Georgia SS6E13.b
The Standard
Understand that a budget is a tool to plan the spending and saving of income.
Georgia Standards of Excellence for Social Studies · Understand that a basic principle of effective personal money management is to live within one's income.
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students identify income, planned expenses, and savings in a simple budget. They allocate limited income and revise spending when the plan costs too much.
What Mastery Looks Like
- Students can build a balanced budget in which expenses and savings do not exceed income. They can explain what they changed when costs increased or income decreased.
Common Misconceptions
- Students may plan spending without checking it against total income. Some treat savings as leftover money or incorrectly list it as income. Others confuse a budget with a record of past purchases.
How to Assess It
- Give students $80 of weekly income, $60 in listed expenses, and a $10 savings goal. Ask them to complete the budget and explain the remaining $10.
Lesson moves
Ways to Teach It
Give pairs income, expense, and savings cards, then have them arrange a balanced weekly budget on a poster.
Ask students to write which budget item they would reduce if income dropped by $20 and explain their choice.
Run a budget challenge where teams draw surprise expense cards and revise their plans without exceeding income.
Show an Australian grocery advertisement and have students select food for a household while staying within a set amount in Australian dollars.
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Printable SS6E13.b Worksheet
A ready-to-print activity worksheet aligned to SS6E13.b, with an answer key for the teacher on its own page. No account needed.
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Related Standards
- SS6E13
Understand that a basic principle of effective personal money management is to live within one's income.
- SS4E2
Identify the elements of a personal budget (income, expenditures, and saving) and explain why personal spending and saving decisions are important.
- SS7E10.b
The 7th Grade version of this standard.
- SS5E4
Identify the elements of a personal budget (income, expenditures, and saving) and explain why personal spending and saving decisions are important.
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