Introduction

To

Budgeting

Overview

01

03

02

04

Need vs wants

Money decisions

Learning to save

How to earn money?

What does budgeting mean to you?

Ice breaker:

On your sheet of paper, draw pictures, and write a sentence or two.

Share your work with your small group!

What really is budgeting?

Budgeting means making a plan for your money so you don’t run out and can save for things you want!

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Needs vs. Wants

Wants are things you would like to have, but you don’t need them to survive.

Needs are things you must have to live and stay healthy.

Needs

Wants

Are these needs or wants?

Groceries

$50 gaming gift card

Car

Create the most fashionable character!

We will vote for the most fashionable at the end.

Use your money wisely

You have a budget!

Choose items to make your character stand out!

Clothing items with prices

$10

$15

$12

$40

$12

$6

Sunglasses

Top

Shoes

Smart Phone

Pants

Earrings

$10

$20

Necklace

Styled hair

Pause and reflect

Why did you choose the clothing items you did?

S.M.A.R.T GOALS

Specific: What do you want to save for?�

Measurable: How much does it cost?�

Achievable: Can you save for it with your current money?�

Relevant: Why is this important?�

Time-bound: When will you save the money?

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Plan your dream purchase!

S

M

A

R

T

Take home activity

• What’s the most important part of your monthly budget?�
• How do you decide how much to save?�
• What’s something you had to save for over time?�
• Do you use cash, cards, or apps to track spending?�
• What advice do you have for me about money?�

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Take 15-20 min and talk with your parents about these questions!!

Apply this lesson to the real world!