Balancing a Simple Budget
T.I.P.S.
Students must be able to balance a simple budget including deposits, expenses, savings, and balances.
Example
Roderick is determined to build a budget of $800.00 that will cover his expenses every month. He can’t afford to live by himself, so he and his brother will share an apartment. Some expenses are fixed such as rent which is always $400, while others vary month to month such as electricity, groceries, gas, and water. a) Design a budget for Roderick using typical forms of income and expenses. b) Balance the month’s budget by identifying specific amounts of money in those categories.
Digital Tools
Click on the following links for interactive games.Resources
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Federal Reserve System’s Resources for Educators
Teacher Online Resource Center
TEKS
Supporting Standard 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: (F) balance a simple budgetFeedback
