Lesson Plan

Lesson Plan

Introduce 7th graders to budgeting by teaching them to create a simple budget, understand saving, and make informed financial decisions.

Financial literacy is a key life skill that empowers students to manage money, build savings, and make smart spending choices from an early age.

Audience

Time

Approach

Materials

Prep

Preparation

10 minutes

Step 1

Introduction & Presentation

10 minutes

Step 2

Group Activity - Create a Budget

10 minutes

Step 3

Discussion & Reflection

5 minutes

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Slide Deck

Welcome to Budgeting Basics

Introduce the topic of budgeting. Explain what a budget is and why it's important. Engage students by asking if they've ever saved up for something.

What is a Budget?

Discuss the main components of a budget. Use simple examples like allowance and small expenses to make it relatable.

Understanding Income

Explain sources of income and give relatable examples (e.g., allowance, chores reward). Ask students to brainstorm other possible sources.

Understanding Expenses

Describe common expenses with everyday examples (snacks, school supplies). Emphasize making choices about spending.

Understanding Savings

Define savings and its importance. Discuss how saving helps achieve future goals and weather unexpected expenses.

Budgeting Recap & Activity

Summarize key points of the presentation. Encourage students to think about how they might create a budget in their life. Transition to the group activity seamlessly.

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Worksheet

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Discussion

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Money Matters: Budgeting Basics

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Linda Beard

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