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Always save part of what you earn.

Click on the diagram to find out how a high school budget works.

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Jasmin’s alarm starts beeping, like it does every school day at 7:30 in the morning. She jumps out of bed, grabs her slippers, and...

Click on the icon to join Jasmin and sprint through high school budgeting. It should take you about 4 minutes.

While you're in high school, follow a simple budget.

how it works

Own your high school budget, step-by-step.

Where does your income come from? What are you spending it on?

 Play 'Talk Like a Banker' - FinStart's glossary game!

What's changed because of the coronavirus pandemic?

budget - high school 

Each phrase can have up to five words - always choose the most appropriate answer. 

They're multiple choice - always choose the most appropriate answer. 

Review your budget.  It may not add up anymore if your parents had to cut off your allowance, or if you've been laid off from your part-time jobs / lost hours and it’s not clear when you'll be able to return to work.


1. Expenses

  • You may need to buy cheaper necessities and postpone other expenses.


2. Savings

  • ​Your rainy-day fund is for times like these. If you're going to use your rainy-day-funds, make sure to replenish them as soon as you can.


3. Income

  • If you are no longer earning income, your employer may be providing some support - even if this was only a student job. 
  • Some student jobs qualify for employment insurance. Here’s a link to Employment and Social Development Canada, Employment Insurance, Sickness Benefit.  It has a checklist to guide you through the application process.


        https://www.canada.ca/en/services/benefits/ei/ei-sickness/apply.html#supportDocuments

  • ​There is also emergency government support if you don’t qualify for regular EI. Applications can be submitted through your CRA account (you can learn how to set it up on the Income Tax tab).​ Minimum age is 15.

What's next?