iRubric: Creating a Budget rubric

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Creating a Budget Creating a Budget Students will learn what a budget is. Be able to identify different parts of a budget. They will identify steady sources of income and types of expenses. They will be able to explain hoe to adjust their budget and keep it realistic. Rubric Code: AX6A697 By jfenn1 Ready to use Public Rubric Subject: Math Type: Assignment Grade Levels: 6-8, 9-12

Creating an Individualized Budget
	Poor 1 pts	Fair 3 pts	Good 5 pts
Budget Components	Poor Budget was not realistic. It was missing necessary components for a complete budget	Fair Budget was realistic but the expenses were greater than income.	Good Budget was realistic and expenses were less than or equal to income
Knowing how to adjust your budget.	Poor Made little or no corrections to adjust the budget when presented with different scenarios.	Fair Made most correct adjustments to the budget when presented with different scenarios.	Good Made correct adjustments to the budget when presented with different scenarios.
Budget Summary	Poor Did not summarize information about their budgets. Could not explain how their budget was created and adjusted.	Fair Summarized the basic information about their budget but struggled explaining how their budget was created and adjusted. Summaries contained all the correct information but very little reflection on the budgeting process.	Good Summarized the information about their budget. They were able to explain their budget. Summaries were well thought out and included insightful information.