This lesson will help students identify how to make good decisions which will help them financially in the future. Students will identify how to take their own wants and work them into a form of a personal budget. Students will also discuss various financial scenarios and decide what course of action would be the best to follow.

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Concepts

cost, opportunity cost, budgeting

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Additional Tags

wants and needs, benefit analysis, budget, choice, council for economic education, econedlink, econedlink: staying afloat financially in the 21st century, substitute good, preparing a budget

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Classroom Considerations

Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
The intended use for this resource is Instructional|practice

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