Name: Lisa Renee Payne
Subject/Grade level: Budgeting/Economics
School: Alabama School for the Deaf
Group Size: 3
Intended Class:
This performance-based assessment is intended for a 7th grade Civics/Economics class. Students
will have completed instruction in basic economics, budgeting, and banking skills.
Goals:
1. TSW be able to develop a personal budget listing 5 needs and 5 wants.
2. TSW be able to demonstrate an understanding of banking services by making deposits,
making withdrawals, using automatic funds transfers, writing checks, and reconciling
activities.
3. TSW determine which items to include on a shopping list through the use of comparison
shopping.
ALCOS:
7.8
Apply principles of money management to the preparation of a personal budget that addresses
housing, transportation, food, clothing, medical expenses, and insurance as well as checking and
savings accounts, loans, investments, credit, and comparison shopping.
Objectives
Assessment
Following instruction in budgeting, needs, and
wants, TSW develop a personal budget
including 5 needs and 5 wants, given a salary
and estimating the cost of their chosen needs
and wants from newspaper and on-line
advertisements with 100% accuracy.
Following instruction in banking services
(deposits, withdrawals, and checks), TSW
make 2 deposits, make 3 withdrawals, write 5
checks, document 1 automatic funds transfer,
and complete reconciliation of all activities
with 70% accuracy given the information for
each event from a word problem based on their
personal budget.
Following instruction in comparison shopping,
TSW develop a shopping list of 20 grocery
items either from a newspaper flyer or an online advertisement while staying within the
amount from their personal budget with 100%
accuracy.
Submission of personal budget.
Observation of independent work.
Submission of deposit slips, checks,
withdrawal slips, and reconciliation form.
Observation of independent work.
Submission of shopping list.
Observation of independent work.
Procedures
 TTW gather materials needed for the
lesson.
 TTW prepare worksheets, forms, and
documents needed for the lesson.
 TTW ensure access to technology as
needed.
 TTW provide students a rubric with
expectations and due dates listed.
 TTW provide students a folder to
collect all work.
 TTW provide students with a rubric to
explain the expectations of the project.
 TTW provide students with a calendar
to help them set up a schedule of
expected due dates of each stage of the
project.
Materials & Resources
 Blank personal budget sheet
 Career Card (1 per student)
Newspaper advertisements and access
to on-line advertisements for wants and
needs:
Websites for NEEDS (Classifieds)
http://www.dailyhome.com
http://www.al.com/birminghamnews/
http://www.al.com
Websites for WANTS
http://www.walmart.com
http://www.target.com
http://www.aeropostale.com
http://www.gap.com
http://www.petco.com
http://www.sears.com
http://www.jcp.com
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Calculator
Deposit slips (2 per student)
Checks (5 per student)
Withdrawal slips (3 per student)
Reconciliation form (1 per student)
Word Problem with details for
completing deposits, withdrawals,
checks, and electronic funds transfers.
On-line spreadsheet for creation of
shopping list.
Copies of grocery store advertisements
or an iPad or computer with internet
access to research grocery store
advertisements
Websites for Grocery Store Items
http://www.publix.com
http://www.walmart.com
http://www.pigglywiggly.com
http://www.winndixie.com
Rubric of expected goals to be
achieved.
Calendar of anticipated due dates for
each stage of the project.
White board and markers
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PowerPoint and SmartBoard with
rubric and project expectations
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Rubric
Expectations Calendar
Personal Budget Worksheet
Career Card
Folder for collecting work
Calculator
White board and markers
Day 1 Engage:
 TTW open the lesson by asking TS
why budgets are important.
 TTW wait for TS to respond.
 TTW write TS responses on the board
and expound on responses as needed.
 TTW ask TS how they keep up with
how much money they use every week.
 TTW wait for TS to respond.
 TTW write TS responses on the board
and expound on responses as needed.
 TTW ask how students can be sure they
stay “on budget”.
 TTW wait for TS to respond.
 TTW write TS responses on the board
and expound on responses as needed.
 To conclude the review of information,
TTW say, “we will work on a project to
combine budgeting, checking, and
comparison shopping.”
Day 1 Explore:
 TTW provide TS with a rubric
explaining the project.
 TTW provide TS with a calendar on
which TS will fill in the expected due
dates of each stage of the project.
 TTW review the expectations of the
project.
 TTW answer any questions and clarify
any misunderstandings from TS.
 TTW provide TS with a blank Personal
Budget worksheet.
 TTW provide TS with a random Career
Card which lists a career and salary.
 TTW remind the student that we have
wants and needs.
 TTW tell TS to make a list of 5 wants
and 5 needs for their Personal Budget
sheet.
 TTW remind TS not to forget the
important NEEDS we have.
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TTW remind TS to stay within their
salary as they develop their budgets.
TSW use newspaper and on-line
advertisements to calculate and
estimate costs of their Needs and Wants
to develop their Personal Budgets.
TSW use a calculator to verify that they
are not over budget.
TSW place their completed budget,
calendar, and rubric in their folder at
the end of the day.
Extension as time or ability levels allow:
 TSW include photos of homes, cars,
and other purchases they choose on
their budget sheet.
 TSW develop a budget which includes
pet expenses, child expenses, or other
“life” expenses.
Days 2-3 Engage:
 TTW distribute TS folders from Day1.
 TTW remind TS that budgets are an
important part of daily lives, but they
are only a small part.
 TTW ask TS “What do we do after we
have a budget?”
 TTW wait for TS to respond. (Make
purchases, spend money, use the
money, etc.)
 TTW ask “What are some ways we use
the money from our budget?”
 TTW wait for TS to respond. (cash,
checks, debit, credit, etc.)
Days 2-3 Explore:
 TTW say, “We have practiced making
deposits and withdrawals, writing
checks, using automatic payments, and
reconciling checking accounts. Now,
using your personal budget from
yesterday, you will make 2 deposits,
write 5 checks, make 3 withdrawals,
document 1 automatic funds transfer,
and complete reconciliation of all these
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Day 1 folders
o Calendar
o Rubric
o Personal Budget form
2 Deposit Slips
5 Checks
3 Withdrawal Forms
Reconciliation Form
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activities. I will give you all the
documents you need to do this work,
you just need to use your Personal
Budget from yesterday.”
TTW remind students to refer back to
the rubric to make sure they complete
all the steps, and to follow along with
their calendar to make sure they stay on
track.
TTW walk around the room to ensure
TS are on task and to assist with any
technical problems which may be
encountered.
Extension as time or ability levels allow:
 TSW include justification for expensive
purchases and optional purchases for
expenses they would like to reconsider.
 TSW set up an Option A and Option B
set of purchases. Option A would be
their “dream” purchases and Option B
would be their purchases given a
minimum wage job. TSW write a
paragraph explaining how they can
achieve their goals regardless of their
job type. (Setting up and staying on a
budget).
Day 4 Engage:
 TTW explain that TS have set up a
budget and used a checking account.
TTW ask TS “How do you make sure
you stay within your budget?”
 TTW wait for TS to respond, write
answers on the board and expound as
needed (comparison shopping).
 TTW remind TS that they have
practiced comparison shopping
techniques. TTW say “Now, you will
use your comparison shopping skills to
write a grocery list. Be sure to follow
the specifics in your rubric. You will
key your grocery list in on an Excel
spreadsheet, which, as you remember,
will allow you to do your calculations
easier.”
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Day 1 Folder
o Personal Budget
o Calendar
Day 4 Explore:
 TSW use a spreadsheet to key in a list
of 20 grocery items.
 The items must meet the specifications
from the list on the student rubric.
 TSW use comparison shopping to
ensure they stay within the personal
budget they set on Day 1.
 TSW have access to newspaper
advertisements, iPads, and computers
with internet access to review costs for
various items from local vendors.
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o Rubric
Excel spreadsheet with calculations
Newspapers with grocery store
advertisements
iPads and computers with internet
access
Extension as time or ability levels allow:
 TSW purchase items required for a
planned meal instead of a general list.
 TSW write a paragraph explaining how
local vendors impact the community
through sales tax.
Accommodations:
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TTW communicate via voice and manual communication to ensure D/HOH students
receive adequate instruction.
TTW provide additional vocabulary assistance through modeling, scaffolding,
worksheets, flashcards, and other activities to D/HOH and ADD/ADHD students as
needed to clarify any misunderstandings that may occur.
TTW use visual aids to help reinforce concepts for the D/HOH, ADD/ADHD, and VI
students.
TTW incorporate technology to provide the D/HOH, ADD/ADHD, and VI students with
opportunities for hands on learning to keep them actively engaged.
TTW provide extension activities for students who are Gifted or who need additional
challenges to help provide more detailed learning opportunities.
Grade 7 - Budgeting/Economics
Personal Budget Worksheet
Name:_____________________________________Date:_________________
SALARY: $_____________________
Want/Need
Description
Need
Groceries
Purchased
From
Piggly Wiggly
Cost
BALANCE
$200.00
$800.00
For a house payment given the cost of a house, use 5% of the total cost of the house as
your monthly payment (i.e., a $150,000.00 house would be a $750.00 payment).
For a car payment given the cost of a car, use 2% of the total cost of the car as your
monthly payment (i.e., a $15,000.00 car would be a $300.00 payment).
For your insurance payment, use 1% of the total cost of your house and/or car divided by
12 for your monthly payment (i.e. a $150,000.00 house would be
($150,000.00 x 1%)/12=$125)
Career Card:
Career Card:
High School Teacher and Coach Bus Driver
Married, No Children
Married, No Children
Monthly Salary: $3,000
Spouse’s Weekly Salary: $600
Weekly Salary: $700
Spouse’s Weekly Salary: $600
You are a married teacher. You and
your spouse work full time. This week
you will deposit your monthly salary
and your spouse’s weekly salary. You
will pay your car payment and house
payment and you will write a check for
both of them. You will also buy
groceries and clothes. You will write a
check for both of them. Then you had
to go to the doctor, you wrote a check
to the doctor too. You set up an
automatic funds transfer for your car
insurance. It comes out this week.
You went to the ATM this week and
made 3 withdrawals for 3 wants on
your list. Reconcile your sheet using
this information, your Personal Budget
sheet from Day 1, and a calculator.
You are a married bus driver. You and
your spouse work full time. This week
you will deposit your weekly salary and
your spouse’s weekly salary. You will
pay your car payment, groceries, and
water bill and you will write a check for
all 3 of them. You will also buy gas
and medicine. You will write a check
for both of them. You set up an
automatic funds transfer for your credit
card bill. It comes out this week for
$25. You went to the ATM this week
and made 3 withdrawals for 3 wants on
your list. Reconcile your sheet using
this information, your Personal Budget
sheet from Day 1, and a calculator.
Career Card:
Secretary
Part-time Sales Clerk
Not Married, No Children
Career Card:
Machine Operator
Not Married, No Children
Weekly Salary: $700
Sales Clerk Weekly Salary: $100
Weekly Salary: $700
You are a secretary and a part-time
sales clerk. This week you will deposit
your weekly salary for both jobs. You
will pay your car payment and rent and
you will write a check for both of them.
You will also buy groceries and clothes.
You will write a check for both of
them. Then you write a check for your
utility bill of $75. You set up an
automatic funds transfer for your phone
bill. It comes out this week for $85.
You went to the ATM this week and
made 3 withdrawals for 3 wants on
your list. Reconcile your sheet using
this information, your Personal Budget
sheet from Day 1, and a calculator.
You are a machine operator. This week
you will deposit your weekly salary.
You will pay your rent and groceries.
You will write a check for both of
them. You will also pay 2 credit card
payments. You will write a check for
both of them at $25 each. Then you
write a check for your rent. You set up
an automatic funds transfer for your car
payment. It comes out this week.
You went to the ATM this week and
made 3 withdrawals for 3 wants on
your list. Reconcile your sheet using
this information, your Personal Budget
sheet from Day 1, and a calculator.
Checking Account Reconciliation Form
Name:_______________________________________Date:________________
Number
Date
Item Description
Payment,
Deposit
Fee,
, Credit
Withdrawal
Balance
101
1/2/12
Wal-Mart groceries
$150.00
$500
Shopping List
Name:_____________________________Date:____________
This is a shopping list for a week. Your shopping list should include 20 items.
The total cost of the 20 items should remain within the budget you set on your
Personal Budget sheet on Day 1. Be sure to include items from the following
groups, but the exact items from each group are your decision.
CATEGORIES
 Breakfast items (enough for 5 days)
 Lunch items (enough for 5 days)
 Dinner items (enough for 5 days)
 Snacks
 Drinks
 Fruits and/or vegetables (2 servings)
 Other….
After you have made your selections, enter your choices on an excel spreadsheet
using the following format:
Category
Breakfast
Fruits/Vegetables
Lunch
Breakfast
Item
Purchased
Description from
Cost
Pop Tarts
Apples
Salad Kit (2)
Eggs
Progresso Soup
Lunch
(4 cans)
Michelina’s
Microwave
Lunch
Meals
Dinner
Pizza
Dinner
Chicken Alfredo
Drinks
Bottled Water
REMAINING BALANCE
Wal-Mart
Piggly Wiggly
Winn Dixie
Wal-Mart
$2.50
$4.95
$3.95
$2.50
Publix
$5.00
Publix
Publix
Wal-Mart
K-Mart
$2.50
$5.00
$5.00
$3.50
$65.10
Budgeting Performance Assessment Rubric
Name:______________________________________Date:_______________
Objective
10 Points
8 Points
6 Points
4 Points
2 Points
Personal
Budget
Worksheet
– Develop
a budget
given a
salary
The student
will develop a
complete
budget
including 5
needs
(housing,
transportation,
food, clothing,
medical
expenses,
savings, and
insurance) and
5 wants
(entertainment,
credit cards,
grooming, cell
phones) given
a salary.
The cost of
needs and
wants is
estimated from
newspaper and
on-line
advertisements
without going
over budget
based on the
given salary
with 100%
accuracy.
The student
makes 2
deposits,
makes 3
withdrawals,
writes 5
checks, and
documents 1
automatic
funds transfer,
completing all
11 activities
with 100%
The student
will develop a
budget
including 3-4
needs
(housing,
transportation,
food, clothing,
medical
expenses,
savings, and
insurance) and
5 wants
(entertainment,
credit cards,
grooming, cell
phones) given
a salary.
The student
will develop a
budget
including 5
needs
(housing,
transportation,
food, clothing,
medical
expenses,
savings, and
insurance) and
3-4 wants
(entertainment,
credit cards,
grooming, cell
phones) given
a salary.
The student
will develop a
budget
including 2-4
needs
(housing,
transportation,
food, clothing,
medical
expenses,
savings, and
insurance) or
2-4 wants
(entertainment,
credit cards,
grooming, cell
phones) given
a salary.
The cost of
needs and
wants is
estimated from
newspaper and
on-line
advertisements
going over
budget based
on the given
salary by $20$40.
The cost of
needs and
wants is
estimated from
newspaper and
on-line
advertisements
going over
budget based
on the given
salary by $41$60.
The cost of
needs and
wants is
estimated from
newspaper and
on-line
advertisements
going over
budget based
on the given
salary by $61$80.
The student
will develop a
budget
including less
than 2 needs
(housing,
transportation,
food, clothing,
medical
expenses,
savings, and
insurance) or
less than 2
wants
(entertainment,
credit cards,
grooming, cell
phones) given
a salary.
The cost of
needs and
wants is
estimated from
newspaper and
on-line
advertisements
going over
budget based
on the given
salary by more
than $80.
The student
makes 2
deposits,
makes 3
withdrawals,
writes 5
checks, and
documents 1
automatic
funds transfer,
completing 910 activities
with 80%-90%
The student
makes 1
deposit, makes
2 withdrawals,
writes 4
checks, and
documents 1
automatic
funds transfer,
completing 8-9
activities with
70-80%
accuracy.
The student
makes 1
deposit, makes
1 withdrawal,
writes 2
checks, and
documents 1
automatic
funds transfer,
completing 7-8
activities with
60-70%
accuracy.
The student
makes 1
deposit, makes
1 withdrawal,
writes 1 check,
and documents
1 automatic
funds transfer,
completing
less than 7
activities with
less than 60%
accuracy.
Banking
Services –
Deposits,
Withdraw
als,
Checks,
EFT, and
Reconcilia
tion
completed
TOTAL /
NOTES
Shopping
List in
Excel
formatted
with
Calculatio
ns
accuracy.
The student
completes
reconciliation
of all activities
with 100%
accuracy.
accuracy.
The student
completes
reconciliation
of activities
with 80-90%
accuracy.
The student
completes
reconciliation
of activities
with 70-80%
accuracy.
The student
completes
reconciliation
of activities
with 60-70%
accuracy.
The student
completes
reconciliation
of activities
with less than
60% accuracy.
The student
will develop a
shopping list
of 20 grocery
items.
The student
will develop a
shopping list
of 16-19
grocery
items.
The student
will develop
a shopping
list of 12-16
grocery
items.
The student
will develop
a shopping
list of 8-11
grocery
items.
The student
will develop
a shopping
list of less
than 8
grocery
items.
The student
will develop a
shopping list
of items from
at least 7
categories
including:
breakfast,
lunch, dinner,
snacks,
drinks,
fruits/vegetab
les, and other
items with
100-90%
accuracy.
The student
will develop a
shopping list
of items from
at least 6
categories
including:
breakfast,
lunch, dinner,
snacks,
drinks,
fruits/vegetab
les, and other
items with
90-80%
accuracy.
The student
will develop
a shopping
list of items
from at least
5 categories
including:
breakfast,
lunch, dinner,
snacks,
drinks,
fruits/vegetab
les, and other
items with
80-70%
accuracy.
The student
will develop
a shopping
list of items
from at least
4 categories
including:
breakfast,
lunch, dinner,
snacks,
drinks,
fruits/vegetab
les, and other
items with
70-60%
accuracy.
The student
will develop a
shopping list
which stays
within their
Personal
Budget with
100%
accuracy.
The student
will develop
an Excel
spreadsheet
listing their
shopping list
The student
will develop a
shopping list
which
exceeds their
Personal
Budget by
$21-30.
The student
will develop
a shopping
list which
exceeds their
Personal
Budget by
9+$31-40.
The student
will develop
a shopping
list which
exceeds their
Personal
Budget by
$41-50.
The student
will develop
an Excel
spreadsheet
listing their
shopping list
The student
will develop
an Excel
spreadsheet
listing their
shopping list
The student
will develop
an Excel
spreadsheet
listing their
shopping list
The student
will develop
a shopping
list of items
from at least
less than 4
categories
including:
breakfast,
lunch, dinner,
snacks,
drinks,
fruits/vegetab
les, and other
items with
less than 60%
accuracy.
The student
will develop
a shopping
list which
exceeds their
Personal
Budget by
more than
$50.
The student
will develop
an Excel
spreadsheet
listing their
shopping list
items which
is formatted
with 4
headings
(Category,
Item
Description,
Purchased
From, Cost),
all 20
selected items
are listed,
costs of each
item are
included, and
a remaining
balance is
totaled.
items which
is formatted
with 4
headings
(Category,
Item
Description,
Purchased
From, Cost),
16 selected
items are
listed, costs
of each item
are included,
and a
remaining
balance is
totaled.
items which
is formatted
with 4
headings
(Category,
Item
Description,
Purchased
From, Cost),
12 selected
items are
listed, costs
of each item
are included,
and a
remaining
balance is
totaled.
items which
is formatted
with 4
headings
(Category,
Item
Description,
Purchased
From, Cost),
8 selected
items are
listed, costs,
of each item
are included,
and a
remaining
balance is
totaled.
items which
is formatted
with 4
headings
(Category,
Item
Description,
Purchased
From, Cost),
less than 8
selected
items are
listed, costs
of each item
are included,
and a
remaining
balance is
totaled.