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Create Your Semester Budget: Digital Worksheet
New Activity (No Ratings Yet)
- Price per Classroom$3.00
- Grade Levels 7, 8, 9, 10
- Topics Budgeting
- Duration 30 Minutes
- Auto Scored? Yes
- Teacher Evaluation Needed? No
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:
- Goal Setting: Students will distinguish between short-term and long-term aspirations, laying the foundation for their budget.
- Income Management: Students will detail their sources of income in a dedicated table
- Expense Tracking: In another table, students will meticulously record their expenses, categorizing each expenditure to gain a deeper understanding of their spending habits.
- 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.
Teacher Tips
Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).
- Price per Classroom$3.00
- Grade Levels 7, 8, 9, 10
- Topics Budgeting
- Duration 30 Minutes
- Auto Scored? Yes
- Teacher Evaluation Needed? No
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Students will know that A budget helps people achieve their financial goals by allocating income to necessary and desired spending, saving, and philanthropy .. Students will use this knowledge to 12-1a . Identify their short-term and long-term financial goals . 12-1b . Develop a budget to allocate current income to necessary and desired spending, including estimates for both fixed and variable expenses . 12-1c . Explain methods for adjusting a budget for unexpected expenses or emergencies . 12-1d . Evaluate the advantages of using budgeting tools, such as spreadsheets or apps .
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