A real-world application of 7th Grade Math Financial Literacy TEKS.
Students apply their knowledge of:
*Using the Family Budget Estimator
*Calculating percentage of the total budget for each category
*Calculating Net Worth
*Calculating simple & compound interest
Students choose a "situation" for each topic and demonstrate their knowledge by completing the tasks for their real-life situation.
*4 situations for each topic (Family Budget Estimator, Budget Categories, Net Worth, Simple Interest, Compound Interest)
*Worksheet with tasks for each topic
*Answer key for each topic and situation
Categorize expenses, calculate the percent each category is of the total budget, create a circle graph from those percents, calculate net worth, and simple and compound interest. Great practice for percents, decimals, and integer operations.
Great if you want to assess your students' knowledge but don't want to give yet another traditional test.
*Technology application: students use Family Budget Estimator website to complete that task
TEKS Assessed: 7.13B, 7.13C,7.13D,7.13E, 7.3A, 7.3B, 7.4D