Money Instructor Home Basic Money Skills Lessons Earning and Spending Money Lessons Saving and Investing Money Lessons Interactive Money Lessons Suggestions and Requests
 
 

TEACHING AND LEARNING PERSONAL FINANCE AND BUDGETING FOR COLLEGE LESSON PLAN WORKSHEET - ACTIVITY

COLLEGE BUDGET LESSON

click to go to worksheet

 

Many college students discover too late that they need to learn how to budget their money.  Use this budget lesson plan and worksheet on the subject of college budgeting to help teach budgeting principles.

 

LESSON LEARNED

 

 

College Budgeting

 

 

OTHER SKILLS REINFORCED

Money Management

 

 

SUGGESTED

GRADE LEVELS

 

7+

 

 

 

Suggested Lesson Plan to use with this Worksheet

 

Discuss the subject of budgeting with students and why it is useful.  Many college students discover too late that they need to learn how to budget their money.  Therefore, learning about budgeting and how to create a budget will be helpful in establishing good money spending habits.

 

The reason why people create a budget is to better plan on how to utilize limited financial resources.  A college budget needs to be focused on the income sources and expenses that are more common for the college student.  See our budget worksheets page for more information on a general budgeting, and how to create a budget.

 

A budget is broken down into two main sections, income and expenses.   Income includes wages, money from parents, student loads, scholarships, grants, etc.  Expenses include rent, room, and board, utilities, groceries, shopping, entertainment, car and transportation, tuition, books, supplies, and other expenses.

 

For this worksheet, a monthly budget is used.  However, monthly, yearly, or a budget for the school semester may be used in practice.

 

Compare sources of income to expenses.  Is this person above or below budget?

 

Discussion questions:

Why is it helpful to have a budget?

What can someone do if their expenses are greater than their sources of income?

What can they do with the extra money if they have more income than expenses?

 

 

 

WORKSHEET Instructions

 

Fill in the budget using the estimates that are given.  Is income greater than expenses?

 

You may customize this worksheet with your students' names.

 

 

Make your selections, then press "Get Worksheet."

 

 

 

 

WORKSHEET

 

STANDARD WORKSHEET

Note - requires Full Membership

 

CUSTOM WORKSHEET

This worksheet may be customized with the following settings.

Make any changes you wish, then press "Get Worksheet".

 

 

You may personalize this worksheet with your students names by listing them in the box below.  Each name must be on a separate line. You may also cut and paste a name list from another application.

 

Name List (optional)

 

 

 

Mix with random Names?

If you enter names above, then selecting this box

will mix these names with random names.

 

 

 

 

Note - requires Full Membership

 

 

 

GO BACK TO WORKSHEET INFO

 

 

 
 

 

SUGGESTIONS/COMMENTS
 
 
 

 

 

 

You may come back to these worksheet links more than once if your

students are having trouble mastering this concept, since

these are RANDOM worksheets. Every time you choose the

link (or press "refresh" on your browser) a NEW worksheet will be generated.

 

College budget worksheet lesson

 

 

 

 

More Budgeting - Budget Worksheets and Lesson Plans

 

 

 

Go to the Money Instructor home page