Identify and explain the process of budgeting based on calculated income.
Students will understand principles of personal money management including budgeting, managing accounts, and the role of credit and impacts on personal finance.
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Develop a budget.
Identify and prioritize fixed, variable, and periodic budget categories.
Emphasize the importance of proactive budget priorities, such as pay yourself first, emergency/opportunity fund, insurance, and charitable or other voluntary contributions.
Discuss the pros and cons of charitable giving.
List ways and examples of charitable giving.