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 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.

Students will assess their career aspirations, evaluate and compare career opportunities based on aptitudes and interests, and plan a career while understanding the income potential of that chosen career.

In this mini-unit, students begin by creating a career plan and an education plan. After learning financial aid vocabulary concepts, students will play an online game called “Payback” to apply knowledge learned about paying for college. The activity concludes with students creating a personal resume and taking notes on job interview tips.

Students will be able to identify methods used by predatory lenders for prevention, comprehend basic consumer rights, and demonstrate knowledge of filing complaints when these rights are violated. Additionally, students will understand tactics employed by predatory lenders and be equipped with the skills to avoid falling victim to them.

Students will comprehend their paycheck, the voluntary and compulsory withholding of income, basic payroll concepts, and explanations of tax documentation.

Students will be able to identify and explain the differences between different economic systems (Market, Mixed, Command, Communist, Socialist).

Students will gain a comprehensive understanding of savings vocabulary and products, the PYF concept, and the importance of preserving principles in the face of inflation.

Students will be able to understand the processes, rights, and responsibilities of renting, leasing, and purchasing a home. Identify key qualification factors for homeownership, including debt-to-income and loan-to-value ratios, and comprehend the roles of professionals in the home-buying process.

Students will comprehend saving and investing, understand the concept of risk versus reward, and gain knowledge about various investment types and vocabulary.

Students will demonstrate the ability to explain five potential ways to pay for school, including detailing the four outcomes of the FAFSA and the 529 Plan.

In small groups, students role play financial institutions and consumers in order to learn the importance of FDIC and NCUA Insurance.

Students will comprehend the role of the Federal Reserve and gain an understanding of fiscal and monetary policies.

Students will learn about SMART financial goals and then complete a worksheet where they will set personal financial goals, both long and short term.

This activity helps students experience the responsibility of finding a financial institution that fits their needs.

This is a part of a longer unit. After students have learned about producers, consumers, ways to pay, and goods and services, they are able to create their own business. They will design a storefront and decide what they're selling. They will then need to include at least one photo of the good or service and define if the item they are selling is a good or service. Cover image created using Canva AI text to image.