🌟 Budgeting & Financial Planning 🌟 - Grade 6 Financial Literacy

Hi my responsible Grade 6 money managers! 👋

A budget is a plan for your money. It helps you decide how much to spend, how much to save, and how much to share. Good budgeting makes you feel in control and helps you reach your goals — like buying a new bike or saving for a trip!

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1. What is a Budget?

Income (Money coming in) – Expenses (Money going out) = Savings

A good budget follows the 50-30-20 rule:
• 50% Needs (food, rent, bills)
• 30% Wants (toys, games, fun)
• 20% Savings & Giving

2. My Sample Monthly Budget

Income: $40 allowance

Expenses:
• Snacks & drinks: $8
• Games/apps: $10
• Saving for new bike: $15
• Giving to charity: $2
Total Spent: $35
Money Left: $5

3. Let’s Practice Together! 💰

Question 1

You get $30 allowance. You spend $12 on snacks and $8 on a game. How much can you save?

$30 - $12 - $8 = $10 saved ⭐

Question 2

Your goal is to save $120 for a new skateboard in 3 months. How much do you need to save each month?

$40 per month ⭐

Question 3

Why is it important to have a budget?

So you don’t spend all your money and can reach your goals ⭐

4. Budgeting in Real Canadian Life 🇨🇦

• Planning your allowance or part-time job money
• Families making monthly budgets
• Saving for university or a big trip
• Tracking spending on a phone app

You are now a Budgeting Champion! 🌟

Wonderful job! You understand how to make a simple budget and plan your money.

Start by tracking your own allowance or chore money this week — you’ll feel proud!

Love and proud high-fives,
Mrs. Brenda ❤️

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