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Vocabulary
budgetsimple budget
Skills
  • balance (simple budget) #dok2
  • identify (income and expenses in a simple budget) #dok1
  • compare (income and expenses) #dok2
  • calculate (difference between income and expenses) #dok2
Learning Targets
  • I can identify the parts of a simple budget. #dok1
  • I can recognize income and expenses in a budget scenario. #dok1
  • I can calculate the total income and total expenses for a simple budget. #dok2
  • I can compare income and expenses to determine if a budget is balanced. #dok2
  • I can balance a simple budget by adjusting income or expenses. #dok2
Big Ideas
  • A balanced budget means income and expenses are equal or income is greater than expenses.
  • Making adjustments to income or expenses helps keep a budget balanced.
Essential Questions
  • What does it mean to balance a budget?
  • Why is it important for income and expenses to be balanced?
  • How can you adjust a budget if expenses are greater than income?
  • What steps can you follow to check if a budget is balanced?