Use Kenyan shillings (KES), or your own currency. An estimate is fine. The aim is to make choices visible.
1. Money coming in
| Source (allowance, work, gifts, etc.) | Amount (KES) |
|---|---|
| Total income |
2. Give every shilling a purpose
| Category | Planned (KES) | Actual (KES) |
|---|---|---|
| Essentials (food, transport, school needs) | ||
| Optional spending | ||
| Savings goal | ||
| Emergency buffer | ||
| Other | ||
| Total |
Money left over = total income minus total planned spending and saving. If the result is negative, revise your plan.
3. Make a trade-off
One thing I can spend less on this month:
One saving goal that matters to me:
One action I will take this week:
Teacher prompt: Ask students why a “want” can sometimes become a “need” depending on context. There is no universal answer.