![]() ![]() Step #3: Pick 3 Scenarios to Create a Budget AroundĮither pick three scenarios from the brainstormed list that every student in your entire class will work on, or let your students pick three different scenarios they’re thinking about living out after they graduate. Living with parents with new money responsibilities (like paying rent).Getting a first apartment with a roommate.Get your students to help you brainstorm some common (and not-so-common) next steps that can happen in a teen’s life. Step #2: Brainstorm Next-Step Scenarios in Teen’s Lives Step #1: Download a Teen Budget WorksheetĬhoose a teen budget worksheet for your students (you can get mine, for free, below), and print out three copies each. You can take your own high school students through this, as a project. Hint: you could show one of these free financial literacy movies for students as to why they need backup plans. One of the things I stress is a teen should create a budget for more than one scenario for their next step in life, since an older teen’s life opportunities can change so quickly. Have you checked out my article on sample budgets for an 18-year-old? ![]() Hint: you'll also want to check out my article on how to teach budgeting. $10 buys you 5 extra minutes on an educational computer game.This would mean that the students need to prioritize their money and make sure they have enough of it left to pay for each bill by its deadline.įor tight budgets, you can use privileges. To increase the “budgeting” part of this, you could come up with things that pretend money can buy. The treasurer/banker is in charge of keeping the bill-paying station running, as well as filling in the one-sheet student ledger for when each person pays and how much they end up paying.Īnd someone else (perhaps the teacher) is in charge of paying the students on each of the two paydays.Īt the end of the month, there is a set of reflection questions for students to fill out. Students are now in charge of paying their bills, as they become due (or ahead of time). Based on the job they get, they’ll be assigned a list of bills with due dates, and a blank monthly money calendar. Step #1: Assign a Job + Bills with Due DatesĪt the beginning of the month, assign your high school students one of four jobs. Here’s a 30-day budget project, including a printable pack I created and am giving away for free for now (yes, I have plans on charging for this in the future – so go ahead and grab a copy!). Why not give them a heads-up by working on a bill-paying budget project ahead of time? Most teenagers never deal with a monthly bill due date until they hit the real world – and at that point, slipping up can mean late fees, services turned off, lower credit scores, etc. Track what was already paid, and what hasn’t been paid yet, so that you recognize if a bill is missing (bills are due regardless of whether or not they got lost in the mail).Manage paydays, which usually come on different dates of the month than when bills are due.Bill-Paying Budget Projectīill paying is not something we’re born knowing how to do.Īnd it can feel like a slap in the face when you hit the real world and suddenly must be able to: ![]() Hint: you'll also want to check out my article on how to teach budgeting, from beginner to advanced levels. We’re going to start off these budget projects with my very new one, a bill-paying budget project scenario.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |