread in the house. The total cost is $10.00 per person in the house.
  8. Your mother sent a care package with $20.00 for you to spend as you wish.
  9. You have the opportunity to buy a good second hand car. The down payment is only $300.00 and the monthly payment is $150.00.
  10. If you have children, they have brought home a stray kitten. The vet costs are $100.00.
  11. If you don’t have children, you get lonely and decide to buy a dog. The vet costs are $150.00.
  12. You baby-sit for a friend and receive $20.00
  13. Students, you (or your spouse or children) can get extra credit if you finish an extra assignment. The cost of materials for this assignment is $25.00 per student.
  14. You are going to a job interview and you need new clothes. The cost is $80.00.
  15. You want to join a book club. The cost is $10.00.
  16. If you are married, it is your anniversary. Your present cost 2% of your income. Janet’s is $25.00 and Suzie’s is $60.00.
  17. If you got a car in question 9 it needs to be maintained. The cost is $150.00.
  18. If you didn’t get a car in question 9 you need to buy a bus pass. The cost is $70.00.
  19. Everyone in the house needs new shoes. The cost is $40.00 per person.
  20. You need to do your mid month grocery shopping. The cost is $50 per person in the house.

Married
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Widowed Mother With One Child


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