Theme 3 Lesson 7:
Managing Cash

Although most middle school and junior high students do not hold full-time jobs, many of them have money to spend, often from an allowance or a part-time job. As a group, they have discretionary income that totals, by some estimates, billions of dollars a year. Yet, while teens tend to be prolific consumers, most do not have a plan, or budget, for sensible spending and saving. This lesson challenges students to create a reasonable spending plan based on an appropriate allocation of income in a number of categories, such as clothing, entertainment, and food.

Visuals & Activities


  • Budget
  • Cost
  • Expenses
  • Fixed Expenses
  • Income
  • Opportunity Cost
  • Periodic Expense
  • Periodic Income
  • Trade
  • Trade-off

Standards in Economics and Personal Finance

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Related Lessons


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