Activity 1 Calculate your costs Guidelines to implement this activity
Learner’s Book page 66
• This is an individual activity. • Tell the learners that all expenses must be divided by two because they will be sharing expenses with a friend.
• Answers will differ, but make sure the expense amounts are realistic. • A suggested layout is given in the following work sheet:
Income
Minus expenses Rent Water and electricity Food
Amount available for savings/investment Background knowledge Learners need to be familiar with different types of expenses.
Suggested answers 1 Answers will differ. As long as the layout is Income (R9 000) minus Expenses (this will differ and amounts will differ) = Surplus (amount available for savings/ investments).
Make sure expense amounts are realistic. üüüü
2 Savings at any financial institutions such as ABSA, Capitec, and so on. üü Investments at any financial institution such as fixed deposit or unit trusts, and so on.
Assessment guidelines
• This activity is intended for informal assessment. • Use the checklist below to assess learners. Give learners feedback on their performance to prepare them for formal assessment.
Criteria
The learner(s): y followed the instructions in the Learner’s Book and understood what to do y calculated the expenses to be paid out per month y understood Income minus Expenses = Surplus (for saving/investment)
Yes Partly No (4) (2) Total: 6 marks
Month 1 R9 000
56 Term 2: Financial literacy
9780199052050_OS_Economics_7_TG_CAPS2017.indb 56 11/29/17 9:02 AM
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