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Grade 9-12

Managing Your Money

Time: 90 mins,
Updated: February 17 2021,


Students will be able to:

  • Identify and explain the meaning of key budgeting terms such as disposable income, family budget, variable expense, fixed expense, balanced budget, and net worth.
  • Identify the elements of a typical monthly family budget including income, expenses, and savings.
  • Apply the concepts of costs and benefits to the budget-making process.

In this personal finance lesson, students will practice making budgeting decisions for a young family.

Book Info

This lesson is part of Financial Fitness for Life 9-12, 3rd Edition and provides the slides and activities with educational technology tools. For full access to the book, shop the teacher guide and student workbook below.

Teacher Guide

Student Workbook

Available in eBook and hard copy

Available in eBook and hard copy


This lesson introduces some basics of money management. It uses a radio call-in show script to help students learn about setting up a family budget and distinguishing between income and net worth. It also allows students to practice making budgeting decisions by having them make budgeting recommendations for a young family.

Personal Finance