Tracking income for an artist family
Using a case study about a family of artists, students calculate monthly net income and explore the impact of having irregular income.
Big idea
Knowing your monthly net income is helpful when creating and managing a budget.
Essential questions
- How does having a clear picture of monthly net income help you plan ahead and make and follow a budget?
- How does irregular income affect monthly net income?
Objectives
- Recognize different sources of income
- Use a financial tracker to organize income
- Begin to understand how monthly net income can vary due to irregular income
What students will do
- Learn key terms related to income.
- Use the “Tracking income for an artist family” worksheet to calculate weekly and monthly net income and explore how net income changes as a result of irregular income.
Download activity
Teacher guide
cfpb_building_block_activities_tracking-income-artist-family_guide.pdf
Student materials
cfpb_building_block_activities_tracking-income-artist-family_worksheet.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.