Skip to main content

Creating a monthly household budget

Updated

Students determine how to balance their needs and wants when budgeting for household bills.

Big idea

Budgeting helps ensure that you’ll have enough money for the things you need and the things you want, while still building your savings for future goals.

Essential questions

  • What types of things should be included in a budget?
  • How can budgeting help me manage my money?

Objectives

  • Create a budget for imaginary housing expenses 
  • Understand the advantages of making and sticking to a budget

What students will do

  • Complete a budget for housing expenses.
  • Reflect on how budgets help people manage money. 

Explore related resources