Family+Matters

Now it's time for you to acquire your family--or maybe they acquire you??!? 

For the purpose of this game, let's determine how many children EACH of you has to raise.

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 project partner will earn each month after taxes will affect each of these budget expenses.  Next, add your family expenses to the budget spreadsheet with these joint decisions:
 * ** Family Decisions ** || ** Employed? ** || ** Budget Effect ** || ** Budget Items Affected ** ||
 * Project Partner...

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 project partner go to work OR to stay home with ALL the child(ren). ** || Full-Time || __Add to your Monthly Gross Income:__
 * $200** //discount for the __fourth__ child!//)
 * __Transportation Expenses...__
 * __Education Expenses....__
 * Project Partner income between $3,000-$3,400= technical degree**
 * Project Partner income between $3,550-$3,800= university degree**
 * __Savings/College Fund...__

Must purchase a home big enough for at least one master bedroom, one bedroom for your project partner, 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 (describes the entire household): __Include the following__:
 * || Part-Time || Cut project partner'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 project partner!
 * Include pictures of each family member or a group shot that represents your group.
 * Types and names of any pets & why you chose that pet(s);
 * Describe your life decisions for: 1) project partner going to work or staying home; 2) addition of pets.
 * Include specific details (cost savings and budget choices) about why your project partner is working full time, part time or not at all. Give a cost analysis for each scenario.