1. Learning Objective Agenda: 1. Dates to remember
Today we will begin learning about budgeting and the differences between needs and wants.
Agenda:
1. Dates to remember
2. Key Words
3. Learning Exercise
4. Homework

2. This Week’s Dates to Remember
Tues. Sept. 11th- Mandatory 9th Grade Parent Night
in the Cafeteria 6-7pm
Thurs. Sept. 13th- Mandatory 10th Grade Parent Night
in the Cafeteria 6-7pm
Thurs. Sept. 13th- Student Council’s 1st meeting
in the Library 4:15-5pm

3. Key Words Budget- a written plan to spend your money.
Debt- money that is owed or due.
Loan- money that is borrowed and will need to be repaid, typically with interest, ex. school loan, mortgage (loan to purchase a house), or car loan.
Interest- the charge for borrowing money. For example, for a $100 loan if the interest is 6%, you would need to pay back the $100 plus $6 for the loan.

4. Needs Vs. Wants Learning Exercise
A budget can help you figure out where your money is going, prioritize expenses, save for your future and stay out of debt. The first thing to starting a budget is figuring out needs and wants. With a partner, make two columns on a sheet of paper. At the top of one column, write needs. At the top of the other, write wants. List these in the correct column: house, eating out, groceries, electricity, cell phone, cable, clothes, going out with friends. Are there some that can go in both columns? What happens if you run out of money before you pay all of your needs?

5. Homework
Track your expenses for one week. Is the money going where you thought? Did you buy some things that you regret? Are you able to save for something big, such as a car or college?