This lesson immerses teens in the process of financial planning by first defining concrete goals and identifying their values, and then constructing a plan to implement their goals through meaningful practices, including weighing needs and wants, avoiding peer pressure, and understanding the importance of a budget. (from FDIC Money Smart program)
Activity 2: Living on Your Own
In this lesson, students will encourage students to carefully consider various fixed and flexible expenses. In addition, they'll learn budgeting strategies for both flexible expenses (variable costs that change depending on level of consumption), such as entertainment, restaurants, and vacations, and fixed expenses (those that need to be paid every month), such as rent and apartment insurance. (from practicalmoneyskills.com)
This introductory lesson provides students with an opportunity to learn more about decision-making. The lesson starts with an overview of the decision-making process followed by a discussion of various internal and external factors that affect decisions. (from practicalmoneyskills.com)