Students learn about budgeting rules and then apply their understanding in an interactive budgeting activity.
Save and invest (Saving for long-term goals, Saving for short-term goals), Spend (Budgeting, Paying bills)
CTE (Career and technical education), Math, Social studies or history
Middle school (6-8)
45-60 minutes
Big idea
Following a budget helps make sure you have money for the things you need and want and still be able to save money regularly.
Essential questions
- Why are budgets important?
- How can a budget help me save money?
Objectives
- Learn different budget categories
- Understand and use the 50-30-20 budget rule
What students will do
- Learn the 50-30-20 budgeting rule.
- Visit learning stations to practice applying budgeting rules.
- Answer reflection questions.
Download activity
Teacher guide
cfpb_building_block_activities_learning-about-budgets_guide.pdf
Student materials
cfpb_building_block_activities_learning-about-budgets_worksheet.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.
