Independent Living Program - Florida's Center for Child Welfare

BUDGETING/SPENDING PLANLearning Goals Expectations Activitiesa. Identify at least two strategies for paying bills47. Can develop a routinefor paying monthlyexpenses.(e.g., automatic deductions, envelope method,online payment).b. Describe the pros and cons of each strategy.c. Select a strategy for paying monthly bills.d. Recognize the consequences of not payingbills on time.e. Develop a system for storing receipts andother payment records (e.g., tax returns,warranties).f. Identify time frames for disposing of taxreturns, receipts, and warranties.48. Can maintain aspending plan for onemonth.49. Knows andunderstands where tofind help if oneexperiences financialdifficulty.a. Develop a monthly spending plan.b. Keep an expense diary for a month to track allexpenditures.c. Assess spending plan and make changes asneeded.d. Describe the consequences of over spending.e. Describe how to avoid making unnecessarypurchases (e.g., prepare and use shoppinglists).f. Participate in leisure activities while staying inbudget.g. Describe when, why, and to whom one wouldturn to ask for help with budgeting.a. Identify two types of financial difficulty (e.g.,bankruptcy, credit card debt, falling behind inthe rent).b. Identify the short and long-term consequencesassociated with financial difficulties.c. Identify the community resources that assistpeople with financial problems.d. Explain the services and fees available fromeach resource.Creative Life Skills Activities, Activity 26, Experimenting withMoney Management.Developing Your Vision, C.2 & C.3.I Can Do It, Budgeting, p. 2-6.I’m Getting Ready, Make a Money Plan for Being on Your Own,M-8, M-9.I’m Getting Ready, Budgeting Using and Envelope System, M-10.Ready, Set, Fly! Budgeting #3.Ready, Set, Fly! Budgeting #8.Creative Life Skills Activities, Activity 26, Experimenting withMoney Management.Developing Your Vision, C. 3.I’m Getting Ready, Budgeting Using an Envelope System, M-10.Ready, Set, Fly! Budgeting #4.American Express –http://www10.americanexpress.com/sif/cda/page/0,1641,661,00.asp?Banking on Our Future –http://www.bankingonourfuture.org/master.cfm/main/homePractical Money Skills, Spending Plans –http://www.practicalmoneyskills.com/english/students/level.php?id=4Creative Life Skills Activities, Activity 30, Where in the WorldDo I Find…?Developing Your Vision, C.3.Practical Money Skills, Financial Difficulty –http://www.practicalmoneyskills.com/english/students/level.php?id=4Life Skills Guidebook 101©2004 by Casey Family Programs.