Big Idea

  • Employees (students) earn income
  • Employees (students) need to cover their expenses
  • Funds available surplus -v- deficit. Do you have enough to survive?

Financial understanding

In this activity, students/groups need to create a classroom budget. Students will receive income and will need to pay expenses for working & learning in a classroom.

Students consider:terms such as income and expenses the meaning of PAYE, ACChow many days/weeks are in a month.

Task 1 - Individual Activity

Using the resource above and using Google Sheets, create a Classroom Budget.

Classroom Budget - Template

Class Budget

Class Profit / Loss

Class Profit / Loss