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Developing a budget
Set a time-frame (weekly, fortnightly, monthly).
Estimate your income.
Estimate all ‘incoming’ money, including wages from a job, pocket money, and cash gifts, such as birthday money.
Estimate required expenses.
These are bills you have to pay, such as taxes, mobile phone costs, transport costs, if you can, you should get into the habit of ‘paying yourself first’ which means including an amount to save.
Estimate discretionary expenses.…
How toGeneral resourcesThe budget – Sliced, diced and visualised
The budget – Sliced and diced and visualised
Linked activity:
Tax spending
InteractiveEconomics & BusinessYear 10Setting up your myGov account
What is myGov?
A myGov account lets you link to a range of Australian Government services with one username and password. You can use myGov to do things like lodge your tax return, look for a job, make Medicare claims, manage your Centrelink and check your super. You can also receive messages in your myGov Inbox from the government agencies you link your myGov account to.
What do you need before you start creating the account?
A computer or…
How toGeneral resourcesTax systems and transparency
Explore the relationship between tax systems, levels of tax revenue and the role of government in different countries.Work in pairs to complete part 1 and 2 of this worksheet. Complete part 3 for homework.BackgroundThere are a number of organisations that provide statistical, economic and social data on the different countries around the world. Australia is a member of 2 of these organisations, theOrganisation for Economic Co-operation and…
InvestigationCivics & CitizenshipYear 10