Pocket Money for Teens

Grade 8β€’45 minutesβ€’english European level b2 maximum for teenagers learning English, introduce a bit of each skill in English learning

Learning Objective

I can discuss the advantages and disadvantages of different approaches to managing pocket money.

Practice Questions

This lesson includes 7 practice questions to reinforce learning.

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1. Define the term "budget" in your own words and explain why it's important for managing money.

2. According to the 50/30/20 rule discussed in the video, what percentage of your income should ideally be allocated to needs, wants, and savings? Explain what each category represents.

3. Give three examples of "needs" and three examples of "wants" that a teenager might have. Explain why you categorized them as such.

...and 4 more questions

Educational Video

What Is A Budget? | Cash Course | PragerU Kids

PragerU

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