Title: Develop a personal income and expense plan.
Course: GRADS: Family Focus (19905-18) > Section: Managing Economic Resources and Expenditures

Development should include

- distinguishing between needs and wants
- identifying factors that affect spending
- developing a financial plan
- identifying resources and ways to cope with financial crises.

Process/Skill Questions

Thinking

- How would you describe your spending patterns?
- What influences your spending?
- What spending habits would you like to change?
- Which of the goods and services you purchase would you consider to be needs? Which would you consider to be wants?

Communication

- What resources are available to help you develop a financial plan?

Leadership

- What are various options for coping with a financial crisis?
- What are the short- and long-term consequences of coping with a financial crisis?

Management

- What are the consequences of having or not having a spending plan?
- How can impulse-buying affect your money management?