5.0.33.G3

Financial Facts Feud for Income and

Expense Statement Lesson Plan 1.15.5

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 2Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

Team 2: Rounds WonTeam 2: Rounds Won

Exit Game

Round 1

Choose Your Feud!

Round 2

Round 3

Round 4

Round 5

Round 6

Round 7

Round 8

Round 9

Round 10

Team 1: Rounds WonTeam 1: Rounds Won

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 3Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

6) X X X X X X

5) X X X X X X

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X Housing payment (rent or

mortgage)Housing payment (rent or

mortgage)

Property taxesProperty taxes

Home or renters insuranceHome or renters insurance

UtilitiesUtilities

FurnishingsFurnishings

Maintenance/repairsMaintenance/repairs

Return to “Choose Your

Feud!”

Question for Round 1What are the most common expenses associated with housing?

What are the most common expenses associated with housing?

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 4Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

5) X X X X X X

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X Wages or salaryWages or salary

CommissionsCommissions

TipsTips

BonusesBonuses

Tax refundsTax refunds

Return to “Choose Your

Feud!”

Question for Round 2What are the most common types of earned income?What are the most common types of earned income?

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 5Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

6) X X X X X X

5) X X X X X X

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X Automobile paymentAutomobile payment

Automobile insuranceAutomobile insurance

FuelFuel

Automobile repairs and maintenance

Automobile repairs and maintenance

Automobile license and registration

Automobile license and registration

Public transportation fees

Public transportation fees

Return to “Choose Your

Feud!”

Question for Round 3What are the most common expenses associated with transportation?

What are the most common expenses associated with transportation?

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 6Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X Food at the grocery storeFood at the grocery store

Meals at restaurantsMeals at restaurants

Snacks away from homeSnacks away from home

Non-food kitchen suppliesNon-food kitchen supplies

Return to “Choose Your

Feud!”

Question for Round 4What are the most common expenses associated with food?

What are the most common expenses associated with food?

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 7Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

7) X X X X X X

6) X X X X X X

5) X X X X X X

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X Interest earnedInterest earned

Investment earningsInvestment earnings

Sales of assetsSales of assets

Money from savings and investments

Money from savings and investments

Scholarships/grantsScholarships/grants

Money from othersMoney from others

Child supportChild support

Return to “Choose Your

Feud!”

Question for Round 5What are the most common types of unearned income?

What are the most common types of unearned income?

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 8Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

5) X X X X X X

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X Telephone landlineTelephone landline

Cell phoneCell phone

InternetInternet

Cable/satellite televisionCable/satellite television

Computer-related expenses

Computer-related expenses

Return to “Choose Your

Feud!”

Question for Round 6What are the most common expenses associated with communication and computers?

What are the most common expenses associated with communication and computers?

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 9Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X TuitionTuition

Private lessonsPrivate lessons

Sports and organization feesSports and organization fees

Educational suppliesEducational supplies

Return to “Choose Your

Feud!”

Question for Round 7What are the most common expenses associated with education?

What are the most common expenses associated with education?

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 10Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

6) X X X X X X

5) X X X X X X

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X FoodFood

ToysToys

MedicineMedicine

Veterinary servicesVeterinary services

GroomingGrooming

Overnight staysOvernight stays

Return to “Choose Your

Feud!”

Question for Round 8What are the most common expenses associated with pets?

What are the most common expenses associated with pets?

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 11Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

8) X X X X X X

7) X X X X X X

6) X X X X X X

5) X X X X X X

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X ClothingClothing

Shampoo/conditionerShampoo/conditioner

Hair cutsHair cuts

CosmeticsCosmetics

Toothpaste/toothbrushToothpaste/toothbrush

DeodorantDeodorant

Laundry detergentLaundry detergent

Laundromat feesLaundromat fees

Return to “Choose Your

Feud!”

Question for Round 9What are the most common expenses associated with clothing and personal care?

What are the most common expenses associated with clothing and personal care?

5.0.33.G3

© Family Economics & Financial Education – May 2012 – Financial Facts Feud – Slide 12Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

5) X X X X X X

4) X X X X X X

3) X X X X X X

2) X X X X X X

1) X X X X X X MoviesMovies

Books/magazinesBooks/magazines

VacationsVacations

MusicMusic

Admission to eventsAdmission to events

Return to “Choose Your

Feud!”

Question for Round 10Entertainment expensesEntertainment expenses