1. BUDGETING 201: BUDGETING WITH EXCEL 1

2. STUDENTS WILL UNDERSTAND THE CONCEPT AND PURPOSE OF BUDGETING. STUDENTS WILL GET FAMILIAR WITH EXCEL AND PRACTICE USING FORMULAS TO CREATE THEIR PERSONAL BUDGET. Lesson Objectives 2

3. Breakout 1: Recap and Budgeting Basics (15 minutes) 3 Directions: Complete and discuss the “Intro to Budgeting” handout. What is a budget? What is the purpose of creating one and how can it help you make financial decisions? What items are included in your budget? Define the different types of expenses and provide an example. Source: http://gene84.files.wordpress.com/2010/07/want-vs-need1.jpg

4. Breakout 2: Personal Budget Overview (30 minutes) 4 Directions: Follow along with your Trainer as they walk you through the budgeting spreadsheet. You will then start to create your own budget. “Financial Gap Analysis” Tab (Green): College 1 (Red):

5. Reflect and Review (5 minutes) 5 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.

6. Closing (2 minutes) 6 HOMEWORK: Talk with parent(s) about the three types of expenses and what specific expenses they could spend less money on in order to save more for college. PRE-WORK FOR THE NEXT WORKSHOP: