LAUNCH GRADE 10: SPEAK UP! Reflection Is your personal budget balanced? Which of your wants are you willing to save on so you can spend more on your needs? LESSON EXTENSIONS * if students create a good budget and fundraising plan for their class party, help them make their plans a reality. Lesson 35 has a culminating, year-end celebration activity that you can use during the party to give it structure. in the meantime, show students how to responsibly follow through on a budget plan. track income as it comes in on a piece of chart paper. track donations for the party and keep them in a safe space. Help students schedule a trip to shop for food or drinks. Have students select music for the party. use this time to celebrate student achievement. * Have students keep track of every penny they spend for a whole week using their new budgeting strategies to see if they are successful in balancing their wants and needs. encourage them to ask for and keep all receipts, no matter how small. Have them total up their weekly expenses and figure out how to get or stay on track with their new plan. * Arrange to take a field trip to a local bank. Have a teller walk students through the process of opening a savings account. What is the minimum balance they need in order to open such an account. How much interest can their money earn in a savings account? * bring in samples of documents related to personal finance, such as bank statements, pay stubs, student loan statements, etc. teach students how to read and interpret these documents. 292 LeSSon 31: bASiC buDgeting AnD FinAnCing StrAtegieS