Lesson 5: My Bank, My Budget, My Decisions! (3-5)
Handout 1

My Budget

Create a budget for the next month based on your expected income and expenditures. List your most important and necessary expenditures first.

INCOME
allowance, gifts, other earnings		             $            EXPENSES
Save, Spend, Donate, Invest
list most important first		            $           
       
       
       
       
       
       
       
       
       
       
       
       
      $
      $
      $
TOTALS $   $
 

Discussion questions: 

  1. Why should your income (money you get) and expenses (money you spend) balance?
  2. If your expenditures are greater than your income, what are your choices?
  3. If your expenditures are less than your income, what are your choices?
  4. Why is it important to budget money?