Lesson 5: Creating a Budget
Students define and discuss concepts of income and expense, figure out monthly take home pay, keep track of their spending for one month, identify at least ten categories of expenses, and develop budgets to prevent falling into debt.
11th - Higher Ed Math 41 Views 101 Downloads
Debt Elimination - Power Tools for Building Wealth
What does it mean to be wealthy? Your learners will consider how carrying debt affects budgeting, and learn about the debt snowball strategy and how is it used in the concept of eliminating debt in order to build wealth.
10th - 12th Math CCSS: Adaptable
Becoming a Wise Consumer: Creating a Budget
Can your teenagers afford their lifestyle choices? After they've learned about unit pricing (this lesson is linked), a personal budgeting activity has learners track their spending for an entire week. Groups begin by defining needs and...
7th - 12th Math CCSS: Designed
Economics Budget Project
Check out this traditional economics project on budgeting for its great additional materials, which include samples as to how learners can write proper goal/income/expenditure/balanced budget analyses, as well as an Excel spreadsheet...
11th - 12th Social Studies & History CCSS: Adaptable