Grade Levels: 3-5, 6-8, 9-12

NOTE TO EDUCATORS:  

This lesson accompanies the BrainPOP topic Budgets, and supports the standard of constructing and using a personal budget. Students demonstrate understanding through a variety of creative projects.

 

Construct and use a personal budget plan

Step 1: ACTIVATE PRIOR KNOWLEDGE

Ask students: What is something you’ve tried to save up for?  How did you do it? 

Step 2: BUILD BACKGROUND

  • Read aloud the description below the Movie player.
  • Play the Movie, pausing to check for understanding. 
  • Have students read one of the three Related Reading articles. Partner them with someone who read a different article to share what they learned with each other.

Step 3: APPLY
Students synthesize their ideas and express them through one or more of the following creative projects. They can work individually or collaborate.  

  • Make-a-Movie: Create a tutorial explaining how to create a monthly budget using a real-world example.   
  • Make-a-Map: Make a concept map identifying income, expenses, and savings to outline a budget for one month. 
  • Creative Coding: Code a conversation between two friends making a budget for a party they’re planning. 

Step 4: REFLECT & ASSESS 

Reflect: After sharing creative projects with each other, students reflect on what they’ve learned about budgets. Prompt them by asking questions such as: 

  • Why is budgeting an important skill?
  • What challenges might you run into in creating and sticking to a budget? How can you plan to overcome them?  

Assess: Wrap up the lesson with the Budgets Challenge

Step 5:  EXTEND LEARNING

Deepen understanding of budgeting by analyzing one family’s spending record in this Primary Source activity

Lesson Plan Common Core State Standards Alignments

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