Episode 1 of 60 · Financial Literacy: Cash Course
What Is a Budget?
Grades 6th+
Economics — Economics & Financial Literacy · Financial Literacy — Economics & Financial Literacy · Financial Literacy · Economics — Contemporary World Issues · Captions
About This Video
In just a few minutes, middle and high school students will learn the benefits of budgeting and how to apply it to their own finances right now.
Standards Met in Ohio
- 4-6.1Grades 4th, 5th, 6thPeople have limited resources and must prioritize their needs and wants. Saving and/or investing a percentage of income contributes to an individual's financial well-being. Professionals can help individuals determine financial goals.
- CWI.9-12.19.lp.gGrades 9th, 10th, 11th, 12thIdentify/discuss the aspects of a personal economy (e.g., expenses, income, budget, savings, etc.).
- CWI.9-12.21.lp.gGrades 9th, 10th, 11th, 12thIdentify/discuss the aspects of a personal economy (e.g., expenses, income, budget, savings, etc.).
- CWI.9-12.22.lp.hGrades 9th, 10th, 11th, 12thIdentify/discuss the aspects of a personal economy (e.g., expenses, income, budget, savings, etc.).
- EFL.9-12.11.lp.cGrades 9th, 10th, 11th, 12thUnderstand that working at a job can provide income to pay for wants and needs.
- EFL.9-12.13.lp.bGrades 9th, 10th, 11th, 12thIdentify needs as a higher priority in a budget over wants.
- EFL.9-12.13.lp.iGrades 9th, 10th, 11th, 12thEngage with representations of wants and needs.
- EFL.9-12.14.aGrades 9th, 10th, 11th, 12thCreate a simulated personal budget that includes income, monthly expenses, and other expenses (e.g., clothing, recreation, grooming items, home needs, food).
- EFL.9-12.14.bGrades 9th, 10th, 11th, 12thCreate a simple budget that includes identified income and expense amounts.
- EFL.9-12.14.lp.hGrades 9th, 10th, 11th, 12thIdentify a budget.
- EFL.9-12.14.lp.iGrades 9th, 10th, 11th, 12thEngage with representations of wants and needs.
- EFL.9-12.17.lp.eGrades 9th, 10th, 11th, 12thSort examples of wants and needs.
- EFL.9-12.19.lp.eGrades 9th, 10th, 11th, 12thIdentify income, expenses, and savings in a budget.