Personal budgeting 101

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InspireFinancialLearning.ca is an initiative of the Ontario Teachers' Federation to provide teachers with effective tools and strategies to help their students navigate the complex world of personal finances.

We welcome input at info@inspirefinanciallearning.ca.

Lesson Plan

In this lesson, students learn the fundamentals of budgeting. Students track income and spending using a journal, design a simple budget, and apply a tool to save for the future.

Ontario Curriculum Based

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lesson plan

Grade Level: 8
Course(s)/Subject(s):
Mathematics, grades 1–8 (2005)
Learning Goals:
At the end of this lesson, students will:
- recognize that individuals are responsible for their finances
- identify age-appropriate financial goals
- create a budget
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- Grade 8
Related subject(s):

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Topics:
- budgeting
- planning