Example 1: Estimated total income for a teenager for a four-month period Deirdre Fearon
Jan
Planned income Pocket money Birthday
Babysitting Total income Feb 50 Mar 50 60 110 60 110
100 60
210 Apr 50
Total
€ €€€ € 50
60 110
200 100 240 540
To get the estimated total income for a month, add up money that will be received that month. For example, in January €50 pocket money and €60 babysitting money adds up to an estimated total income of €110 for that month.
Using Deirdre’s income record, identify: 1. Her regular income. 2. Her irregular income. 3. The month when her income will be greatest.
Example 2: Estimated total income for a family for a four-month period Ryan family
Jan
Planned income Salary: Grainne Salary: Don Bonus
Child Benefit Total income
2,000 420 5,420 Feb
3,000 2,000
420 5,420
Using the Ryan family’s income record, identify: 1. Their regular income. 2. Their irregular income. 3. The month when their income will be greatest.
Personal income diary A
Go to page 6 of your Activities and Accounts Book to plan a personal income diary for the month ahead and to consider some more examples of individual and household income.
Recording income A
Go to page 6 of your Activities and Accounts Book to consider and complete more income records.