Budgeting Strategies for Teens (Flex)

Students will be able to:
Week 1: Budgeting for Teens
-Differentiate between income and expenses
-Classify expenses into needs or wants
-Think critically about how daily choices impact their budget now and in the future
Week 2: Budgeting Strategies
-Define wealth and differentiate it from “having lots of fancy stuff”
-Understand the  importance of creating a budget and paying themselves first
-Describe the key aspects of three popular budgeting strategies - 50/30/20, Zero-based, and Cash Envelope
Week 3: Complete a Budget
-Differentiate between gross and net pay
-Create a budget
-Research and choose appropriate budgeting apps
Week 4: Budgeting in the Gig Economy
-Define the gig economy and freelancing
-Understand the financial implications of working in the gig economy
-Acknowledge the importance of saving if you work a gig job
Week 5: Budgeting for Your Home
-List factors to consider when deciding where to live
-Describe benefits of having a roommate and how to set themselves up for success in living with others
-Find and rent their first apartment
-Budget for utilities and renters insurance
-Decide whether to rent or buy a home
Week 6: Budgeting for Transportation
-Identify different options for car ownership and the costs associated with these options
-Conduct online research regarding the cost of car ownership
-Make decisions to budget effectively in order to meet transportation needs
Week 7: Budgeting for Food
-Implement a variety of strategies to save money on groceries
-Calculate the unit price on common grocery items
-Understand how dining out affects your finances

I am from the United States and have been teaching various business, marketing, and finance courses for 13 years. I have taught both at the high school and collegiate level. I teach both in person and online but online is my favorite! I have a Bachelor's degree in Marketing and Business Information Technology Education, a Masters in Business Administration and a PhD in Online Education. 
I am very excited to work with all of you through Outschool!

Exit ticket at the end of the lesson.

No live meetings, and maybe some time outside of class.