Guiding questions: 

  • What are your goals?
  • How will you stay on track?
  • How much do you need to save? 
  • What are expenses? 
  • How can you account for unexpected expenses? 

 

Content:

  • Budgeting “rules”
    • 50-30-20
    • 70-20-10
    • 60-30-10
  • Needs vs wants

 

Objective:

  • Prioritizing expenses
  • Planning

 

Vocabulary:

  • Assets
  • Expenses
  • Income
  • Liability
  • Net
  • Surplus

 

Activity: 

http://playspent.org - simulation game

https://playmoneymagic.com/game/start - other game

Additional resources: 

Personal budgeting template: https://tinyurl.com/fp99t97v - google sheet

Downloadable Slideshow:

https://tinyurl.com/5cdjzpmc 

Why Budget?

  04/22/2022

The first part of personal finance is budgeting. Budgeting is important because it ensures that you will always have enough money for the things you need and the things that are important to you. The first part of creating an efficient budget is identifyi...

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