Chapter 7 Learning Outcomes

In this chapter, students will…
  • Explain how money is active.
  • Analyze reasons why people do not do a budget.
  • Examine common problems associated with budget failures.
  • Explain the benefits of a budget.
  • Demonstrate how to complete a zero- based budget.

Chapter 7 Vocabulary

  • Budget
  • Discipline
  • Envelope System
  • Impulse Purchase
  • Reconcile
  • Zero-Based Budget

Academic Standards Met in Chapter 7

Planning and Money Management: Organize personal finances and use a budget to manage cash flow.
  • HS-PF3-1: Develop a plan for spending and saving.
  • HS-PF3-2: Develop a system for keeping and using financial records.
  • HS-PF3-3: Describe how to use different payment methods.
  • HS-PF3-5: Consider charitable giving.
  • HS-PF3-6: Develop a personal financial plan.
  • HS-PF3-7: Examine the purpose and importance of a will.

Files for Download

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Chapter 7
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