Students work in pairs to participate in a “Track Star” game that illustrates positive and negative spending behaviors. Each pair analyzes the game results, identifies effective and ineffective budgeting behaviors, and generates a list of budgeting principles.

Objectives

Students will

• define budget, income, expenses, variable expenses, periodic expenses, and
  fixed expenses;
• give examples of effective and ineffective budgeting behavior;
• give examples of variable, fixed, and periodic expenses; and
• explain why some emergency savings is important when implementing good
  budgeting

Concepts

• Budget
• Expenses
• Fixed expenses
• Income
• Periodic expenses
• Variable expenses

Grade Level

Middle School – High School

Time Required

45 minutes

 
Whiteboard (SMART/notebook)
Whiteboard (ActivInspire/flipchart)
PowerPoint (pptx)