Life skills-Learning how to budget. Lesson/activities. CDC Health Standard 5

This lesson plan covers all of the basic aspects that students and young adults need to manage their own finances. How to pay bills and manage a checking account is included. Creating a current Budget activity and creating a Future budget activity, Assessment and answer key, printables, clip art, no prep needed. Distance learning- Easel assessment is included in this lesson.

CDC STANDARD FIVE: Students will demonstrate the ability to use decision-making skills to enhance health

Learning outcome:

Understand why earning money is important

Identifying a list of expenses to consider when living on your own

Learning how to save money'

How to invest money

Learning How to create a budget

Recognizing how Credit works

Learning how to balance a checking account

Compare and contrast the Use of "Credit Union" vs. "A Bank"-pros and cons

Different methods of how to pay bills

The importance of how to manage a bank account

How to spend money wisely

What is a credit score

The importance of keeping a good credit score

What to do to improve your credit score

Activities:

Create a list of all expenses and bills you believe you will be responsible for while living independently

Figuring out your current monthly income and expenses

Creating a budget to live independently

Assessment and answer key

Store: Health is Elementary

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