Budgeting & Saving

Unit 7: Budgeting and Saving for Real Life, Career Exploration Part 2

Mid March-Early April

CONCEPTUAL UNDERSTANDING

Students can learn the importance of budgeting and saving, as well as potential life events that might affect one's finances such as college debt. 


KEY CONCEPT

SYSTEMS: sets of interacting or interdependent components. Systems provide structure and order in human, natural and built environments. Systems can be static or dynamic, simple or complex.

Students will learn about the financial systems that exist such as taxes, healthcare, college debt, etc. that will impact their budgeting and savings for the future. 

RELATED CONCEPTS

 1)  PERSPECTIVE is the position from which we observe situations, objects, facts, ideas and opinions. Perspective may be associated with individuals, groups, cultures or disciplines. Different perspectives often lead to multiple representations and interpretations, 2) RESOURCES: Resources relate to the supply of a commodity or of information or knowledge about a topic. 

Students can develop their perspective on budgeting and savings for the future understanding different aspects of consumption and limited resources. 

SUBJECT-SPECIFIC CONCEPTS

Budgeting, saving, salary projection for careers, FASFA, scholarships


GLOBAL CONTEXT

GLOBALIZATION AND SUSTAINABILITY: This Global Context explores the interconnectedness of human-made systems and communities; the relationship between local and global processes; how local experiences mediate the global; the opportunities and tensions provided by world interconnectedness; the impact of decision-making on humankind and the environment. It asks students to ask themselves how everything is connected.


Students will explore the Global Context of Globalization and Sustainability as they will have to navigate building a budget based on human-made systems in our society as it relates to consumption.

STATEMENT OF INQUIRY

People gain perspective as they learn how to manage their resources and nagivate systems. 

INQUIRY QUESTIONS

Factual

What costs do I need to factor into a budget?


Conceptual 

What real life situations might pose a problem to budgeting and saving plans?


Debatable 

How can budgeting and saving affect my future?



The Budgeting and Savings for Real Life project will be assessed on Student Learning Objectives Rubric. Assessment #3






Helpful Links for Budgeting Savings Project

Links

Will you be able to afford the lifestyle you want?

https://texasrealitycheck.com/

After high school, students can expect to pay for housing, transportation, clothes, etc., but how much will their future cost? In order to adequately prepare for the future, students should explore the cost of their future. 

Budgeting and Saving Project   

Link to Google Doc