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Making the Most of the Budget Exercise. Chapter 4 of Career Choices. The Budget. The first half of Chapter 4 (pp. 74-96) An expanded version is available in the optional Lifestyle Math workbook “Money talks” and this is the point at which the attitudinal shift happens for many students.
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Making the Most of the Budget Exercise Chapter 4 of Career Choices
The Budget • The first half of Chapter 4 (pp. 74-96) • An expanded version is available in the optional Lifestyle Math workbook • “Money talks” and this is the point at which the attitudinal shift happens for many students
The Premise • Students are asked to outline a budget for the lifestyle they envision for themselves at a defined point in the future • For secondary students – project to age 29
Method to the Money Madness • Idealizedbudgeting process – starts with what they want • Fear not, for reality will rear its startling head before too long • Budget figures provide a quantitative checkpoint when students are asked to determine how big a commitment they are willing to make to education and/or training
Your New Best Friend Locate your Instructor’s Guide, then hold it close & never let it go.
Review Section 4 breaks down each chapter, activity by activity, for a walk-thru of the entire Career Choices process.
Allow Ample Time It may take longer than you expect to get through the budget exercise, especially the first time through.
Gather Your Resources • Checklist • Instructor’s Guide, p. 4/52 • Opportunities for guest speakers • Instructor’s Guide, pp. 11/21-11/22 • Ideas shared by other instructors • Throughout the Instructor’s Guide • CareerChoices.com • Instructor’s Guide, p. 4/51
Model the Process Review the entire budget as a class first and complete a budget by consensus. Instructor’s Guide, p. 4/48
Let the Dreams Begin • The process needs to be personal • Give students the latitude to include [insert insanely expensive luxury item here] in their budgets • Remember, they will eventually reconcile budget and education or training needed
Expanded Budget Same process More depth More math practice Instructor’s Guide, pp. 4/49-4/50
“This class has helped me in realizing that school is actually important. The section that helped me the most is the budget one. At first I was like, ‘It’s okay I can pay whatever.’ Then when we add the totals I was like ‘Dang! This is going to cost a lot.’ That’s when I noticed that school is really important.”- Juan, Student at Indio High School