![]() ![]() Step 8: Ask the class whether or not the dog walking income is money the student can count on. Demonstrate to students that the expense categories add up to 100%. Ask the percentage of expenses for snacks (20%), music (40%), and entertainment (30%). Demonstrate how to calculate percentage if necessary. Step 7: Ask students what percentage of monthly expenses is savings (5/50 = 10%). Answers will vary but should include increasing income and/or cutting expenses. (Answers might include: keeping track of expenses, making sure expenses don't exceed income, helping set financial goals, etc.) To demonstrate, ask the class how this student could increase monthly savings for a large purchase in the future. Ask students why it might be useful to keep a budget. Step 6: Indicate that this is called a budget. (Show as "savings" under expenses and change "total expenses" to $50, equal to income.) Step 5: Ask students how to show the $5 difference between income and expenses. Step 4: Next rewrite the income and expense items in the form of a monthly budget: Income Indicate that the difference of $5 can be categorized as "savings." (Identify and group together income items and expense items, calculate totals, and compare the totals.) Indicate that the student has income of $50 per month and expenses of $45. Step 3: Ask if this student has enough money to meet the monthly expenses. Step 2: Write the following sample student monthly expense and income information on the board (examples can be modified as appropriate for your class): Answers may include allowance from parents, chores, jobs, gifts, etc. Finally, ask students how they obtain the money they spend. Ask students to identify how they spend money (answers may include clothing, entertainment, savings, etc.). Step 1: Ask students how much money a middle school student needs to "live" each month. Hang a copy of the Plan, Save, Succeed! Classroom Poster printable in your classroom where students can see it. ![]() Optional: Bonus Plan, Save, Succeed! Worksheet: Cash or Credit? printableġ. Make a class set of the Plan, Save, Succeed! Worksheet: Budget Basics printable.Ģ. Print a copy of the Answer Key: Plan, Save, Succeed! Worksheets printable.ģ.Standards Chart: Plan, Save, Succeed! printable.Plan, Save, Succeed! Classroom Poster printable.Answer Key: Plan, Save, Succeed! Worksheets printable. ![]() Plan, Save, Succeed! Worksheet: Budget Basics printable.Begin to consider the role saving plays in financial planning.Understand that mastery of fractions, decimals, and percentages can help address real-world situations.Understand how a budget is created and how it can support good financial decision making.It will give you an idea of how much growth you can expect to see in registration over the weeks it is open. This Excel document shows a comparison how many people were registered for the 25th Reunion from the Classes of ’88, ’89, and ’90. This Excel document will help you calculate how many beverages you will need to purchase and how much you can expect to spend on them. Payment is due on the first day of Reunion. Although not everything will apply to your class, it can be helpful to know what to expect. This is a PDF sample of what your final College invoice will look like. 25th Reunion Class Budget (and the same budget with input fields).You can use these for reference or templates as you plan your own budget. These are PDF or Excel examples of class budgets that have worked in the past. ![]() This is an Excel list of all fixed and variable costs that you should consider while creating your Reunion budget. You’ll find a master template in Excel that lists all the fixed and variable costs for Reunion, as well as sample budgets from prior classes, calculators, and invoice templates. Below you will find downloadable files to help you plan for your budget. ![]()
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