STUDENT BUDGETING:
ESTABLISHING A REALISTIC BUDGET

STUDENT BUDGET LESSON PLAN

 

Teaching Materials

• Lesson - Establishing a Realistic Budget (see below for printable lesson)

Procedure:

Students should read the lesson, and then complete the worksheet exercise. As an option, teachers may also use the lesson as part of a classroom lesson plan.

Lesson Excerpt

Establishing a realistic budget requires a careful observation of your spending habits, and the ability to break things down into essentials, non-essentials, and occasional expenses. This will help you see where your money is going, and make an accurate plan for the months to come, typically on a semester-by-semester basis. It is important to set aside a certain amount for unexpected or emergency situations, so try to work this into your budget as well as all the costs you normally incur.

Whether you will be working as well as going to school, or relying on student loans or other financial assistance, making a budget will help keep you on track, allowing for greater expenses at the beginning of each term, and the need to make sure your living expenses are still covered by the end of the semester. If it looks like you will not have enough to make ends meet, this will give you time to find solutions before the situation gets out of control. If your student loan comes in one payment for the entire year, or provides a larger sum in one semester than the next, it becomes even more important to plan ahead, in this case for the entire school year.

Continued...

 

 

 

Lesson Printable Materials - Worksheets

Print out the teaching lesson pages and exercise worksheets for use with this lesson:

 

ESTABLISHING A REALISTIC BUDGET
	Establishing a Realistic Budget * Printable lesson worksheet and activity.
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