Standard Unwrapping

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Vocabulary
actionsbudgetexpensesincome
Skills
  • describe (actions that might be taken to balance a budget when expenses exceed income) #dok2
  • identify (when expenses exceed income in a budget) #dok1
  • analyze (the impact of different actions on balancing a budget) #dok3
Learning Targets
  • I can identify when my expenses are greater than my income in a budget. #dok1
  • I can describe actions that might help balance my budget when I spend more than I earn. #dok2
  • I can analyze how different actions affect the balance between income and expenses in a budget. #dok3
Big Ideas
  • Managing a budget is about making choices when expenses are greater than income.
  • Actions such as reducing expenses or increasing income are necessary to balance a budget.
Essential Questions
  • What does it mean if your expenses are greater than your income?
  • What actions can you take if you find yourself with more expenses than income?
  • How do different actions, such as reducing spending or increasing income, help balance a budget?
  • Why is it important to balance a budget?