Title: 👉In Class Lesson: Budget Trade-Offs (Teacher Only)
Course: Tennessee Personal Finance Sample Syllabus > Section: Standard 3: Planning & Money Management

👉In Class Lesson: Budget Trade-Offs—A Penny Here and a Penny There

Lesson Time: 30 minutes

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.