Financial Literacy

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As students begin to earn money, it is important that they develop budgeting skills in order to be fiscally responsible. This project allows students to consider their personal interactions with money and then create a budget for managing their money. Students will learn the value of the dollar and how to save for future expenses.

  • Suggested Age Group: Teens, Adults
  • Suggested Number of Volunteers: 1 -
  • Skill Level: Moderate
  • Prep Time: no prep time specified
  • Activity Time: no activity time specified
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Materials

Materials Needed:

  • Sample Monthly Budget
  • Personal Monthly Budget
  • Calculators (optional)

Directions

Objectives

  • Students will identify sources of income
  • Students will identify expenses
  • Students will distinguish between a need and a want
  • Students will create a personal budget
  • Students will assess their personal spending and saving  

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