Just in time for back-to-school: New distance learning resources are available on Wide Open School.
1 Introduction into Budgeting
Begin by talking about financial goals. Ask students what they see in their future. Do you want to go to college? Do you want a new laptop or car? Do you plan on living on your own after high school? How much money do you think you will be making?
Have students participate in a classroom discussion about what their financial goals are. What they think those things will cost and how will they pay for them.
2 How to Budget
Describe what a budget is and what is included in a budget. What is your take home pay. What expenses do you have. What is an emergency fund and how large should it be. Discuss 15 practical budgeting tips and 4 steps to learn how to budget. Describe a zero-based budget. Ask students to explain what income and expenses are. Give examples. Ask students explain what an emergency fund is and how much money should be in your emergency fund.
Have students go to websites:
3 Create a Budget
Have the students complete the Dave Ramsey Budget worksheet. Students may work in groups of 2.
Go this website and download the budget worksheet. Complete this worksheet using the income and expense numbers the teacher provided. May work in groups of 2.
4 Explore everydollar app
Have students explore the everydollar budgeting app. Each student will have an iPad as well as the teacher. The teacher lead the class while they explore the app. The teacher can use this time to discuss components of budgets and how they are created.
Use iPad's to download the everydollar app and explore the app. Ask any questions about budgets.