Budgeting

Appropriate for high school students, this lesson focuses on establishing short- and long-term financial goals. Emphasis is placed on developing and adhering to a budget. Through a series of exercises and guided discussion, students learn to differentiate between needs and wants and the value of saving by paying themselves first. Students also create a budget to reflect their current financial situation, and learn how to adjust it as situations change.

PA Career Education and Work Standards:

• 15.6 Finances and Economics — Standard 15.6.12.A: Evaluate the impact of internal and external influences on financial decisions

Career, Education, and Work Standards

• Career retention and advancement: 13.3.11.D: Develop a personal budget based on career choice and Career Retention and Advancement
• 13.3.11.E: Evaluate time management strategies and their application to both personal and work situations