Participants will briefly review the definition of values, needs and wants and how they affect financial decisions. They will identify the difference between income and expense, explore the benefits of creating a spending plan and identify the main categories of a spending plan. They will play the Racing for the Money Active Learning Tool for the anticipatory set, do the Rollin’ With It activity using dice to fill in earnings and spending, and play Spending Plan Shake-Up as the conclusion.

Cross-curricular keywords: Math, Decision-making, Allocation of Resources

Lesson Objectives

  • Demonstrate fluency with vocabulary related to spending plans
  • Analyze decision making in financial situations
  • Identify sources of income and expenses
  • Explore spending plan categories
  • Follow process for spending plan development

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