Financial Literacy 20, 30

(a)	Explore the similarities and differences between a budget and a personal spending plan as financial planning tools.
(b)	Examine a variety of tools (e.g., computer or mobile applications) designed for tracking expenditures.
(c)	Discuss potential dangers (e.g., violating third party access clause in banking agreement) associated with using tracking applications to monitor activity on financial accounts.
(d)	Design and implement a system for tracking monthly and annual incomeand expenses using appropriate technology for various scenarios.
(e)	Classify income and expenses as monthly or annual and fixed or variable.
(f)	Identify common categories (e.g., housing, utilities, entertainment, travel and food) found in personal spending plans.
(g)	Discuss reasons for having an emergency fund
(h)	Create a list of tips for setting up, contributing to and using an emergency fund.
(i)	Research budgeting advice such as the ‘50/30/20 Rule’ commonly provided by financial experts.
(j)	Analyze monthly and annual expenses for various scenarios to determine patterns and trends in personal spending.
(k)	Develop and refine monthly and annual spending plans for various scenarios that reflect tracked income and expenses.
(l)	Reflect on the relationship between a spending plan and personal financial habits.