Module MCM.1.1: Creating a Spending Plan

Standard: EPF.MCM.1.1

Objective: Develop a personal spending plan (budget) based on financial goals.

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Lesson Overview

• Define budgeting and its importance
• Identify income and expenses
• Create a sample budget

Teacher Notes

• Use real-life scenarios
• Relate to students' current/future finances
• Discuss needs vs. wants

Activities

• Budget simulation activity
• Needs vs. wants sorting game
• Reflection: Budgeting challenges

Assessment

• Completed budget worksheet
• Quiz on budgeting concepts

Resources

• NC DPI EPF Standards
• Budgeting tools and templates