Title: Budget Trade-Offs—A Penny Here and a Penny There (Lesson)
Course: Personal Finance - Buying Goods and Services - Sample Syllabus - for Canvas Upload > Section: Budgeting Lessons

Description: Students participate in an activity that illustrates that budgeting is really an allocation problem. They must decide how to allocate limited income among many alternatives, which requires trade-offs. For the activity, students are given pennies representing monthly personal income to allocate for their living expenses—to purchase goods and services for housing, food, transportation,
and so on.

- Go to https://www.stlouisfed.org/education/making-personal-finance-decisions-curriculum-unit (Making Personal Finance Decisions Curriculum Unit).
- Use “Lesson 5B: Budget Trade-Offs—A Penny Here and a Penny There” (pdf).