Things You'll Need:
- Computer
- graphics program
- paper
- pen
- home printer
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Step 1
Have your teens make the letters I, F, and D on their budgeting worksheet. These letters can be drawn as large bubble letters or made on computer using a graphics type paint or draw program.
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Step 2
Make the letters large enough to write or type in. At the bottom of the worksheet have the teens write the budgeting formula I - F = D. Then have them write a blank space ($____) under each letter.
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Step 3
Have your teens fill in the letter I on their budget sheet with all their sources of income using a weekly, or monthly budgeting period on their worksheet.
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Step 4
Next have the teens Fill in the letter F on their sheet with any fixed expenses they must pay during that budgeting period.
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Step 5
Then tell your teens to fill in the letter D with any other discretionary spending needs they want to put in. These can be personal needs, entertainment, leisure activities, or future savings and bigger purchases.
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Step 6
Lastly, have your teens total the amounts in letter I and F and write them in the blanks under each letter of the budgeting formula at the bottom of their worksheet.
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Step 7
Have the teens subtract the amount under blank F (Fixed Expenses) from blank I (Income) to get a balance and write it under letter D (Discretionary) on their budget sheet.












