Budgeting Lessons

/Budgeting Lessons
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Budgeting Lessons

**Want only activities on budgeting? View them here.

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In this lesson, students will be able to:

  • Describe different types of compensation and the relationship between gross and net income
  • Read a basic paycheck stub
  • Understand the major components of an independent adult’s budget
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In this lesson, students will be able to:

  • Recognize important factors to consider when deciding where to live and whether to have roommates
  • Identify steps to renting an apartment, the costs associated with renting, and reasons to invest in insurance
  • Research the cost of various utilities and make decisions about whether they’re necessary
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In this lesson, students will be able to:

  • Identify viable options to car ownership and the costs associated with these options
  • Conduct online research regarding the true cost of car ownership
  • Make decisions to budget effectively in order to meet their transportation needs
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In this lesson, students will be able to:

  • Implement strategies for saving money on groceries
  • Calculate unit price on common grocery items and use that as part of their decision making process
  • Plan a food budget that includes both groceries and dining out
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In this lesson, students will be able to:

  • Explain the direct and indirect links between physical health and financial health
  • Understand how health insurance works, what coverage options are available to young people, and what costs are associated with coverage
  • Budget appropriately not only for insurance but other items related to physical health and well being
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In this lesson, students will be able to:

  • Understand the basics of student loan repayment, including grace periods, interest, and loan status
  • Determine the link between monthly payment size and overall cost of the loan when choosing a repayment option
  • Explain the consequences of delinquency or default with regard to student loans
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In this lesson, students will be able to:

  • Describe the difference between budgetary needs and wants and how these change from person to person
  • Assess their own values in order to create a monthly budget for their discretionary spending
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