In this lesson from the St. Louis Federal Reserve’s Making Personal Finance Decisions curriculum students discover that all elements of a budget are essentially spending on goods and services.
Making a Budget—It Is All Spending! is lesson 5A of Unit Five: Budgeting. These valuable personal finance lessons are divided into 10 themed units, with each unit containing two lessons. The twenty individual lessons employ a variety of teaching strategies designed to engage students in the learning process and equip them with the knowledge and skills necessary to make informed personal finance decisions.
Students discover that all elements of a budget are essentially spending on goods and services. They are shown a process for establishing a budget.