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Applying budgeting and money management concepts has never been as simple as it is when using the Envelope System. This resource is paramount in the execution of implementing the envelope system into the financial lives of our students. It is best used after a budgeting or money management lesson.
A bonus in these tools is that they help students have a guided format for TRACKING THEIR SPENDING! Since this is a benefit, teachers could consider having students use one or two envelopes for 3-4 weeks prior to a budgeting unit to provide students with a rough idea of how much they spend in different areas of their life BEFORE determining their monthly budget. I have found this to be very helpful in eliminating responses like, "I don't know how much I spend on gas," when students are instructed to create a personal budget. If they have been tracking with their envelopes, they will already know what to plan for the next month.
This product includes two variations of the envelope system:
Each version has a blank option to customize a personal category.
A printable poster and several pictures are also provided. Check out the preview so you can see what is included in this product before purchasing!
You might also like the following Financial Literacy resources.
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