My Monthly Budget

My Monthly Budget

  • Secondary
  • Year 7 - 8
  • Humanities and Social Sciences
  • Business and Economics
  • Economic
  • Financial Literacy
  • ...

Lesson summary

In this activity you’ll create a simple budget to help you save for some things on your wishlist. At the end of the month, you’ll reflect on your actual income and expenses and whether you were able to save enough for the things you wanted.

Lesson guides and printables

Student Worksheet

Lesson details

Curriculum mapping

Curriculum codes:

Ideal for: Lower secondary


  • think and connect

Time required: 40 minutes, with a one-month follow-up

Curriculum connections: Business and Economics, Personal and Social CapabilityCritical and Creative ThinkingSustainability

Tips for parents and carers

There are many different methods used to create a budget. The one chosen for this lesson is a simple version designed for young teenagers who are unlikely to have formal part-time work. To teach kids to create a budget, they will need to predict and then keep a record of all income sources and all of the known expenses for wants for one month. We will assume that at this age, students are not required to pay for goods or services considered ‘needs’.

Additional info

Learning@Home resources are designed for parents and teachers to use with children in the home environment. They can be used as stand-alone activities or built into existing curriculum-aligned learning programs. Our Learning@Home series includes two types of resources. The first are fun and challenging real-world activities for all ages, the second are self-directed lessons for upper primary and secondary students. These lessons support independent learning in remote or school settings.

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