LEARNING OBJECTIVES

Understand the benefits of keeping a budget; identify a variety of ways to keep a balanced budget; separate facts from myths about budgeting.

HEALTH ED STANDARDS

NHES 6: Use goal-setting skills to enhance health.

CASEL: Self-management, responsible decision-making

KEY VOCAB

personal finance

debt

prioritize

Lesson Plan: Facts and Myths About Budgets

Tracking your money can help you have more funds for the fun stuff.

PREPARING TO READ

Before you read the article “Facts and Myths About Budgets,” ask your students the following pre-reading questions:

What is a budget, and what are the benefits of having one?

READING AND DISCUSSION

  • Have your students read the article “Facts and Myths About Budgets”; read the article out loud to them; or have students partner-read the article out loud. 
  • After they’ve read the article, revisit the pre-reading questions. Have their answers changed?

BUILDING COMPREHENSION

Check students’ comprehension of and engagement with the story with the following assessment tools:

  • Comprehension Quiz with vocabulary questions

EXPANDING SEL OPPORTUNITIES

Continue the learning journey with the following extension activity: 

In BUDGET FOR FUN, have students use the tips from the article to create a budget for the month. They should start by thinking about an activity or two they want to make sure they have money for, and design their budget accordingly. Make sure they include two columns: one for income, and one for expenses. They can use the skills sheet to plan, but encourage them to get creative with the final version of their budget. This could mean using a digital tool like Canva or craft supplies and magazine clippings. In any extra time, they can complete the savings tracker on page two of the skills sheet. 

Print the Lesson Plan

Text-to-Speech