Submitted By:Wharton, the Muriel F. Siebert Foundation and the New York City Department of Education
Grade Level(s):9, 10, 11, 12
Personal financial decision making begins the day someone has an income and wants to control how the money is saved or spent. Although income is often equated only with a paycheck, it can include commissions, interest, profit from investments and other sources. A graduation gift of money, payment for dog walking, a weekly allowance or a paycheck from summer jobs are all income. This lesson plan helps students define income and where it comes from.