Homework Project Weeks 5 and 6

Carrying on from some of the work that we have done looking at money in class, I have decided to give you a homework project that will allow you to explore budgeting in the real world.

WALHT: create a budget based upon needs and wants

Imagine that you have been given $10,000 (ten thousand NZ dollars) to create your dream bedroom. What would you spend that money on? I want you to prepare a budget of what you would spend the money on, and order what you purchase according to necessity. A bed is a necessity in a bedroom, so that has been put at the top of the list. The next most important thing is the TV, then the laptop bundle. This has been put in the order of needs and wants.

Present this information in a table like the one below complete with the price to show that you can work with a budget :

Bed	$500 (estimate)
TV	$300
Laptop bundle deal from Noel Leemings	$1,150
Total spent	$1,950

Success Criteria:

·         Create a budget based upon needs and wants

·         Stay within the $10,000 limit

·         Order your ‘purchases’ based upon need

·         Research the cost of items you want to purchase

·         Estimate the cost of items you want to purchase

You have two weeks to complete this project. It is due on the 9^th of March
Happy imaginary shopping!