Title: Lesson 3.2: Budget Trade-Offs—A Penny Here and a Penny There (Classroom Resource)
Course: Personal Finance Sample "STANDARD" Syllabus > Section: Unit 3: Buying Goods and Services

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/-/media/project/frbstl/stlouisfed/education/curriculum/pdf/making-personal-finance-decisions-lesson-5b.pdf (Making Personal Finance Decisions Curriculum Unit).
- Use “Lesson 5B: Budget Trade-Offs—A Penny Here and a Penny There” (pdf).

Full Lesson Plan: Making Personal Finance Decisions Lesson 5B.pdf