In Round 1, students learn to allocate their "20 bean salary" according …
In Round 1, students learn to allocate their "20 bean salary" according to which options they want to spend their beans on. Round 2 forces the students to reduce their salary to 13 beans and make decisions about where they should make their "cuts". Round 3 includes some "life happens" challenges that allow students to make more decisions on where to move the beans in order to deal with the situations. This activity completes with some reflection questions on how this activity relates to budgeting with real income.
This activity contains three case studies which allow students to evaluate situations …
This activity contains three case studies which allow students to evaluate situations that are considered when budgeting. The students will create budgets for the individuals in the cases as part of this assignment.
This activity uses mini cases to help develop some problem- solving skills in relation to budgeting. Situational analysis allows students to role play and help the person in the case figure out how to budget and deal with their financial decisions. Cases allow for students to role play in real life scenarios that they may experience in their future.
This is a full project that can be used in to meet …
This is a full project that can be used in to meet standards around budgeting and money management. This usually takes the students about 5 hours to complete and it is very comprehensive to cover all future spending. The assignment requires the students to "screenshot" proof of items they found for their budget (and support each item with evidence). Students really enjoy this project (and adults have used it too for budgeting in real life!). Students may chose to have $0 spending on some items (pets, legal, etc.), but they should explain their reasoning for entering a zero. As well, students should enter savings into their budget (at least 10% of earnings).
Students use their emerging writing skills to write shopping lists. They work …
Students use their emerging writing skills to write shopping lists. They work within a budget, use problem-solving skills to create lists, and buy their favorite treats at the class store.
"Future Ready: Financial Literacy" is an educational resource that introduces the importance …
"Future Ready: Financial Literacy" is an educational resource that introduces the importance of financial literacy and provides an overview of key concepts such as savings accounts, types of interest, and financial planning. It aims to equip learners with the knowledge and skills needed to make informed financial decisions, manage money effectively, and build a secure financial future.
This lesson focuses on developing basic money management skills for adults. The …
This lesson focuses on developing basic money management skills for adults. The specific time focus for these skills is on multiple months to years. The intended audience is for adults ages 18 and above.The lesson will include elements of reading and writing and listening, and will focus on authentic texts, videos, facts and figures cited from expert research and reports.This lesson will help learners comprehend different money management skills, and help them to understand how to apply them in a long term timeframe.These skills can be used in both a personal sense as well as for business.
This booklet contains 7 chapters on topics related to how to earn, …
This booklet contains 7 chapters on topics related to how to earn, save, budget, spend, borrow, protect and give money. Whether you get a weekly allowance or get paid for walking your neighbor’s dog, your first step in handling your money well is to think about short-term and long-term goals. Then make a plan to reach them. It takes a bit of practice to master your money, just like it takes time to learn to ride a bike. But once you get the hang of it, you’ll be ready to tackle all sorts of money twists and turns.
This lesson Plan is for Financial Literacy and Budget Planning. The Standards …
This lesson Plan is for Financial Literacy and Budget Planning. The Standards were not listed in the Resource section so they are as follows: Analyze the role of cultural, social, and emotional influences on financial behavior. Evaluate the role of emotions, attitudes and behavior in making financial decisions. Recognize that individuals are responsible for their own financial decisions and for subsequent positive and negative consequences. Define a rational decision-making process and the steps of financial planning. Define opportunity cost (tradeoffs) and their role in decision making. Describe a rational decision - making process. Identify short- and long-term financial decisions and the impact they have on financial planning. Define the elements of a financial plan. Standard 1Identify and explain the process of budgeting based on calculated income. Develop a budget. Identify and prioritize fixed, fixed variable and variable budget categories.
The Image for this Budget Planner was created by Sharon Pinkerton.
This task allows the students to create a family’s cash flow budget …
This task allows the students to create a family’s cash flow budget based on their current situation, analyze strengths, weaknesses, opportunities, and threats to their household budget, and give the family some financial advice.
The assignment also asked the students various planning questions regarding family budgets, events that affect the budget and variables to consider when a household plans their budgets.
At the most basic level, a budget is a way to keep …
At the most basic level, a budget is a way to keep track of the money you are getting and the money you are spending. A budget is a great way to make sure that you can cover your expenses from month to month.
If you have a set income that you use to cover your expenses, chances are, making a budget is the right choice for you.
Students connect their future career choices and decisions with budgeting practice and …
Students connect their future career choices and decisions with budgeting practice and identifying the type of lifestyle they will be able to live based on their career choices.
Course Description: This course will assist learners to find the math that …
Course Description: This course will assist learners to find the math that is used in the real-world. Learners will learn how to solve real-life problems using mathematical stills they will acquire as they work through these lessons. By the end of this course, learners will be able to design their own project and discuss the math in it with their classmates.
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