Introduce the topic by connecting everyday allowances to managing personal income. Emphasize what personal income is and why understanding it is critical for independence. Encourage students to think about how the lessons apply to real-life scenarios.

Explain different sources of income including earned, passive, and portfolio income. Use real-life examples and consider asking students if they know someone with diverse income sources.

Discuss the importance of budgeting. Highlight how budgeting helps in making informed spending decisions and plans for savings. Use a simple budgeting chart as an example.

Provide a practical budgeting example, demonstrating how to allocate income across different needs and priorities. Pose interactive questions about how students might allocate a hypothetical income.

Conclude with key takeaways. Invite students to share one financial habit they can start practicing immediately and how understanding income can impact their future planning.