3.1 Average Monthly Expenditures

3.1 Average Monthly Expenditures

Vocabulary

• Recordkeeping- is a way for you to manage your money

• Expenditures- items you spend money on

• Budget sheet- sheet you record expenses and income on

• Living expenses- amounts for food, utilities, and pocket money

• Budget- plan for using your money

Example 1

• Selena and Trent keep records of their expenditures. See figure 1 on page 158.

• What is their average monthly electric bill?

• (Hint: Add them up and divide by 3)

• (121.47 + 153.56 + 125.88) / 3

• $133.64

Homework:

• page 159

• #5-14, 17,18,20-25

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