Section B

The goal of this activity is to budget expenses with the aim of saving for a short$-$term purchase $($a car$),$ and to see the results of saving over a long$-$term for a larger purchase $($a home$).$ The student is working a full$-$time retail job for the summer. They will develop a monthly budget of expenses, modifying their behaviour so as to create savings. Then they will brainstorm ideas presenting an opportunity for savings or spending.

Students will brainstorm ways to manage their own budgets while making room for investments. In this way, students are examining ways to save money to "invest" in themselves, for a return in their lives over the long$-$term.

Students will use a template of a personal budget to display their ideas above being as realistic as possible. $($Template provided on Excel on Blackboard, Students to enter amounts and automatically figures will be computed$)$