1. Diving Into Spending Plans!

2. Today We’ll Talk About Spending Plan - What is it? Why use it?
Income and Expense
Bean Game

3. Almost half of all American families spend more money than they make.
Why do you think this happens?
People do not make enough money
People spend too much money
One point to each group that answers, each group gets a chance…
Write on paper

4. Values, Needs, & Wants What is a value? Give an example.
A belief about what is important to a person
What is a need? Give an example.
Something that is a necessity
What is a want? Give an example.
Something that is not a necessity but is desired
One point for each group

5. Spending Plan - What is it?
A spending plan is
A tool to help people manage their money

6. Spending Plan - Why use it?
Why would you want to know where your money is going?
Spending plans are used to help people
Track where their money is going
Identify income and expenses
Meet financial goals

7. A Spending Plan Tracks…..
Income
Money Earned
Expense
Money Spent

8. As each item is read, stand up and move to the appropriate game card.
Game Time!
Income
Expense
As each item is read, stand up and move to the appropriate game card.

9. Income or Expense? Rent/House payment Hobbies Paycheck Car repairs
Groceries
Internet bill
Winning the lottery
Utilities
Putting money into a piggy bank
Hobbies
Car repairs
Clothes
Birthday money
MP3 player
Using savings to buy a skateboard

10. Spending Plan Contents
Income
Expenses
Housing
Utilities
Transportation
Savings
Expenses
Food
Insurance
Clothing
Other

11. Lee’s Spending Plan Example
Income
Expenses
Item
Amount
Mowing a lawn
$10.00
Movie ticket and popcorn
$15.00
Birthday gift
Snack and drink
$5.00
Total
$25.00
$20.00
Does Lee have enough income to pay his expenses?
If he would like to buy a new shirt for $15, does he have enough money?

12. In Conclusion A spending plan is A spending plan is based on
A tool to help people track their money
A spending plan is based on
Values, wants, and needs
A spending plan tracks
Income and expenses

13. The End!

14. = Your Turn! Spending Plan Shake-Up…
Budget your beans to pay for the things you need and want
Each square is worth one bean and all the squares must be filled to have that item
Budget as if you are a senior in high school =

15. Spending Plan Shake-Up!
Could you afford everything that you needed?
Could you afford everything that you wanted?
How does Spending Plan Shake-Up relate to real life?