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Focus High School Economics: Lesson 1- Budget Tradeoffs Ms. Ramos Alta Loma High School.

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1 Focus High School Economics: Lesson 1- Budget Tradeoffs Ms. Ramos Alta Loma High School

2 Objectives Analyze tradeoffs involved in making decisions Analyze consequences of a choice and determine when those consequences occur Ms. Ramos

3 Budget Tradeoffs Ms. Ramos

4 On your own, complete a monthly budget Income $2,100 Create your own budget in Month 1 Taxes, housing, car, & insurance CANNOT be changed “Our Constitution is in actual operation; everything appears to promise that it will last; but in this world nothing is certain but death and taxes.” –Benjamin Franklin Two blank lines for your additions Ms. Ramos

5 Warm up Ms. Ramos

6 Welcome to LIFE! You have an unexpected dental bill of $400. Your dental insurance covers 80%. You owe the dentist ____ Your washing machine needs repairs too. It will cost $60. Adjust your budget in the month two column to reflect these costs. Ms. Ramos

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