1. Module 3 – Financial Management

2. Write down 3 words or phrases that you think of when you hear the word…
Budget
(noun) A plan for managing income and expenses.
(verb) To plan or to manage income and expenses.
Income
Earnings or payment received for resources provided such as labor
Expenses
Costs incurred or the spending of money
Federal Reserve Bank of St. Louis,

3. Let’s play a game!
With a partner, you will play the “Track Star” game.
Decide which partner will be “Jet Stream” and which partner will be “Whoosh”
Cut out your player’s cards, shuffle them and place them face down on the corresponding box on the game board.
Federal Reserve Bank of St. Louis,

4. Let’s Play a Game!
Whoosh’s player must draw the top card from their pile, read it to their partner, follow the directions and then place the card at the bottom of their pile.
If the card instructs Whoosh to move back, and Whoosh is on the start block, then put this card at the bottom of the pile and pick a new card.
Jet Stream’s player moves second, and follows the same rules as Whoosh.
Alternate turns until someone wins the game.
Federal Reserve Bank of St. Louis,

5. What did you learn?
With a partner, look at Jet Stream and Whoosh’s cards from the game.
Put the cards that indicate successful saving/spending in one pile, and the ones that indicate unsuccessful spending/saving in the other pile.

6. What did you learn?
Fill in the following table using the instructions on each card.
“You got $20 cash from your ATM machine, kept the receipt and recorded that withdrawal. Move forward two spaces”
Record all financial transactions
Successful Spending/ Saving Principles
Unsuccessful Spending/
Saving Principles