Budgeting for pet care
Students ages 10 and 11
October and November
Financial and cooperative skills
- Understanding how to plan expenses
- Making a budget and evaluating your financial capacity
- Understanding the importance of saving
- Differentiating between cooperative values
Students learn what a budget is and how it's used.
At the end of this task, students will be able to explain the value of doing a budget.
- Time required:
- Teaching material:
Lori's Monthly Budget
(PDF, 631 KB)
- Discuss the idea of budgets with students.
- Brainstorm with students about the costs of having an apartment: rent, electricity, phone and Internet, groceries, transportation. Come to a consensus and write the expenses on the board.
- DHand out the Lori's Monthly Budget sheet and read the scenario with the students.
- Give the class enough time to make their calculations and answer question 3.
- Correct the answers to questions 1 and 2 and discuss question 3 as a group.
- Remind students that this exercise is about making a budget that fits their income to determine whether or not they can afford certain expenses.
- Examples of questions:
- What is a budget?
Suggested definition: Planning the income and expenses for a person or business.
- Have you ever had to make a budget? If yes, give examples.
- Why is it useful to make a budget?
- Differentiate between fixed and variable expenses (e.g.: clothing, groceries, outings, dentist, hairdresser, makeup or personal care, mobile phone, tuition, etc.).
- Students can do this task individually or as a team.
At the end of this task, students will be able to list the expenses for keeping a parrot in captivity.
- Time required:
- Ask students what they know about parrots.
- Make a list of their questions about parrots.
- Have students quickly research their questions.
- Form teams of 2 students.
- Assign 1 question to each team and give them 20 minutes to do research.
- Ask teams to share what they've found.
Examples of discussion questions:
- What do you think is the lifespan of a parrot?
- Name a special characteristic of parrots. Answer: They can speak.
- What do parrots eat?
Write the questions on a sheet or on the board and leave room for the answers in step 6. Be sure it remains visible for the rest of the exercise.