What are Budget, Savings, and Credit?
8Math39 min
Learning Objective
I can define key financial terms like budget, savings, and credit.
Lesson Flow
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Guided Notes
Key concepts students will learn:
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A budget is like a battle plan for your money, where you assign every dollar a job to do.
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When creating a budget, it is helpful to categorize your expenses into 5 categories: essentials, security, goals, lifestyle, and discretionary.
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To make your budget stick, you should write it down, update it regularly, and use budgeting apps to track your spending.
Practice
7 questions • Multiple choice & Short answer
Exit Ticket
“Define the following terms in your own words: budget, savings, and credit.”
Teacher Guide
Get the complete package:
- Answer keys for all questions
- Differentiation strategies
- Extension activities
- Printable student handouts
