Family+Matters

Now it's time for you to acquire your family--or maybe they acquire you??!?  First, you need a partner to help you on the road of life. For the purpose of this game, let's assume you had a happy wedding at the age of 25!! Now, how many children will you have??

Click this link to "Roll the dice" and find out! (We will do this in class and record the results for each student--no second rolls!!!!)
 * Roll the Dice of Life **

Complete the Family Budget Decisions Worksheet (below). Consider how the number of children you have AND how much money your spouse will earn each month after taxes will affect each of these budget expenses.  Next, add your family expenses to the budget spreadsheet with these family decisions:
 * ** Family Decisions ** || ** Employed? ** || ** Budget Effect ** || ** Budget Items Affected ** ||
 * Spouse (husband or wife)...

Roll Dice-- (we will do this in class) 1 = $3,100 2 = $3,250 3 = $3,400 4 = $3,550 5 = $3,700 6 = $3,800 || * __Child Care Expenses...__ Must pay child care amount for EACH child (**$800** //for first child// and **$400** //per additional child per month;// Must purchase 2 cars (double your car expense OR find 2 separate cars and include cost for each) Double your education expenses-- Must save a minimum of $50 per child for college
 * Depending on how many children you have, **
 * you must decide if it is better to have your spouse go to work OR to stay home with your child(ren). ** || Full-Time || __Add to your Monthly Gross Income:__
 * $200** //discount for the __fourth__ child!//)
 * __Transportation Expenses...__
 * __Education Expenses....__
 * Spouse income between $3,000-$3,400= technical degree**
 * Spouse income between $3,550-$3,800= university degree**
 * __Savings/College Fund...__

Must purchase a home big enough for at least one master bedroom and at least 1 bedroom for every 2 kids. || Must save a minimum of $30 per child for college || (or other small pet) || Yes How many? || Add $30 per month under "Miscellaneous" Expenses for EACH Pet || Deduct $20 **//per child//** for health care co-pays for the __first pet__ and $10 each child __for additional pets__. (since pets help keep kids happy & healthier) || Now add your family information to your Google Slideshow Presentation, Slide #4: __Include the following__:
 * || Part-Time || Cut spouse's salary in half || * Cut child care expenses in half
 * Still need to double Transportation & Education Expenses
 * __Savings/College Fund...__
 * || No || Do NOT add any $ to your gross income || * No child care expenses;
 * No additional transportation expenses (only need 1 car for the family);
 * No additional education expenses
 * MUST save $20 per child for college ||
 * Get a Dog or Cat?
 * Get a Dog or Cat?
 * || No || No added expense || Unhappy kids and no deduction for health care ||
 * Names, genders and ages of all children life has given you...and your spouse!
 * Include pictures of each family member or a group shot that represents your family.
 * Types and names of any family pets & why you chose that pet(s);
 * Describe your life decisions for: 1) spouse going to work or staying home; 2) addition of pets.
 * Include specific details (cost savings and budget choices) about why your spouse is working full time, part time or not at all. Give a cost analysis for each scenario.