Using a budget to shop for a party

Updated Aug 25, 2022

Students learn about budgets and then use a budget to decide what food to buy for an imaginary party.

Big idea

Using a budget can help us save money.

Essential questions

What is a budget?
How do I use a budget when I shop?

Objectives

Understand how to create and use a budget
Practice using a budget

What students will do

Make choices about what food to buy for an imaginary party.
Reflect on what it was like to work within a budget.

Download activity

Teacher guide

cfpb_building_block_activities_using-budget-shop-party_guide.pdf

Student materials

cfpb_building_block_activities_using-budget-shop-party_worksheet.pdf

Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.

Explore related resources

Key information for this activity

Building block

(What are the building blocks?)

Executive function
Financial knowledge and decision-making skills

Topic

Spend (Budgeting, Buying things)

School subject

Math, Social studies or history

Audience

Grade level: Elementary school (4-5)

Age range: 9-11

Student characteristics: English language learners, Special education, Low income, Rural, Urban

Activity characteristics

Activity type: Individual

Teaching strategy: Simulation

Bloom’s Taxonomy level: Understand, Apply, Create

Activity duration: 45-60 minutes

National standards

(What are the national standards? )

Standards: II. Spending

Legal Disclaimer

This resource includes links and references to third-party resources or content that consumers may find helpful. The Bureau does not control or guarantee the accuracy of this third-party information. By listing these links and references, the Bureau is not endorsing and has not vetted these third-parties, the views they express, or the products or services they offer. Other entities and resources also may meet your needs.