THE BUXX
KID BUXX | Financial Literacy for Our youth
Subject: Budgeting is Responsible
Budgets Overview Part 9
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Becoming a Budgeting Expert
THE BENEFITS OF BUDGETING
So we know a budget is a plan to save, track, and improve your money situation. So why is it so important that we keep doing budgeting assignments you may ask?
The more you practice, you will know how to make sure you always have enough money to take care of yourself when you grow up.
A budget includes "INCOME" and "EXPENSES"
How do you create "Income" ?
Use drop down menu (arrow to the right)
Pay for a new car
Make my own business for money
Get a Job
Either make my own business or get a job
arrow&v
How do I create an "Expense" ?
Use drop down menu (arrow to the right)
Get a job
Spend Money
Sell my house
Sell lemonade
arrow&v
Use the below choices for the assignment
You will need to
PICK THE BEST
5 out of 6 answers below when creating your budget
(for each Income & Expense section) .
The goal is to create a budget that will leave you with
THE MOST MONEY LEFT OVER.
Hint: for example, the less money you spend, the more you will have left over.
For this exercise, when you sell something, you receive money.
PAYCHECK $295
PAYCHECK $2,950
PAYCHECK $29
BONUS $587
BUY AN IPAD $999
BUY PHONE $1,000
BUY MEDICINE $500
GAS FOR CAR $90
Sell House $18,099
GROCERIES $99
LEND $9,999
Sell Lemonde $293
INCOME
Select Income # 1
Use drop down menu
Paycheck for $295
Return bonus for $587
Sell house for $18,099
Sell lemonade for $293
arrow&v
Select Amount
$
$295
$587
$18,099
$293
arrow&v
EXPENSE
Select Expense # 1
Use drop down menu
Sell my house for $18,099
Lend my friend money for $9,999
Buy a phone for $1,000
Receive refund from lender for $9,999
arrow&v
Select Amount
$
$18,099
$9,999
$1,000
$9,999
arrow&v
Select Income # 2
Use drop down menu
Payback paycheck for $295
Receive paycheck for $2,950
Bonus Payback for $587
Buy groceries for $99
arrow&v
Select Amount
$
$295
$2,950
$587
$99
arrow&v
Select Expense # 2
Use drop down menu
Receive bonus for $587
Buy an iPad for $999
Buy gas for car for $90
Buy medicine for $500
arrow&v
Select Amount
$
$587
$999
$90
$500
arrow&v
Select Income # 3
Use drop down menu
Sell lemonade for $293
Buy lemonade for $293
Buy phone for $1,000
Buy medicine for $500
arrow&v
Select Expense # 3
Use drop down menu
Receive paycheck for $2,950
Receive bonus for $587
Buy an iPad for $999
Buy medicine for $500
arrow&v
Select Amount
$
$293
$293
$1,000
$500
arrow&v
Select Amount
$
$2,950
$587
$999
$500
arrow&v
Select Income # 4
Use drop down menu
Payback bonus for $587
Receive paycheck for $295
Buy gas for car for $90
Buy an iPad for $999
arrow&v
Select Amount
$
$587
$295
$90
$999
arrow&v
Select Expense # 4
Use drop down menu
Sell lemonade for $293
Sell my house for $18,099
Buy an iPad for $999
Buy a phone for $1,000
arrow&v
Select Amount
$
$293
$18,099
$999
$1,000
arrow&v
Select Income # 5
Use drop down menu
Receive bonus for $587
Receive paycheck for $29
Sell Lemonade for $293
Buy house for $18,099
arrow&v
Select Amount
$
$587
$29
$293
$18,099
arrow&v
Select Expense # 5
Use drop down menu
Sell lemonade for $293
Buy groceries for $99
Buy an iPad for $999
Buy a phone for $1,000
arrow&v
Select Amount
$
$293
$99
$999
$1,000
arrow&v
Income Total
Expense Total
How much money do you have left over ?
Rate Today's Experience on a scale of 1 to 5. (Example: 5 stars means you really enjoyed this assignment. 1 star means you really didn't enjoy it. Anything in-between is ok too.)
Rate Today's Experience on a scale of 1 to 5. (Example: 5 stars means you really enjoyed this assignment. 1 star means you really didn't enjoy it. Anything in-between is ok too.)
Do you feel like you are learning more about how to create budgets ?
What did you NOT like about this assignment ?
Is there a better way for kids to learn?
SUBMIT
Let's Create Another Budget
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