This unit is designed to teach students the principles and processes of budgeting. Students develop an understanding of budgeting and money management on all levels. They tackle personal budgeting, the creation of the federal budget, and the consequences of budgetary choices. The unit guides students to a deep understanding of concepts and processes through simulations, presentations, and vocabulary-building activities.
In this simulation-style lesson plan, students learn how to develop a personal budget. Students select careers, homes, cars, family size, and other lifestyle choices and then develop a workable budget considering those criteria. They develop an understanding of a realistic budget and the difference between wants and needs.
Students learn about how the federal government manages money. They develop an understanding of the fundamentals of federal budgeting, including revenue streams, budgetary choices, and their consequences. This lesson includes both a PowerPoint and paper option.
This lesson shows students how the government gets its budget. It leads students through each step of the legislative process that results in a federal budget. Through a PowerPoint presentation or paper reading option, students learn about the compromises and choices that go into creating a budget to fund our government!
Do you like to control your own money? In People’s Pie, you control the budget of the federal government!
This lesson plan allows students to work as different parts of Congress to balance part of the budget. They work through the process of balancing the budget from resolutions to appropriations. Ultimately, they must compare their version of the budget to the President's proposal and decide whether he would sign or veto their bills!