Now That You Will Earn Money: Budgeting! (CTE)


The purpose of this lesson is to understand the importance of developing a budget and how to determine what to do with your earnings. The students will use a spreadsheet program to organize data and complete mathematical equations, if technology is available. If it is not available the worksheets can be printed and distributed. There are two situations to develop budgets. In the first situation, the teacher will work though and guide the students. In the second situation, the students will develop a budget on their own.


What do students do with their money? Do they spend it all or save it all? Do they have any bills to pay? Do their parents manage their money? Let's imagine that the students are earning a regular paycheck. Budget planning is an important task if you are going to have enough money to live a comfortable lifestyle. It is good to introduce young people to this concept so it becomes a natural thought process as they approach adulthood. You will walk a student through a situation using a spreadsheet program to identify income and determine how much money is earned on a monthly basis. Then you will discuss expenses and classify them as fixed or flexible. You will walk the class through determining amounts for flexible expenses with the importance placed on PYF - Pay Yourself First!

Lesson Times

One Block or two traditional classes
90 Minutes

Industries / Subjects / Grades

Industries / Pathways
  • Business and Finance Business and Finance
  • Information and Communication Technologies Information and Communication Technologies
K-12 Subjects
  • Technology Education
Grade Levels
  • 9
  • 10
  • 11
  • 12

Standards and Objectives


California's 2013 CTE Standards (4)

Related Instructional Objectives (SWBAT...)

  • Explain the theory of needs vs wants
  • Explain the importance of managing your money wisely
  • Describe good spending decisions
  • Identify the difference between income and expenses.
  • List fixed expenses and flexible expenses
  • Plan a budget to guide spending and saving.

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