Spending Story Lesson Plan
Students will track and categorize their real-life spending over a week and analyze patterns to understand budgeting basics and set informed saving goals.
This lesson builds foundational money management skills by connecting students’ everyday spending to budgeting concepts, promoting responsible financial behavior early on.
Hands-on tracking and group discussion.
Prep
Prepare Materials
10 minutes
- Ask students to brainstorm common expenses they incur in a week (e.g., food, transport, entertainment).
- Display the My Week of Spending Slides to introduce spending categories and examples.
- Invite a few students to share recent purchases aloud to connect personal experience to categories.
Step 2
Main Activity
25 minutes
- Distribute the Spending Log & Reflection to each student.
- Instruct students to record every expense from the past week or estimate based on memory/receipts.
- Have students total amounts per category and note which category they spent the most in.
- Circulate to answer questions and prompt deeper thinking (e.g., "Why did you spend more on this category?").
Step 3
Reflection & Discussion
10 minutes
- Facilitate a class discussion: What spending habit surprised you the most?
- Ask volunteers to share one insight and one category they’d like to reduce spending in.
- Guide students to set one short-term saving goal based on their spending log.
- Collect or have students save their worksheets for future reference and goal tracking.
