Money Management Basics – Budgeting & Saving Worksheets

Are you ready to go further than just a simple "piggy" bank lesson and actually give your students the skills they need for the real world? This complete, integrated Money Management Unit is filled with lots of tools to develop your students into well-rounded, professional "Young Scholars" by learning how to use the basic concepts of applied microeconomics in creative ways that meet the unique developmental abilities of both upper elementary and middle school students.

The Money Management Unit is not a pack of worksheets; it is a full set of easy-preparation teaching materials that will help you develop a lasting understanding of financial literacy within your students. By using a structured, three-phase approach, this resource will help students gain a better understanding of the more complicated topics related to making good choices when it comes to spending or saving money through the use of opportunity cost; and will give them all the tools they need to manage the way they spend or save their money, from using an allowance to saving up for something they want to buy (zero‐based budget).

WHAT'S AVAILABLE IN THIS SET OF 33 PAGES OF MATERIAL:

PHASE 1: The Textbook: Applied Microeconomics for Young Scholars: A comprehensive but user-friendly resource for learning about many topics related to economics. The textbook covers the following topics:

Income and Outflow: What is an allowance? What is entrepreneurship (using the example of a lemonade stand)? What's the difference between Needs and Wants?

Budgeting Strategies: How do you use a "Zero-Based Budget" and the Spend, Save, and Share Approach?

The Psychology of Saving: Delayed gratification, SMART goal setting, and the math of compound interest.

The Economics of Choice: Understanding opportunity cost and consumer traps (e.g., Gamified Value in in-app purchases).

PHASE 2: Student Workbook (10 Rigorous Worksheets): Worksheets which reinforce the concepts presented in the Textbook. Students are provided an opportunity to practice through hands-on activities in the areas of:

Analyzing Revenue and Expenditures

Making Decisions about Needs versus Wants

Creating and Balancing a Ledger

Calculating Savings Goals and Timelines

Evaluating Opportunity Cost

Recording Daily Transactions

Understanding Emergency Funds and Unit Pricing

Final Project: Create a Budget from Scratch!

Phase 3: Teacher Resources (Visual Aids & Answer Key)

3 Visual Aids That Are Clear & Easy To Use! Perfect on a smart board or printed poster style (or printed out as handouts), these three docs provide simple visuals of how to create a budget, set goals and make impulse purchases so that students can see their financial decisions.

An Answer Key Containing All Calculations & Rationale Is Ready For Use! A full key has been created for each of the ten worksheets so grading each student work will be easy.

These two items can be used by any classroom and a great teaching resource to provide math centres, economics unit, life skills classes or by parents who want to give their child an early advantage through financial literacy.

Why do Parents/Schools love:

- The unit not only gives students the mechanics of counting money but explores how to think about money by teaching about core economic principles (opportunity cost, behavioral economics).

- The entire unit is in one PDF file and provides a full resource package (textbook, 10 worksheets, various visual aids and full answer key). All materials are ready to print and teach - no planning time is wasted!

- Students will have exposure to real-world experiences that will help them to connect abstract concepts to their everyday life through relatable case studies and scenarios such as saving for sneakers, managing their allowance & avoiding getting trapped in the arcade.

- The psychology behind financial decisions is addressed and students are provided with tools for delayed gratification, goal setting (S.M.A.R.T.) and impulse control which will serve them throughout their lives.

- The unit provides a wide range of options that can be tailored for any type of student. The rigor of the lesson is appropriate for gifted programs while the clear structure and answer key provides a high level of support for whole-group lessons or independent learning.

Target Market (Student Classes):

Based on the content's terminology ("applied microeconomics", "cognitive architecture") and concepts addressed, the following target audiences should be:

Primary Target Market: Students in 5th and 6th Grade. The material is abstract in nature and at the appropriate developmental stage of maturation for these grades, as addressed in the Introductory Section provided in the PDF.

Secondary Target Market: Gifted students in 4th Grade who are capable of handling advanced concepts and vocabulary. The material will provide them with a challenge while stimulating their interest.

Tertiary Target Market: Students in 7th and 8th Grade that have never received an introduction to or have already been remediated in Financial Literacy concepts. The unit provides excellent foundational material for students enrolled in Life Skills and/or Economics courses.

Niche Target Market: Families who homeschool their children and desire to use an academic, complete, and structured Financial Literacy Curriculum.

Copyright / Terms of Use:

This Book is the intellectual property of Syed Hammad Rizvi and all rights are reserved. This resource is intended for private use and only in single classroom settings. You may not create any modifications to this resource, redistribute it or sell any part of it. Additionally, you may not make this resource available on a publicly accessible internet website.

If you are interested in sharing this resource with your colleagues please be sure to purchase additional licenses from Teachsimple. Thank you for helping to protect the terms of use stated above.

This resource has been produced by Syed Hammad Rizvi, who takes great pleasure in providing this resource to teachers!