1. A Personal Finance Project
Budget O’Rama
A Personal Finance Project

2. Needs Assessment
Personal Finance domain in the Georgia Performance Standards contains six standards, each with 4 – 6 specific elements.
Teachers struggle to facilitate all that students must learn given time constraints.
Students have a difficult time grasping the relevance when the info is conveyed in a traditional style.

3. Objectives of the Lesson
Personal Finance Economics- GPS
SSEPF1 The student will apply rational decision making to personal spending and saving choices.
SSEPF2 The student will explain that banks and other financial institutions are businesses that channel funds from savers to investors.
SSEPF3 The student will explain how changes in monetary and fiscal policy can have an impact on an individual’s spending and saving choices.
SSEPF4 The student will evaluate the costs and benefits of using credit.
SSEPF5 The student will describe how insurance and other risk-management strategies protect against financial loss.

4. Implementing the Lesson
Based on their birthdays, students are assigned a modest income.
January
February
March
April
May
June
Even Date
$38,000
$38, 300
$38, 600
$38,900
$39,200
$39,500
Odd Date
$39,800
$40,100
$40,400
$40,700
$41,000
$41,300
July
August
September
October
November
December
$41,600
$41,900
$42,200
$42,500
$42,800
$43,100
Odd
Date
$43,400
$43,700
$44,000
$44,300
$44,600
$44,900

5. Real – World Task Sheet 1) Discover Net Income after Taxes
7) Locate and Record Insurance Costs for various
2) Invest 10% in a Public Stock and recognize the Strengths and Weaknesses of other investment options
8) Determine detailed weekly food requirements
3) Locate and determine housing costs
9) Determine entertainment expenditures
4) Determine Utility Bill
10) Determine clothing expenditures
5) Find an Auto and determine financing expenses
11) Assess miscellaneous expenses
6) Determine monthly gas needs
12) Include Student Loan repayment

6. Progressive Taxes and Net Income

7. Investments

8. Tracking a Stock

9. Housing and Utilities

10. Auto and Gas Expenses

11. Discussion Forum

12. E-Learn Quiz Assessment

13. Student Response

14. Bonus: Xtranormal Video

15. Final Assessment