Description
Budgeting Activity
Two budgeting tasks for students to practice managing a budget.
Task A: Work mathematically to make a weekly budget that includes a variety of expenses over different time periods.
Task B: The 50-30-20 Rule
Working mathematically, communicating and reasoning using the 50-30-20 rule to check the budget balance.
Teaching Ideas:
Students work individually or in groups of two to four people to complete activities A and B.
Level: Advanced
Grades: 9th to 11th
Learning Outcomes:
- Work mathematically to make a weekly budget that includes a variety of expenses over different time periods.
- Learn the purpose of making budgets.
- Identify the types of expenses (fixed and variable expenses).
- Understanding that financial decisions can be assisted by mathematical calculations.
- Working mathematically, communicating and reasoning using the 50-30-20 ule to check the budget balance.
Also suitable for Australian Curriculum
- Prepare a personal budget for a given income taking into account fixed and discretionary spending (ACMGM004)
- Apply percentage increase or decrease in various contexts (ACMGM006)
- Determine one amount expressed as a percentage of another (ACMEM012)
- Convert units of rates occurring in practical situations to solve problems (ACMEM015)
- Calculate a percentage of a given amount (ACMEM011)
More Financial Maths Resources:
Financial Math Bundle | Calculating Incomes - Overtime Pay and Allowances
Financial Math Bundle 2 | Calculating Simple & Compound Interest
Calculating NET PAY | Pay Slips | Working Mathematically
Calculating NET PAY | Pay Slips | Working Mathematically (Australia)
Financial Math Bundle-Budgeting Lesson and Activity
Financial Maths Bundle ~ PAYG Tax Return in Australia
Other resources:
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Description
Budgeting Activity
Two budgeting tasks for students to practice managing a budget.
Task A: Work mathematically to make a weekly budget that includes a variety of expenses over different time periods.
Task B: The 50-30-20 Rule
Working mathematically, communicating and reasoning using the 50-30-20 rule to check the budget balance.
Teaching Ideas:
Students work individually or in groups of two to four people to complete activities A and B.
Level: Advanced
Grades: 9th to 11th
Learning Outcomes:
- Work mathematically to make a weekly budget that includes a variety of expenses over different time periods.
- Learn the purpose of making budgets.
- Identify the types of expenses (fixed and variable expenses).
- Understanding that financial decisions can be assisted by mathematical calculations.
- Working mathematically, communicating and reasoning using the 50-30-20 ule to check the budget balance.
Also suitable for Australian Curriculum
- Prepare a personal budget for a given income taking into account fixed and discretionary spending (ACMGM004)
- Apply percentage increase or decrease in various contexts (ACMGM006)
- Determine one amount expressed as a percentage of another (ACMEM012)
- Convert units of rates occurring in practical situations to solve problems (ACMEM015)
- Calculate a percentage of a given amount (ACMEM011)
More Financial Maths Resources:
Financial Math Bundle | Calculating Incomes - Overtime Pay and Allowances
Financial Math Bundle 2 | Calculating Simple & Compound Interest
Calculating NET PAY | Pay Slips | Working Mathematically
Calculating NET PAY | Pay Slips | Working Mathematically (Australia)
Financial Math Bundle-Budgeting Lesson and Activity
Financial Maths Bundle ~ PAYG Tax Return in Australia
Other resources:
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