Financial Literacy Handout 1

1. Name:
Date:
Vocabulary.
Directions: During the slideshow fill in the definition of the vocabulary word.

2. Wish List
Directions: List 5 things that you would like to buy and estimate how much it would cost
1.
Estimate:
2.
Estimate:
3.
4.
Estimate:
5.
Estimate:

3. Research for Wish List and Budget
Directions: Research the cost of each thing on your wish lists. Add where you found the
price. (If on the computer, have them add the link)
1.
Site:
2.
Site:
3.
Site:
4.
Site:
5.
Site:

4. Budget Guideline
Monthly Budget
Bills and Fixed Expenses:
Source Amount
Taxes/Medical $300
Housing
Utilities
Variable Expenses:
Source: Wish List Amount Source Amount
Transportation
Summary:
Source Amount
Income $3,000
Bills and Fixed Expenses
Variable Expenses
Balance

5. Budget Milestones
1. What will your savings be like in 3 months? In 6 months? A year?
2. How long will it take for each item on your wish list to be achieved based on your
budget?
3. Is your budget flexible? Why or why not?
4. How did you break up your paycheck? Explain.
5. Will you have any savings from your monthly paycheck? Why or why not.

6. Sorting of Wish List
Directions: Sort your wish list into the two columns based on what type of goal it is.
Short-Term Goal Long-Term Goal

7. Scenarios
Directions: When presented with the different scenarios create a solution to the
problem. Each scenario the students will have 4 minutes to come up with one to two
solutions to the problem presented in the scenario and then in small groups will
share what their solution is.
Scenario #1
Scenario #2