Title: Money "Matters" (Budgeting the Family Income)

Grade Level(s): 9-12

Subjects: Math, Family and Consumer Science (FACS), Technology, Business, English

Learner Outcomes:

• Students will be able to identify the benefits of a making a budget. Personal Budget Tips- Budgeting 101.
• Students will become aware of the categories in a family budget. salary range cards and situation cards,
• Students will be able to complete an estimated budget for a family of four.
• Students will be able to complete an actual budget for a family of four. Budget for Students to Complete
• Students will be able to compare their budget to a Recommended Guideline Budget.

                          3 - 4 Days (45 minute classes)

Materials:

• Protractor (if doing the enrichment activity)
• Appropriate family budget data

• Internet Explorer or other Web Browser
• Computer with Excel or similar spreadsheet program.

• A discussion on budgets can be found on the Internet site: Personal Budgeting
• All Internet sites are listed under references

• Students will review benefits and tips for having a budget.  They may use this link -  Personal Budget Tips- Budgeting 101
• After drawing salary range cards and situation cards, students will complete an actual budget for a simulated family of four. Budget for Students to Complete    graded activity
• Students will discuss within their group how their budget compares to a Recommended Guideline BudgetSites listed in references can also be explored.
• Students will develop a written report covering the following categories:  graded activities
                                      Largest two areas of spending
                                      Two areas in which they could cut costs
                                      Amount of savings possible
                                      One goal the family has planned together for the future
                                       How their budget compares to the above Recommended Guideline Budget
                                       How their ideas have changed with regard to forming a budget prior to this
                                      lesson on budgeting.
Rubric

• Students will develop a circle graph by changing percentages to degrees by using a protractor.
• This lesson may need to be modified according to the students IEP.

•  Using this Excel chart Unlocked Budget for Students to Complete students will develop a budget and analyze it with a circle graph depicting spending percentages based on their budget data.  This link will allow students to creat graphs,, but they will need to be familiar with Excel (or other spreadsheet program) in order to create their own spreadsheet and charts.

• Students will write a short report comparing their real family budget with the Recommended Guideline Budget

• Completion of the three graded activities above.
• Proficient use of Excel in developing both spreadsheets and graphs.

                          Family and Consumer Science (Adult Roles and Functions)

•  Financial Resource Management 2.13,
• Impact of individual and family financial management practices on society 2.15
• Solving financial problems 2.16

Math

• Algebra/Geometry Prep .4, .8, .19

                            Family and Consumer Science (Adult Roles and Functions)
                                                    Life Skills (Manages Money Effectively)

• Human Services (Personal and Family Services)
• Business/Marketing (Finance/Accounting, Management/Marketing)
• Fine Art/Humanities (Literary Arts)

      Texts
                Bonnice - Developing Consumer Attitudes,Cincinnat, Ohio:  Southern-Western, 1986,  Chapter 5
                Maedke- Consumer Education, Encino, California, Glencoe Publishing Company, 1984 Chapter 3
                Seeley- Foundations of Algebra and Geometry, Glenview, Illinois, Scott Forsman Addison
                Wesley 1998, Chapter 1

Authors:

Christy Rogers
Doris Turk
Mark Witzbergerat home or
Mark Witzberger at school
Cameron High School
61 Maple Avenue
Cameron, WV   26033
 
 
 
 

Lesson 1

Lesson 2

Lesson 3

Lesson 4

Lesson 5