1. BUDGETING 101: INTRO TO BUDGETING 1

2. STUDENTS WILL UNDERSTAND THE PURPOSE OF BUDGETING AND WHAT SHOULD BE INCLUDED. STUDENTS WILL IDENTIFY AND DISTINGUISH BETWEEN FIXED, FLEXIBLE, AND DISCRETIONARY EXPENSES. STUDENTS WILL CREATE A SAMPLE BUDGET WITH THEIR SMALL GROUP BASED ON A SCENARIO AND REFLECT UPON HOW IT TRANSLATES TO THEIR LIFE. Lesson Objectives 2

3. Breakout 1: Recap and Budget Reflection (15 minutes) 3 Directions: Complete and discuss the “Budget Reflection” handout. Food for thought: What is a budget? How would you define it? What is your attitude towards budgeting? What is the purpose of making one? Do you or your family use a budget? How do you manage your finances? Source: http://gracelutheran.com/http://gracelutheran.com/

4. Breakout 2: Budget Basics (10 minutes) 4 Directions: Complete and discuss the “Intro to Budgeting” handout. Source: http://www.wikihow.com/http://www.wikihow.com/

5. Breakout 3: Box Budget (20 minutes) 5 Directions: Refer to the “Making a Box Budget” handout. Over the next 8 minutes, you will work with your small group to create a budget for a high school student who is responsible for his/her personal finances. You can check 10 boxes. Based on your student scenario (below), you will make your selections as a group. You must check off the boxes relevant to your scenario. SCENARIO: Your mom recently lost her job and you were granted extra hours at your part-time job to help cover the cost of rent and groceries. You catch the bus to get to and from work. You must check off the appropriate boxes under the following categories:  1 box – Housing and Utilities  1 box – Food  1 box – Transportation

6. Breakout 3: Box Budget (20 minutes) 6 Sometimes life happens and things don’t go according to plan. Students will be given a “situation” to address as a team. Groups have 8 minutes to make the modifications and debrief. SITUATION A: Your mom got a new job and you no longer need to help cover the cost of rent and groceries. You decide you would like to continue working the extra hours so you have more spending money. SITUATION B: You lost your cell phone and spent the two boxes it cost to replace it. Remove two boxes from your budget and re-do your budget with this decrease in income.

7. Reflect and Review (5 minutes) 7 Individually complete your “Student Reflection” handout. Then spend 2-3 minutes in your small group sharing what you learned or how you can apply today’s workshop content. Think about: What information resonated with you about today’s workshop? What information was new to you? What information was most helpful to learn about? Why? What knowledge can you pass on or share with family members? Be ready to share your key learnings with the class.

8. Closing (2 minutes) 8 HOMEWORK: Discuss today’s budgeting exercise with your family and key takeaways from this workshop. PRE-WORK FOR THE NEXT WORKSHOP: