Identify and justify income and expenses that could be included in a personal budget.

Explain considerations that must be made when developing a budget (e.g., prioritizing, recurring and unexpected expenses).

Create a personal budget based on given income and expense data or from personally collected data and justify the reasoning.

Modify a budget to achieve a set of personal goals.

Investigate and analyze, with or without technology, "what if ¿" questions related to personal budgets.

Explain, using examples, the advantages of creating personal budgets.