Create Your Semester Budget: Digital Worksheet

Activity Description

In this digital worksheet activity, students will embark on a practical journey of personal budgeting. They will engage in critical financial planning by setting both short-term and long-term goals, managing their income, categorizing expenses, and ultimately creating a semester budget that aligns with their financial objectives.

Key Elements of the Activity:

1. Goal Setting: Students will distinguish between short-term and long-term aspirations, laying the foundation for their budget.
2. Income Management: Students will detail their sources of income in a dedicated table
3. Expense Tracking: In another table, students will meticulously record their expenses, categorizing each expenditure to gain a deeper understanding of their spending habits.
4. Visual Insights: A visual chart will display expenses categorized by type

This activity is not automatically scored but is for students to practice budgeting.

Learning Objective

This hands-on exercise will guide students in setting clear financial goals, managing their income and expenses, and making informed decisions about saving for both short-term and long-term objectives.

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