Making a Budget – It Is All Spending!

In this lesson from the St. Louis Federal Reserve’s  Making Personal Finance Decisions curriculum students discover that all elements of a budget are essentially spending on goods and services.  

Making a Budget—It Is All Spending! is lesson 5A of Unit Five: Budgeting. These valuable personal finance lessons are divided into 10 themed units, with each unit containing two lessons. The twenty individual lessons employ a variety of teaching strategies designed to engage students in the learning process and equip them with the knowledge and skills necessary to make informed personal finance decisions.

Making a Budget Lesson

Students discover that all elements of a budget are essentially spending on goods and services. They are shown a process for establishing a budget.