Money Management Styles
Duration 20-40 minutes
Lesson Overview In this lesson, students will build knowledge about how to live
within their means. Students will explore how to avoid spending
traps and how practical money management habits can help them
achieve their long-term goals. Students also will learn about both
traditional and modern ways to handle money. They will gain
understanding about how to handle their money within the current
Big Idea A budget impacts your financial wellness
There are different types of expenses that impact ones short- and
Your purchases and expense decisions impact your budget.
Saving money impacts your short-term and long-term budget.
Essential Questions At the end of the lesson, students should be able to answer the
What is living within your means?
What does it mean to live beneath your means?
What does it mean to live beyond your means?
Why is important to know about living within your means?
What are traditional ways of handling money?
What are modern ways of handling money?
Skills How to live within one’s means and how to avoid spending traps
Understanding both traditional and modern ways of handling
money, and how to use the modern methods.
Vocabulary Living beyond, at, and beneath one’s means
Traditional money management
Modern money management