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iRubric: Creating a Budget rubric

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Creating a Budget Creating a Budget Students will be able to set up a real world budget based on their own life or future life. They will be able to accurately incorporate income, expenses, and life events They will also be able to write an effective summary paragraph, describing how they set up their budget and reasons for items included or omitted. Rubric Code: TXCX626 By ctorressmithe Ready to use Public Rubric Subject: Psychology Type: Assignment Grade Levels: 6-8, 9-12

Real World: Creating a Budget
	Not Quite 20 pts	Sort of 22 pts	Good (Proficient) 25 pts	Excellent 30 pts
Budget Components	Not Quite Budget is not realistic. It was missing necessary components for a complete budget.	Sort of Budget is somewhat realistic, but the expenses were greater than income.	Good (Proficient) Budget is realistic and expenses were less than or equal to income.	Excellent Budget is very realistic and expenses were less than or equal to income. Savings was included in the budgeting.
Income and Expenses	Not Quite Income and expenses are not realistic.	Sort of Income and expenses are somewhat realistic, but not all areas were taken into account.	Good (Proficient) Income and expenses are realistic and complete in terms of legitimate scenarios.	Excellent Income and expenses are very realistic and complete in terms of legitimate scenarios.
Life Events	Not Quite Assigned life events were not taken into account in the budget.	Sort of Assigned life events were only slightly taken into account in the budget.	Good (Proficient) Assigned life events were taken into account in the budget and effectively incorporated.	Excellent Assigned life events were taken into account in the budget and incorporated in a way that is highly effective and unique.
Budget Summary Paragraph	Not Quite Did not summarize information about the budget. Could not explain how their budget was created and adjusted.	Sort of Summarized the basic information about the budget, but more information is needed to explain how their budget was created and adjusted. Summaries contained all the correct information but little reflection on the budgeting process.	Good (Proficient) Summarized the information about their budget. Budget was explained. Summary was well thought out and grammatically correct.	Excellent Summarized the information in a detailed way. Budget was fully explained. Summary was well thought out, grammatically correct, and included insightful information.