Life Taught Clearly
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•Module 1 Worksheet

Money Basics That Actually Matter

Use this worksheet to turn the course material into an actual conversation and one real next step.

Best use: read the matching lesson first, then use this worksheet right away and end with one practical commitment for the week.
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Part 1 - Foundations check

Mark each statement as Solid, Needs work, or Not yet.

Understands checking versus savings.
Understands debit versus credit.
Understands income versus spending money.
Can separate needs from wants.
Understands fixed versus variable expenses.
Can build a simple monthly budget.

Part 2 - Needs, wants, or depends?

Click or mark the label that fits best.

Groceries
Rent
Eating out
Gas
New shoes
Netflix
Car insurance
Coffee runs
Phone bill
Concert ticket

Part 3 - Fixed or variable?

Click or mark the best fit.

Rent
Groceries
Gas
Phone bill
Gym membership
Eating out
Utilities
Car payment

Part 4 - Filled-out sample budget

Use this example so you do not have to invent your own from scratch.

Monthly Budget Plan

Teen Budget Breakdown

Example Budget
CategoryAmount
Income$420
Savings$40
Investing / Roth IRA bucket$20
Gas / transportation$80
Food / snacks$45
Phone$40
Future car / bills fund$50
Church / giving / generosity$20
Fun / extras$125
Leftover$0
✏️Your Turn— fill in your teen's budget:
$
$
$
$
$
$
$

Your answers are saved automatically in this browser.

What category would get tight fastest for your teen?
What category would be easiest for them to overspend on?
What should always be planned for before fun money?
Would saving and investing be separate buckets for your teen, or one bucket for now?
What percentage split would fit your teen's current reality best: 50 / 20 / 30, 60 / 20 / 20, or something else?

Part 5 - Example of a simple teen pay stub

Use this to help your teen understand what a real paycheck can look like.

Pay Statement

Acme Employer, Inc.

Example Pay Stub

Employee

Jordan Example

Pay Period

Current Period

Earnings

DescriptionHoursRateAmount
Regular Pay20$14.00$280.00

Deductions

Federal / State / Payroll taxessee actual stub
Net Pay (Take-Home)lower than gross pay

⚠️ Teaching point: the number earned on paper is not always the number that lands in the account.

✏️Your Turn— fill in your teen's pay stub:
$
$
$

Your answers are saved automatically in this browser.

What is the difference between gross pay and take-home pay?
If your teen saw a smaller deposit than expected, what should they look at first?

Next action

This week, match the worksheet to the exact Module 1 lesson you just covered, then make one money move right away: sort spending, map a simple budget, or start a real savings target.

This worksheet should help the lesson turn into one specific decision, conversation, or rep this week.

Write your commitment

Suggested use

  • Read the matching lesson first, not just the module overview.
  • Use this worksheet right away while that specific lesson is still fresh.
  • Leave with one action you can actually do this week, not a vague intention.