LWEO

Chapter 2

Money to live on

Introduction to chapter 2
In this chapter you will do a lot of calculations. Calculating with percentages is central in this. You will need a perfect command of this in subjects such as economics and management and organisation (M&O). The theme of the second block of this chapter is ‘Dealing with money’. The Nibud distinguishes three categories of expenses: household expenses, fixed charges and reservations. By drawing up a budget you can see whether expenses are in accordance with the income. Apart from pocket money, teen jobs are the most important source of income for youngsters. It is provided by law that youngsters should at least be paid the minimum youth wage when they work. When talking about wage we distinguish between gross and net wages.
The following numeracy skills will be discussed:
– rounding off numbers
– calculating weighted and unweighted averages
– converting amounts from weeks to months and, quite extensively,
– calculating with percentages.

The building blocks in this chapter feature more difficult percentage calculations.
 
Links with chapter 2
What does a pupil earn?
Managing one’s own clothes budget.
Explanation about weighted and unweighted averages.
Welcome to the JIP-site (Youngsters Information Point).
Coolest teen job.