Materials List Chart paper Markers Computer lab (optional) How Spending Patterns Change Throughout Our Lives (Appendix A) Budget Journal Worksheet (Appendix B) Personal Budget Exemplar (Appendix C) Personal Budget Worksheet (Appendix D) Spreadsheet template or spreadsheet program (optional) Timing Lesson Sequence Assessment for and as (Mins.) Learning Opportunities (self/peer/teacher) MINDS ON 5–10 WHOLE CLASS Observations/Notes minutes Distribute worksheet, How Spending Patterns Change Throughout Our Lives (Appendix A). Brainstorming Ask students to compare various items that people are likely to spend money on at each stage of life (e.g., children, teenagers, young adults, adults and seniors). Ask volunteers to share their ideas by recording items on chart paper. Alternately, have volunteers write this information under life stage headings on the board. Explain that each life stage incurs different kinds of expenses. Emphasize the one factor common to all life stages: the need to control and analyze spending to ensure the income we bring in adequately covers our costs of living and other expenditures. Take a class poll to determine the number of students who consistently record or write down everything they spend money on. Additionally, ask if there are any students who already use a budget to help them control their spending. For those students who do track their spending, enquire about their process.
Materials List Chart paper Markers Computer lab (optional) How Spending Patterns Change Throughout Our Lives (Appendix A) Budget Journal Worksheet (Appendix B) Personal Budget Exemplar (Appendix C) Personal Budget Worksheet (Appendix D) Spreadsheet template or spreadsheet program (optional) Timing (Mins.) Lesson Sequence Assessment for and as Learning Opportunities (self/peer/teacher) MINDS ON 5–10 minutes WHOLE CLASS Distribute worksheet, How Spending Patterns Change Throughout Our Lives (Appendix A). Brainstorming Ask students to compare various items that people are likely to spend money on at each stage of life (e.g., children, teenagers, young adults, adults and seniors). Ask volunteers to share their ideas by recording items on chart paper. Alternately, have volunteers write this information under life stage headings on the board. Explain that each life stage incurs different kinds of expenses. Emphasize the one factor common to all life stages: the need to control and analyze spending to ensure the income we bring in adequately covers our costs of living and other expenditures. Take a class poll to determine the number of students who consistently record or write down everything they spend money on. Additionally, ask if there are any students who already use a budget to help them control their spending. For those students who do track their spending, enquire about their process. Observations/Notes
Personal-Budgeting-101.docx