INtRoDuCtIoN unit 7: projected budget Lesson title outcome 31: basic budgeting and financing strategies Students create a balanced budget for their current lifestyle� objectives Assessments * Review the difference between a " want " and a " need . " * Review the components of a balanced budget . * Collaboratively create a balanced budget for a class party . * Identify ways to get money to meet budget goals . * Create a personal balanced budget based on income and expenses . * Explain how financial awareness supports selfadvocacy . 32: postsecondary lifestyles and budgets Students explain the financial connection between postsecondary training and future lifestyle� 33: college costs and financial aid Students summarize the costs associated with postsecondary training and financial aid opportunities� * discuss the connection between annual income, disposable income, and getting what you want . * Estimate monthly " needs " expenses for the average working adult . * Prioritize " wants " expenses based on a sample education level and income . * Create a budget for a given career . * make inferences about how self-advocacy plays into postsecondary lifestyle . * debate choices for a return on an investment . * List financial and opportunity costs associated with college and postsecondary training . * define " investment " and " financial aid . " * differentiate between types of financial aid: grants, scholarships, work-study, and loans . * Calculate the return on investment of taking advantage of financial aid . * Reflect on the financial and opportunity costs associated with not pursuing postsecondary training . 34: projected budget Students create a projected budget for themselves based on their college and career goals� * use evidence for effective guessing . * define " projected budget " and explain how projections work . * Create a projected budget for themselves based on their college and career goals . * Share their projected budget with the class . * Reflect on the relationship between education, earning potential, and self-advocacy . * Projected budget * Reflection * how Far Will my money get me? worksheet * Personal Postsecondary budget worksheet * Reflection * College Return on Investment * Reflection * Collaborative balanced budget * Personal balanced budget * Reflection SCOPE & SEQuEnCE XIX