Just like a personal budget, the balance of payments uses the sources of funds and uses of funds to track the movement of money. For this article, we use a young wizard's budget to make the balance of payments more relatable. This...

As a part of the study of personal economics, students will research a career, costs of rent, insurance, food, transportation, etc. and prepare a monthly budget based on their research.

This is an elementary level activity that deals with spending, saving, income, and interest. Requires the book Kermit the Hermit by Bill Peet. Includes detailed lesson plan along with procedures and activities.