Students discover that all elements of a budget are essentially spending on goods and services. They are shown a process for establishing a budget.
The Making Personal Finance Decisions curriculum teaches valuable personal finance lessons grounded in economic theory. The curriculum is divided into 10 themed units, with each unit containing two lessons. The twenty individual lessons employ a variety of teaching strategies designed to engage students in the learning process and equip them with the knowledge and skills necessary to make informed personal finance decisions. Making a Budget—It Is All Spending! is lesson 5A of Unit Five: Budgeting.