Networks Personal Finance Activity cont.
A Living Wage
1. What was your greatest monthly expenditure on your projected income?
2. If you had trouble finding money to cover all your expenses, which category of expenses do you
think you would most likely cut back on to live within your budget?
3. How much less did you calculate that someone living on a poverty-line income would be able to
spend only on the necessities of living (rent, food, heat, electricity, some clothing, possibly a
telephone)?
4. If a working person had a poverty line income, which categories of expenditures do you think he or
she would have to give up in order to have the necessities of life?