Spending

This essential lesson is an introduction to the income and choices and highlights three steps: 1. Get a grip on your spending, 2. Get to know the various services offered by financial institutions in your community, and 3. Learn how to protect yourself against risk.

This essential lesson focuses on helping students learn to conceive their financial goals and gives them tips and strategies to get there.

This essential lesson is a reading about a family working through their budgeting differences. Through this reading students will learn the concepts of a family budget, net worth, personal income, balanced budget, and fixed and variable expenses. At the end of the reading, students will answer questions about the concepts.

This essential activity shows how Clayton and Katrina spend everything they make but would like to save for future goals. It gives you their register showing what they spend. The students will fill in pg. 1 with additional spending categories and total the amounts for each. See food column as example. Use pages 2 to 3 as discussion prompts to discover where they might be able to save and track their spending in a way to achieve their goals.

In this supplemental activity students will determine whether this family can afford the mortgage they are being offered. Through this activity, students will learn about mortgage, interest rates, principal and interest, and mortgage qualification criteria. Students will read the scenario and answer questions.