Managing money is one of the most difficult things to learn. One of the first things you should do is learn how to create a budget. Watch the EconEdLink videos on Budgeting and Budgeting Basics. Then, use the EconEdLink Budget Calculator to create your own budget.
To learn more about budgets, check out the Are You Ready for the Real World Newspaper in Education publication below on page 13. How can you make room in your budget for unexpected expenses?
SS.8.FL.2.5 Discuss the fact that people may revise their budget based on unplanned expenses and changes in income.
SS.912.FL.1.5: Discuss reasons why changes in economic conditions or the labor market can cause changes in a worker’s income or may cause unemployment.
Deborah Kozdras, Ph.D.