Lesson Plan

Budget Basics Plan

Students will learn to categorize income and expenses, distinguish needs vs. wants, and create a balanced monthly budget using a template. They will apply these skills through a hands-on simulation and reflect on their money choices.

Understanding budgeting and saving empowers students for financial independence in school and future workplaces. This foundational practice builds lifelong money-management habits.

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Time

Approach

Materials

Prep

Prepare Materials and Review Content

10 minutes

Step 1

Introduction

5 minutes

Step 2

Slide Presentation

10 minutes

Step 3

Budget Simulation

20 minutes

Step 4

Worksheet Completion

10 minutes

Step 5

Cool-Down and Reflection

5 minutes

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Slide Deck

Money Matters

What Is Income?

What Is an Expense?

Needs vs. Wants

Balancing a Budget

Budget Planning Steps

Example Budget Scenario

Your Turn: Simulation Prep

Reflection

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Activity

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Worksheet

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Cool Down

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Money Matters

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Austin Horn

Tier 1
For Schools
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