Description: Students discover that all elements of a budget are essentially spending on goods and services. They are shown a process for establishing a budget.
- Go to https://www.stlouisfed.org/education/making-personal-finance-decisions-curriculum- unit (Making Personal Finance Decisions Curriculum Unit).
- Use “Lesson 5A: Making a Budget—It’s All About Spending” (pdf) and the accompanying PowerPoint slides for Lesson 5A.