Categorizing Expenses

(4.0 ★,
422 Students)
Preview as Student
Assign to Classroom
Price per Classroom
FREE
Topics
Budgeting
Duration
10 Minutes
Auto-Graded?
Yes

Activity Description

The learning objective of this activity is to help high school students understand the difference between discretionary and non-discretionary expenses and develop budgeting skills. By categorizing expenses and recognizing which ones are essential (non-discretionary) and which ones are optional (discretionary), students can learn how to prioritize their spending, make informed financial decisions, and create a realistic budget based on their needs and income.

Learning Objective

The learning objective of this activity is to help high school students understand the difference between discretionary and non-discretionary expenses and develop budgeting skills. By categorizing expenses and recognizing which ones are essential (non-discretionary) and which ones are optional (discretionary), students can learn how to prioritize their spending, make informed financial decisions, and create a realistic budget based on their needs and income.

Teacher Tips

Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).
Spending 12-1
Econ Ed -
Spending
Students will know that A budget helps people achieve their financial goals by allocating income to necessary and desired spending, saving, and philanthropy .. Students will use this knowledge to 12-1a . Identify their short-term and long-term financial goals . 12-1b . Develop a budget to allocate current income to necessary and desired spending, including estimates for both fixed and variable expenses . 12-1c . Explain methods for adjusting a budget for unexpected expenses or emergencies . 12-1d . Evaluate the advantages of using budgeting tools, such as spreadsheets or apps .
Preview as Student
Assign to Classroom
Price per Classroom
FREE
Topics
Budgeting
Duration
10 Minutes
Auto-Graded?
Yes
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