Creating a Lifestyle Budget

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  • Lesson Identification and TEKS Addressed

    Cluster : Career Development

    Course : Career Portals: Middle School

  • TEKS Student Expectations

    • (4) The student explores the professional skills needed for college and career success. The student is expected to:
      • (C) develop a personal six-or eight-year achievement plan that incorporates rigorous academic and relevant enrichment courses
  • Basic Direct Teach Lesson

    Instructional Objectives

    Students will:

    • create a budget based on their projected lifestyle profiles
  • Rationale

    In the previous lesson each of you developed a personal lifestyle profile and a personal lifestyle timeline.

    Today we will be exploring the financial responsibility that comes with each lifestyle. You will develop a working budget based on your projected lifestyle.

  • Duration of Lesson

    Three 45 minute minute class periods

  • Word Wall

    Budget: The total sum of money set aside or needed for a purpose

    Deductions: To take away, as from a sum or amount

    Gross Pay: The total amount of pay before deductions are taken

    Mortgage: A deed for property as security for the repayment of money borrowed (Owner responsible for all repairs)

    Net Pay: The pay you take home after deductions

    Overtime Pay: Pay you get for working time before or after one’s regularly schedule working hours.extra working time

    Rent: a payment made by a tenant for use of land, a building, an apartment, office, or property (Owner of property is responsible for any repairs)

    Savings: Sums of money put away for a later date

    Workforce: The total number of workers in a specific workplace

  • Materials/Specialized Equipment Needed


    • computer with Internet access for multimedia presentations (be sure to follow school district guidelines)


    • extra erasers
    • extra pencils
    • extra copies of the My Lifestyle Monthly Budgeting (see All Lesson Attachments tab) sheet
    • set of calculators (ask Math Department for a classroom set)

    • copies for handouts (see All Lesson Attachments tab)

  • Anticipatory Set

    Before class begins:

    Shake each students’ hand and greet them as they enter the classroom.

    Instruct students to retrieve the following:
    My Future Projections
    My Lifestyle Profile
    My Lifestyle Timeline

    Inform students that in this they will see how much it will COST to live the lifestyle they have projected for themselves.
    Allow time for questions and comments.
    If time permits, allow students to personalize their Word Cloud – Budget (see all Lessons Attachments tab) and place in their class folder/binder as a cover sheet for any other documents related to this lesson this lesson.

  • Direct Instruction with Special Education Modifications/Accommodations

    Teacher Note: A more detailed lesson on BUDGETING is available. The specific purpose of this lesson is to create awareness of what items and services cost.

    Introduce lesson objectives, terms and definitions.

    Distribute Note taking – Lifestyle Budget (see All Lesson Attachments tab). Instruct student to pay close attention and take notes on the upcoming slide presentation.

    Introduce the PowerPoint™ Create a Lifestyle Budgeting (see All Lesson Attachments tab). Discuss the content of each slide and allow for student questions comments, personal stories and concerns.

    Individualized Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • checking for understanding
    • providing student with a copy of PowerPoint™ presentation notes

  • Guided Practice with Special Education Modifications/Accommodations

    Introduce students to the Texas Reality Check Activity located at This activity will help students make a connection between their projected lifestyle and the career they select.

    You may chose to walk the students through the activity as YOU navigate the site and allow them to take the reality check independently later in the course.

    See Labor Market Career Information, Unit 1: World of Work for a complete Texas Reality Check lesson.

    p(tight). Individualized Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:
    • checking for understanding
    • providing student with a copy of PowerPoint™ presentation notes
  • Independent Practice/Laboratory Experience with Special Education Modifications/Accommodations

    Distribute the Lifestyle Monthly Budget sheet (see All Lesson Attachments tab), calculators, pencils and erasers.

    Scenario: You are 25 years old, living your dream life. Complete the Lifestyle Monthly Budget sheet for one month of this lifestyle.

    As a class, review and discuss each line item on the sheet. so that the students are reminded how his/her money will be spent each month. This lesson will be an eye opener for many students that are unfamiliar with the concept of budgeting.

    Once students have a total, explain that this total will need to be multiplied by 12 to establish their yearly gross needed to maintain this lifestyle, not including deductions for tax and social security purposes.

    Refrain from correcting student estimated amounts. This budget will be reviewed and revised as students learn various careers and actual salaries.

    Individualized Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • checking for understanding
    • providing student with a copy of PowerPoint™ presentation notes

  • Lesson Closure

    Review lesson objectives, terms and definitions.

    The students are now aware of the reality of what kind of bills they will be responsible for at the age of 25. Allow students to share with the class what they discovered while doing this monthly budget sheet. Did the students experience any frustrations while doing this assignment? Discuss those frustrations to prepare them for the next lessons.

  • Summative/End of Lesson Assessment with Special Education Modifications/Accommodations

    Students will prepare a 90 second speech entitled What I learned from completing my projected lifestyle budget. Students will present the class with their Monthly Budget and reflect on what they learned. by completing this assignment.

    Word cloud, monthly budget project and speech outline may be placed in Career Portfolio.

  • References/Resources


    • Aric Bostick_ I Rock Living My Dreams_ A Success System. St. Louis, Missouri: United States. 2009
    • Mindy Bingham and Sandy Stryker._ Career Choices: A Guide for Teens And Young Adults._Third Edition. United States, 2003 Print
    • M.B.Flippen.Teen Leadership Developing Leaders for the Future_ College Station, Texas. United States, 2001 Print


  • Additional Required Components

    English Language Proficiency Standards (ELPS) Strategies

  • College and Career Readiness Connection

    AchieveTexas Career Cluster Crosswalks

    The Career Cluster Crosswalks housed on the AchieveTexas website provide Texas teachers with a direct connection between their CTE course TEKS and the College and Career Readiness Standards (CCRS). Language Arts, Mathematics, Science, Social Studies, and Cross-Disciplinary integration are the focus of the CCRS. These college and career readiness standards are essential in the planning and delivery of CTE lessons. The extent to which the integration occurs is determined by the methods and strategies utilized by each teacher.

    Career Cluster Crosswalks for Education and Training, Hospitality and Tourism, and Human Services Career Clusters can be found at:

  • Recommended Strategies

    Reading Strategies

    Read Local Newspaper to get articles related to topic of the day.
    Collect used magazines to have on hand so students can use them for articles related to Jobs and Careers.

  • Quotes

    Make decisions from the heart and use your head to make it work.
    ~Sir Girad

    If you don’t see yourself as a winner, then you can not perform as a winner.
    ~Zig Zigllar

    The best way to predict the future is to create it.
    ~Abraham Lincoln

  • Multimedia/Visual Strategies


    • Creating My Lifestyle Budget

    Files for downloading:

  • Graphic Organizers/Handout

    Graphic Organizers:

    • KWL Chart – Budgeting for My Future Lifestyle
    • Lifestyle Monthly Budget


    • Word Cloud – Lifestyle Budget

    Files for downloading:

  • Writing Strategies

    Journal Entries:

    • If I won $1,000 dollars today I would______________
    • When I think of being able to live comfortably, I think of_______________
    • Budgets are__________________
  • Communication 90 Second Speech Topics

    See Independent Practice of this lesson.

  • Other Essential Lesson Components

    Enrichment activity

    Divide students into subgroups of three or four. Provide instructions for creating a six door graphic organizer that includes ways to save money on household bills. Share with the other classes.

    SIx Door Graphic Organizer Instructions

  • Family/Community Connection

    • Compile the information from the 3 D graphic organizers (see Enrichment Activity) and have students develop a slide presentation on ways to save on household expenses. Share slide presentation with the faculty and staff and/or parents at a school event.
    • Encourage students to share what they have learned about budgeting with their family..
  • CTSO connection

    Family, Career and Community Leaders of America (FCCLA)

  • Service Learning Projects

    Successful service learning project ideas originate from student concerns and needs. Allow students to brainstorm about service projects pertaining to lesson. For additional information on service learning see:


  • All Attachments