## I have found that most students have little understanding of the living expenses and take home pay. This post provides details of a monthly budget plan that is useful for all levels of students and can be customized accordingly.

Here is a link to a Google Document with all components: job, take home pay, list of categories of expenses, and directions for activities to estimate the pay and expenses, and a comparison of take home pay and expenses with a look at other possible expenses. This can be revised to meet the needs or ability level of the students, as well as the user’s location. I have used this in whole class instruction in a general ed settings and for individuals working on life skills math.

### Budget Activity

The Assignment starts with finding a job. I work with one student who has a postsecondary goal of college. He searched for a salaried position. Other students may be working for an hourly wage.

There is a take home pay calculator used in this assignment (2nd photo below). It is based on annual pay. I scaffold the conversion of hourly pay, which is a good calendar activity in of itself.

The chart below is the master list of expenses. Some expenses are computed on subsequent pages and some have the link in the row. The amounts are estimates intended to allow the student to engage in a monthly budget.

At the end, the student compares pay and expenses. I find that this is an eye opener for many students. They are not simply asked to take the word of parents or teachers on what life has in store for them, they see it for themselves.

### Individual Activities

The individual sections are useful in isolation. I use buying a car to as an introduction to 2-step linear equations with down payment + monthly cost times number of months = price of car. For students learning to count money, the shopping activities can be used. I task students to shop online at a store like Target as if they had a \$50 gift card (see image below). Once completed, they count out money to pay for items in the cart and they compute the balance on the card. This is an entry point into budgeting as they compare money they have with money they spend. I will keep a running list of prompts on Google Slides as data for how well the student stays under budget.