Analyzing John's Budget
Activity Description
Students will use this interactive worksheet to understand the monthly budget of a hypothetical person Mr. John. Through hands-on activities, they will learn to categorize expenses, interpret a doughnut chart representing spending patterns, and critically evaluate John's financial situation.
Students will also understand short and long-term goals, how to fit savings plans into a budget etc.
This activity aims to enhance students' financial literacy and budgeting skills, equipping them with valuable life skills for making informed financial decisions.
Learning Objective
This activity is designed to help students develop the skills necessary to analyze a budget effectively. The primary objectives are to teach students how to categorize expenses into relevant categories, interpret visual representations like doughnut charts to understand spending patterns, and critically assess an individual's financial situation.
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