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.
Audience
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

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

Activity


Worksheet


Cool Down

