April 24: Personal Budgets 5.E.2.1
Schoolhouse Rock Watch the video: School House Rock- "7.50 Once a week" Back to the Budget Watch the video Cha-Ching "Back to the Budget" When planning a budget, what kinds of things are important to consider? Sort the following items into "NEEDS" and "WANTS" NEEDS Food Clothes Housing WANTS Video Games Toys New Skateboard Weekly Allowance You have earned $20 a week for your allowance after completing your chores. In the chart below determine how you will spend your money. (You do not have to use all the slots) Item Amount ex: Extra Food $5 Why did you choose to spend the money on those items? Explain your decisions in 4-5 sentences.