Students will analyze monthly household expenses, explain the benefits of using a budget, and create a sample budget.
- Subject:
- Financial Literacy
- Material Type:
- Lesson Plan
- Author:
- Utah Lesson Plans
- Date Added:
- 02/07/2024
Students will analyze monthly household expenses, explain the benefits of using a budget, and create a sample budget.
While completing a digital worksheet, students will describe the purpose of a budget, classify expenses as needs and wants, and explain the difference between gross pay and net pay.
This lesson Plan is for Financial Literacy and Budget Planning. The Standards were not listed in the Resource section so they are as follows:Standard 1Analyze the role of cultural, social, and emotional influences on financial behavior.Evaluate the role of emotions, attitudes and behavior in making financial decisions.Recognize that individuals are responsible for their own financial decisions and for subsequent positive and negative consequences.Standard 2Define a rational decision-making process and the steps of financial planning.Define opportunity cost (tradeoffs) and their role in decision making.Describe a rational decision - making process.Identify short- and long-term financial decisions and the impact they have on financial planning.Define the elements of a financial plan.Standard 1Identify and explain the process of budgeting based on calculated income.Develop a budget.Identify and prioritize fixed, fixed variable and variable budget categories.The Image for this Budget Planner was created by myself, Sharon Pinkerton.
Students will learn about marriage and family financial goals and developing budget strategies. They will also define budgeting terms and develop a realistic monthly family budget.
Students will create a zero-budget from a projected salary for a career of their choice, practicing the PYF principle and learning realistic costs of living.
This is a simulation for students to integrate several concepts on saving and banking into one project.
Financial planning helps you use your money to get the most out of life. It is important to realize that every purchase involves cost. To be truly satisfied with a purchase depends on analyzing its costs and benefits.
This resource is a Social Studies student activity that utilizes Utah's Online School Library resources - specifically, Gale's Kids Infobits Grade K-6, Gale's Research in Context Grades 6-8, and Gale's Reference Collection Grades 9-12 to help students learn about the Buffalo Soldiers.
In this video, members of the Buffalo Soldiers Society of New Mexico share insights into the history of the Buffalo soldiers and how they contributed to New Mexico achieving statehood in 1912. They tell us of the challenges these soldier's faced, their hard work, and particularly of their bravery during the battle with Apache Chief Victorio at the isolated Massacre Canyon in the Black Range Mountains of southern New Mexico. The Buffalo Soldiers primary duties during the post civil war were to protect isolated settlements and to establish towns throughout the southwest. The soldiers established mail and stage routes across the west and maintained law and order throughout the southwest region. They guarded important mountain passes, water holes, isolated settlements and many other tasks. The Buffalo Soldiers got their name from the plains Indians not only because of their wooly-like hair but also because of their unmatched courage and their superior fighting skills.
Bug Hunt uses NetLogo software and simulates an insect population that is preyed on by birds. There are six speeds of bugs from slow to fast and the bird tries to catch as many insects as possible in a certain amount of time. Students are able to see the results graphed as the average insect speed over time, the current bug population and the number of insects caught. There are two variations to try for the predator, one where the predator pursues the prey and one where the predator stays still and captures insects that pass nearby. In the first case the bird catches the slow insects and the faster ones survive, reproduce and pass genes on. The average speed of bug should increase over time. In the second case the faster bugs come near to the bird more often than the slow ones. The slow ones survive more, reproduce and pass their genes on.
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By participating in this activity, students will:
• understand the benefits and problems with a human-made dam to an ecosystem
• understand the benefits and issues with the construction of a beaver-made dam to an ecosystem
• understand the adaptations and behavior of beavers in changing habitats
• use engineering skills to build a beaver dam
• understand the beneficial role beavers play in habitat construction for other animals, including people.
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