📝 Student Worksheet — Session 3: Budgeting

Money, Values & You · 6th Grade Financial Literacy

Name

Date

Class Period

📚 Part 1 — Vocabulary (write the definition in your own words)

Income

Expense

Budget

Surplus

Deficit

Sadaqah (صدقة)

🔑 Part 2 — Key Concepts (fill in the blanks)

Money coming IN is called             . Money going OUT is called             .

When your income is MORE than your expenses, you have a             .

When your expenses are MORE than your income, you have a             . This means you need to              less or              more.

Setting aside giving money before discretionary spending is called a              budget line.

💰 Part 3 — Build Your Budget

You have $100 to budget for the month. Fill in how you'd split it. Your total must equal $100!

⚡ Part 4 — Surprise Expense!

Halfway through the month, your headphones break. Replacement costs $15.

Where does the $15 come from in your budget above?

What did you have to cut or reduce?

Would an Emergency Fund have helped? ☐ Yes ☐ No — Why?

✍️ Part 5 — Journal Prompt

"If I had $100 every week, how would I split it and why?"

🏠 Take-Home Challenge

Ask someone in your family: "Does our family have a budget? How does it work?"

Write what they say: