Lesson Plan
Moving from Allowance to Income
Students will learn to transition from managing an allowance to earning and budgeting income, while developing key financial literacy skills including budgeting, saving, and understanding different income sources.
Understanding personal finance is critical for independence and success in adulthood. This lesson fosters practical money management skills relevant to real-life scenarios.
Audience
Time
Approach
Materials
Prep
Lesson Preparation
15 minutes
Step 1
Introduction and Context Setting
10 minutes
Step 2
Exploring Income and Budgeting
20 minutes
Step 3
Practice Activity: Income and Budget Planning
20 minutes
Step 4
Wrap-up and Reflection
10 minutes
Slide Deck
Managing Personal Income
Different Income Sources
Budgeting Basics
Practical Example: Budgeting
Key Takeaways
Worksheet
