Budgeting Basics
aligned to General Ss.ms.9-12.1
Learning Objective
I can create a personal budget that tracks income, expenses, and savings.
Lesson Flow
Watch Video
Budgeting Basics!
Two Cents
Guided Notes
Key concepts students will learn:
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According to a 2016 Gallup poll, only 32% of couples keep a written budget of any kind.
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When creating a budget, it is important to categorize your expenses into 5 categories: Essentials, Security, Goals, Lifestyle, and Discretionary.
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To make your budget stick, you should write it down, update it, and use advanced technology such as budgeting apps.
Practice
12 questions • Multiple choice & Short answer
Exit Ticket
“Creating and sticking to a budget can be a challenge. One way to meet the challenge is to set a financial goal for yourself; something you want to spend money on that you can save towards. Set a big financial goal for yourself (how big is individual: is it for a new PlayStation, a car, or a house? Maybe it's for a new bike, or a top-of-the-line fishing rod. Any goal is a good goal!) and explain how you will save money towards meeting that goal.”
Teacher Guide
Get the complete package:
- Answer keys for all questions
- Differentiation strategies
- Extension activities
- Printable student handouts
