date
name_
I:1
U
--.t*l-=\tu
allowance allocation
t-l-€&ad
directions
using
io,-,r ,.*.fr.r will tell you how rnuch "money" you have to.spend Yrcu Tuy !e
b.eans
orotherobjectst"ptt""mone)i'No*'ytt''"edtomakespendingdecisionsinallof
ifr.t. ."t.gfries. PlaJe one bean in each square next to the opiion vou choose in each
goul is ro spencl somethingin each category, making sure you have enouqh
money to cover all categories.
;;;;;"ry.%r.
school lunches
take packed lunch from home
buy lunch at school
buy lunch at nearby fast-food restaurant
video games
play
with games you alreadY
have
purchase used video games
play video games at an arcade
buy new video games
www.practicalmoneyskills.com for teachers
T
tr T
TT
I
T tr
T T tr
E E tr
activlty 1-1 Page
1
name_
il
rH':J-\ -;;;r-:lde
[=L:
ffis
allowance allocation
moues
borrow from public librarY
rent
a
video
go to half-price matinee
go to see full-price movie
sports equipment
use equipment that you already have
buy used sports equipment
buy new sports equiPment
buy brand-name sports equlPment
www. pnacticalmoneyskills'
com for teachers
T
tr tr
tr T T
T tr T
T
E tr
TET
tr n tr
activity 1-1 page 2
allowance allocation
clothes
wear what you alreadY have
buy at a thrift store
buy at a discount store
buy at a department store
T
TT
tr T tr
T tr n
donations to church or other charitY
less than five Percent
five percent
10 percent
www. pnacticalmoneyskills.com for teachers
T
TT
ET
activity 1-1 Page 3
date
Iesson 1 quiz: sPending Plans
circle the correct answer for each question'
1. Spending plans are decisions about how you spend your allowance'
True
False
A written spending plan is the best way to manage an allowance'
2.
True
False
3. Spending plans should be discussed with parents'
True
False
4. Ever,vone has the same spending plan'
True
False
5.
My spending plan must remain the same for an entire
year'
True
False
5. Giving to a church or charity can be part of my spending plan
Tiue
False
7. Changes can be made in my
written spending plan:
i
O.tlv once a week
b. OnlY once a month
c. Only everY slr months
d. As my needs change
8. Saving provides moneY for:
a. EmergencY exPenses
b. Unplanned exPenses next Year
c. Expenses in five Years
d. Ail of the above
9.
A spending
Plan can be m-ade bY:
'
a. Keepine a diarY of exPensesb. Ask'i"g u friend to mike it for You
.. O..idi"g what to purchase whin you go to. the store
J. Ct..t l,ig how much money is in your pocket
10,
Which of the following is NOT a spending plan category:
a. TransPortation
b. Entertainment
c. CandY bars
d. Clothing
www.pnacticalmoneyskills.com for teachers
level
2-lessonl
quiz
lesson 1 quiz: sPending Plans
circle the correct answer for each question'
1. Spending plans are decisions about how you spend your allowance
True *
False
2. A written spending plan is the best way to manage an allowance'
True *
False
3. Spending plans should be discussed with parents'
Tiue *
False
4. Evervone has the same spending plan.
True
False
5.
*
My spending plan mlrst remain the same for an entire
year'
True
False
*.
5. Giving to a church or charity can be part of mv spending plan'
Tiue *
False
7. Changes can be made in my written spending plan:
i. Onty once a week
b. Only once a month
c. Only everY six months
d. As my needs change *'
8. Saving provides moneY for:
a. EmergencY exPenses
b. Unplanned exPenses next Year
c. Expenses in five Years
d. All of the above *
9.
plan can be m-ade bY:
A spending
'
10.
a. Keepint a diarY ofexPenses *
b. Asking a iriend to make it for You
c. Deciding what to purchase when you go to. the store
d. Checkiig how much moneY is in your pocket
Which of
tl-re
following is NOT a spending plan category:
TransPortation
b. Entertainment
a.
c. CandY
bars *
d. Clothing
www.practicalmoneyskills'com for teachers
level 2 - lesson 1 answer
keY
date
name_
fl
,Fits\,
spending diarY
"J*{'=Bd*
t-H
@ffi
directions
At the end of the week you may
out this chart, answer the
fi1l
vou
After
be surprised to see where Your monev goes'
For one week, keep track ofhow you spend your mone,v.
questions below.
day
amount spent
item
setting uP a spending Plan
What are the common categories for the
expenses
in you spending diary?
7.
2.
J.
4.
5.
how much did you spend in each Gategory?
total amount sPent
categorY
www. pnacticalmoneyskills.
com for teachers
activity 1-3
date
name_
flt
A[:=*H*
spending plans
l=L*
W\fl
directions
you
Put yourself on a budget for one month. First, determine what categories of expenses
what
your
decide
Then
"gift,"
for
example.
and
"fun,"
food,"
have. You may includE
actually spend'
spending limit ir foi .u.n categoty. Each iveek track how much you
expense
category
www. practicalmoneyskills.
weekly
budget
com for teachers
amoLtnt spent
week
L
week2
week 3
week 4
activity 1-4