LESSON DESCRIPTION In this lesson, students will learn ways to become mindfully deliberate about their spending choices using the DECIDE process. They will use this model to help them with making a decision for a major spending purchase. Making spending decisions about how to use your money can be difficult. Sometimes you have to sacrifice … Continue reading Making Spending Decisions about Money
LESSON DESCRIPTION In this lesson, students learn to figure out their desired financial objectives by planning smart and effective financial goals that will help them achieve their goals. They will set financial goals that are specific, measurable, attainable, relevant, and time-bound. Many men and women invest, spend, invest, then wonder why they’re short of funds … Continue reading Planning Effective Financial Goals
LESSON DESCRIPTION In this lesson, students keep a log of all their spending for a period of time (day/week/month) to help identify their spending habits and patterns. How do you spend your money? Understanding your current spending patterns and habits will help you understand how to budget and better manage your money. Distribute the attached … Continue reading Spending Log
LESSON DESCRIPTION In this lesson, students learn to understand and identify what are their money habits. Every money decision you make either reinforces good or bad money habits. The first step toward creating good money habits is to first identify the money habits you currently have. Distribute the attached worksheet to students. They should first … Continue reading Understanding your Money Habits
Below are some budget lesson starters — printable worksheets to use with a teaching lesson introducing budgeting. Print both of the lessons below. Suggested Grade Level 4th – 6th Grade. Fourth Grade. Fifth Grade. Sixth Grade. Special education. Teens Teenagers Kids. Worksheet #1: PERSONAL BUDGETS – NEEDS WANTS Excerpt – Have you ever … Continue reading Starting a Budget Introduction
Students work in pairs to participate in a “Track Star” game that illustrates positive and negative spending behaviors. Each pair of students analyzes the “Track Star” results, identifies effective and ineffective budgeting behaviors, and generates a list of budgeting principles.
In the weeks prior to the start of the unit, students track their expenditures during a two-week period. In class, students create a group presentation about personal and financial goals. Individually, students identify four personal goals and describe the related financial goals. With financial goals in mind, students work in pairs to complete a budget … Continue reading Developing a Budget
This lesson begins with dispelling common myths about millionaires through the interactive “Millionaire Quiz.” Students then have an opportunity to give their opinions of wealth in a brainstorming activity that culminates in a formalizing of the definition of wealth through the equation of “assets – liabilities = net worth.” Using a variety of interactives, students … Continue reading Budget to Save—The Balance Sheet
In this lesson students learn about the costs of living on their own. Teaching Objectives: Set up a budget that includes rent, moving expenses, and the expenses associated with setting up a household Understand the rights and the legal responsibilities of a tenant Understand the rights and the legal responsibilities of a landlord Read and … Continue reading Living on you Own – Costs and Budgets
In this lesson students develop their own personal financial goals and budget.