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Tracking income for a farming family


Using a case study about a farming family, students calculate weekly and 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?


  • 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 a farming family” worksheet to calculate weekly and monthly net income and to explore how net income changes as a result of irregular income.

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Teacher guide


Student materials


Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.

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