Introduction
Good day everyone
In todays lesson we will be focussing on the difference between personal income and personal expense.
Please watch the video below to have a clear introduction of the lesson.
Task
Read the paragraph below and identify all Petrus's sources of income. Classify each source of income as fixed, variable or occasional.
Petrus has just started his first job and he earns a basic salary as a sales representative, and also receives allowances for cell phone and travel. He also gets paid commission every three months on the sales that he makes. He has started a small music band and he sometimes get asked to play at events such as birthday parties and weddings, where he negotiates his hourly fee.
Process
Look into these videos below to broaden your knowledge or to have clear understanding of the lesson introduced
Evaluation
Fixed - 2marks
Variable - 1mark
Occasional - 1 mark
Conclusion
It is important to monitor your income and expense every month, in order to manage your money carefully and plan your activities in such a way that you do not spent more money than you have and get into debts. It is also important to try to save money so that you can pay for unexpected expenses.
Credits
Teacher Page
For enquires please email:
219113548 Anathi Masangwana
Thank you for your participation.