Financial Resources 50 Lessons Over Easy 1

Reflection: Planning to Move Graduation is just around the corner, and you are planning to move into your first apartment. Make a list of all the things you must do before your move in. Compare your list with a classmate to see if you may have forgotten anything and revise your list. 2

Finances Are the money family members earn and spend. A general rule for finances and housing is you should expect to spend 25to 35% of your income on housing. 3

Activity Counting Pennies 4

Items to Consider in Total Housing Costs 5

Rent or Mortgage Payment A payment for the purpose of renting or owning a property. 6

Insurance A payment that insures coverage over you if anything happened to your property. 7

Utilities Services that supply light, power, water, or other useful functions needed by a home owner or renter. Gas Water Electricity Telephone 8

Maintenance Care and repair of a home or equipment. Equipment Items that are used to keep up the functions of the home, such as, a lawn mower. 9

Supplies Things needed to keep up with the cleanliness and organization of a home. 10

Activity Show Me The Money 11

Worksheet: Financial Resources 12