T.I.P.S.

  • Lightbulb Students must be able to describe options they might do to balance a budget when they realize that they are about to spend more money than they have available.

Example

  • Your family’s car has started making a strange noise under the hood. The mechanic says that it will cost $400.00 to fix it, and it should not be driven any more until it is fixed. This $400.00 repair is not in the budget. How can the budget be adjusted to cover the cost of the repair?
     

Digital Tools

  • Click on the following links for interactive games.

Resources

TEKS

  •  
    5.10 Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to:
     
    (E) describe actions that might be taken to balance a budget when expenses exceed income

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