1. Introduction to Spending Plans!
Introductory Level

2. Racing for the Money 1. Four Groups 2. A clue will be Read 3. On “GO”
Each group needs sticky notes
2. A clue will be Read
Group writes answer on a sticky note
3. On “GO”
1 team member runs and posts answer

3. Racing for the Money Quadrant
Team 1
Team 2
Team 3
Team 4
One point for each group

4. What is an example of Income?
Team 1
Team 2
Team 3
Team 4
One point for each group

5. What is an example of Expenses?
Team 1
Team 2
Team 3
Team 4
One point for each group

6. What is a Net Gain? Team 1 Team 2 Team 3 Team 4
Team 2
Team 3
Team 4
One point for each group

7. What is a Net Loss? Team 1 Team 2 Team 3 Team 4
Team 2
Team 3
Team 4
One point for each group

8. What is a Spending Plan? Team 1 Team 2 Team 3 Team 4
Team 2
Team 3
Team 4
One point for each group

9. What can help us manage our spending?
Think, Pair, Share
2 minutes to think or scan reading
2 minutes to discuss with a partner
Randomly selected groups will share out with the class

10. SPENDING PLANS What is it? Why use one?
A tool to help manage how you spend your money.
Spending plans are used to help
Track where money is going
Identify income & expenses
Meet financial goals

11. Spending Plan Terminology
Income
Expense
Place Cards here:
Money Earned
Place Cards here:
Money Spent

12. How do you make a spending plan?
Tracking
Income & Expenses
Past Records
Personalize
How to keep track?
Paper, Cell Phone, Computer
Time
Weekly, bi-weekly, monthly
Categories
Where do you spend?
Create a category

13. Spending Plan Process (cont.)
Money in Each Category
Your past spending?
Average percentages
Determine Anticipated Spending
Keep Track
Keep records
Cell, computer, receipts, paper?
Evaluate & Adjust
Did you overspend?
Did you over estimate?
Spending Plan Process (cont.)

14. Spending Plan Goal Goal is to have a zero balance
Income greater than expenses = Net Gain
Expenses greater than income = Net Loss

15. How did your “rollin” with it go?
Sean is Rollin’ With It:
1. Roll the die
2. Fill in the blanks with the numbers rolled
3. Complete the spending plan with “rolled” numbers
How did your “rollin” with it go?

16. Rolling out a… Net Gain Net Loss More Income than Expenses
Any Adjustments?
More Expenses than Income
Any Adjustments?

17. Spending Plan Contents
Income
Expenses
Salary & Wages
Tax Returns
Interest earned on Savings & Investments
Money from others
Food
Housing & Utilities
Transportation
Savings
Insurance
Clothing
Net Gain or Net Loss

18. Lee’s Spending Plan Example
Income
Expenses
Item
Amount
Mowing a lawn
$10.00
Movie ticket and popcorn
$15.00
Birthday gift
Snack and drink
$5.00
Total
$25.00
$20.00
Does he have a Net Gain or a Net Loss?
If he would like to buy a new shirt for $15, can he?

19. In Conclusion A spending plan: A spending plan tracks: A Net Gain is:
Is a tool to help people track their money
A spending plan tracks:
Income and expenses
A Net Gain is:
More income than expenses
A Net Loss is:
More expenses than income

20. In Conclusion Track Past Income and Expenses Personalize
Determine Anticipated spending
Track your Actual Income and Expenses
Evaluate and Adjust

21. Your Turn! Budget your beans to pay for the things you need and want
Spending Plan Shake-Up…
Budget your beans to pay for the things you need and want
Each square is worth one bean and all the squares must be filled to have that item
Budget as if you are a senior in high school

22. Spending Plan Shake-Up
Could you afford everything that you needed?
Could you afford everything that you wanted?
How does Spending Plan Shake-Up relate to real life?