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What are important factors to consider when creating and organizing a budget?

Subquestions:

What does it mean to balance a budget?

What items would you include as expenses in a budget as an adult?

What would you do if your expenses exceeded your income?

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§111.7. Grade 5, (b) Knowledge and skills.

(10)  Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to:

(D)  develop a system for keeping and using financial records;

(E)  describe actions that might be taken to balance a budget when expenses exceed income; and

(F)  balance a simple budget.

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This text set includes 12 texts of all media types that support the content goal question.