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Budgets Financial Literacy Activity

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Grade Levels
4th - 7th
Standards
Formats Included
  • PDF
Pages
15 pages
$3.00
$3.00
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Description

Send students through a monthly budget simulation. They will learn how to manage a monthly budget to be able to save up for a luxury item.

Students start with a monthly budget and have to choose between cheap, average and expensive options in five different categories. After making their choices, they need to balance and calculate their budget to find a savings balance.

Included is a set of activity directions, budget cards, table with all choices, detailed pages for each categories' choices, tables to make calculations, and reflection questions. The tables for calculations help walk students through the process to help all levels of learners.

Total Pages
15 pages
Answer Key
N/A
Teaching Duration
1 hour
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Standards

to see state-specific standards (only available in the US).
Fluently add and subtract multi-digit whole numbers using the standard algorithm.
Multiply a whole number of up to four digits by a one-digit whole number, and multiply two two-digit numbers, using strategies based on place value and the properties of operations. Illustrate and explain the calculation by using equations, rectangular arrays, and/or area models.
Fluently multiply multi-digit whole numbers using the standard algorithm.
Solve multistep word problems posed with whole numbers and having whole-number answers using the four operations, including problems in which remainders must be interpreted. Represent these problems using equations with a letter standing for the unknown quantity. Assess the reasonableness of answers using mental computation and estimation strategies including rounding.
Make sense of problems and persevere in solving them. Mathematically proficient students start by explaining to themselves the meaning of a problem and looking for entry points to its solution. They analyze givens, constraints, relationships, and goals. They make conjectures about the form and meaning of the solution and plan a solution pathway rather than simply jumping into a solution attempt. They consider analogous problems, and try special cases and simpler forms of the original problem in order to gain insight into its solution. They monitor and evaluate their progress and change course if necessary. Older students might, depending on the context of the problem, transform algebraic expressions or change the viewing window on their graphing calculator to get the information they need. Mathematically proficient students can explain correspondences between equations, verbal descriptions, tables, and graphs or draw diagrams of important features and relationships, graph data, and search for regularity or trends. Younger students might rely on using concrete objects or pictures to help conceptualize and solve a problem. Mathematically proficient students check their answers to problems using a different method, and they continually ask themselves, "Does this make sense?" They can understand the approaches of others to solving complex problems and identify correspondences between different approaches.

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