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Money worksheets: Budgeting ๐Ÿ’ณ

Money worksheets - budgeting. Male teenager sat in school holding an ipad, wearing a blue hoodie.

Introduction ๐Ÿ‘‹

Without question, teaching young people about finance is extremely important.

Studies from The London Institute of Banking and Finance have shown that:

  • 82% of young people want to learn more about money and finance in school, but very few have regular access.
  •  83% of young people aged 17-18 say that cost of living increases has made them feel more worried about money 
  • Only 8% of young people cite school as their main source of financial education 
  • 72% of young people say they hadnโ€™t received any information about tax in school 

However, if you’re teaching, it’s difficult to find the time to do all the research, so you can teach it!

Save yourself time by using our free money worksheets to teach your learners about budgeting!

The worksheets:

  • Start with the basics ๐Ÿชœ
  • Include colourful puzzles and games ๐Ÿง 
  • Explain budgeting in a simple and entertaining way ๐Ÿคนโ€โ™€๏ธ

These worksheets can be used to:

  • check learners’ understanding of budgeting ๐Ÿง 
  • introduce the topic of budgeting๐Ÿ‘‹
  • check learners’ familiarity with financial vocabulary โœ…
  • facilitate group discussions about money ๐Ÿ’ฌ

Disclaimer: This website provides information for guidance and educational purposes only. The Grown-Up School does not provide regulated financial advice. You can seek independent financial advice from a suitably qualified and regulated professional advisor. Check out our disclaimer policy for more information.

Lesson Objectives ๐Ÿ†

By the end of this lesson, learners will:

  • Explore personal attitudes towards money and identifying personal money goals.
  • Complete a budget template and understand the importance of budgeting in achieving their money goals.
  • Acquire essential budgeting skills, gain insight into generating income and savings, and distinguish between wants and needs in effective money management.

Learner Record Notesโœ๏ธ

Once you’ve completed these worksheets you can add these notes to your records for your learners:

Today we completed worksheets about budgeting, where learners assessed their own understanding of budgeting.

This activity supported the development of the following skills:

  • Numeracy – learners developed their understanding of application of number, with worksheets containing financial values and calculations.
  • Literacy – learners read through the worksheets independently, and were introduced to new vocabulary.
  • Problem solving – learners used problem solving skills to complete the different challenges on each worksheet.
  • Decision making – learners made financial recommendations for the characters on the worksheet.
  • Communication skills – these worksheets facilitated group discussions about budgeting for learners.
  • Improving own learning and performance – learners developed their confidence assessing their own understanding of a topic.

Money worksheets: Budgeting ๐Ÿ’ณ

Worksheet Description ๐Ÿ“„

Sheet 1 – Money Feelings ๐Ÿ’–

Learners are asked to write down how they feel about money.

This sheet aims to help learners explore how they feel about money, which can impact the way they manage their money.

Sheet 2 – Money Goals ๐Ÿ†

Learners are asked to write down 5 money goals.

Budgeting is a great tool to help learners towards their money goals This sheet aims to find out what their money goals are, to engage them with the budgeting activity.

Sheet 3 – Losing Track of Money ๐Ÿ•ต๏ธโ€โ™€๏ธ

The worksheet explains that it’s difficult to meet your money goals when you’re not keeping track of your money. Learners are asked to find and circle 5 coins.

This sheet aims to introduce problems that budgeting can help solve.

Sheet 4 – Using a Budget to Track Your Money ๐Ÿ”

The worksheet explains that a budget can help you to keep track of your money and reach your money goals. Learners are asked to read the budget book backwards, to find out who spent all the money.

This sheet aims to explain why budgeting is a great tool.

Sheet 5 – Complete Laura’s First Budget ๐Ÿ“Š

Learners are asked to add up the totals in Laura’s budget and fill in the empty boxes. This worksheet enables learners to see a basic budget and practice simple calculations.

Sheet 6 – Overspending ๐Ÿ’ณ

This worksheet helps learners to understand ways that they can avoid overspending – by earning more money, or spending less. Learners are asked to come up with ideas on how to earn more money, or spend less.

Sheet 7 – The Secret to Always Having Money ๐Ÿคซ

This worksheet helps learners to understand that having a good amount of income and spending as little as possible, will help them to always have money. Learners are asked to draw someone earning money, and saving up money.

Sheet 9 – Increasing Income – Selling Clothes ๐Ÿ‘•

This worksheet helps learners to understand that selling clothes can be a handy way to increase your income. Learners are asked to write prices on price tags for clothes, and add up the total income.

Sheet 10 – Wants Vs Needs โš–๏ธ

This worksheet helps learners to understand that they should prioritise their needs before their wants when spending money. Learners are asked to match each picture with “want” or “need”.

Sheet 11 – Spending Less – Food Budget ๐Ÿ‰

This worksheet helps learners to understand that budgeting their food can be a handy way to save money. Learners are asked to decide what food Laura should buy, and add up the total price.

Sheet 12 – Brand Comparison ๐Ÿซ

This worksheet helps learners to understand that branded food doesn’t always taste better, and can cost a lot more money. Learners are asked to spot the differences between two chocolate bars.

Similar worksheets to “Money worksheets: Budgeting ๐Ÿ’ณ” โฌ‡๏ธ

4 money myths you shouldnโ€™t believe ๐Ÿฆ„

Why you should save for retirement when youโ€™re really young ๐Ÿง“

8 reasons to start saving money now ๐Ÿท

200+ ideas to save money ๐Ÿ’ฐ

Is borrowing money a bad thing? ๐Ÿคทโ€โ™€๏ธ

8 bad money habits you should break๐Ÿ’ฐ

How do banks work? ๐Ÿฆ


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