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ONLINE CLASSROOM: MODULE 2 - BUDGETING

This module reinforces lessons taught in in Unit 3 Personal Spending and Budgets of the Kids Count® The Road to Financial Literacy curriculum and contains the following activities:

  • Review terms at the Community Center and continue making money.
  • Is a free puppy really free? Taka has had puppies. One named Peso is available to take home as a new pet. Students explore the costs associated with having a pet. They visit a pet store and select needed supplies while staying within their budget. Through this activity, they watch the puppy grow and see how the costs of a “free” puppy quickly add up. 
  • Recycle Drive- There was an event around town, and the streets have become littered with trash. The student, using his/her bike to drive around town, can take the job of helping to recycle the trash to earn some extra money in this fun Recycle Drive game.
     

Objectives

  • Understand the terms: budget, cost, expense, impulse, income, purchase, save, spend. 
  • Evaluate personal spending habits.

 

Indiana Economics Standards

3.4.8   Illustrate how people compare benefits and costs when making choices and decisions as consumers and producers.

5.4.9   Identify the elements of a personal budget and explain why personal spending and saving decisions are important.

 

Indiana Math Standards

3.5.11  Use play or real money to decide whether there is enough money to make a purchase.

3.6.1    Analyze problems by identifying relationships, telling relevant from irrelevant information, sequencing and prioritizing information, and observing patterns.

3.6.7   Make precise calculations and check the validity of the results in the context of the problem.

3.6.8   Decide whether a solution is reasonable in the context of the original situation.

3.6.9   Note the method of finding the solution and show a conceptual understanding of the method by solving similar problems.

4.3.7   Relate problem situations to number sentences involving multiplication and division.

4.7.1   Analyze problems by identifying relationships, telling relevant from irrelevant information, sequencing and prioritizing information, and observing patterns.

4.7.3   Apply strategies and results from simpler problems to solve more complex problems.

4.7.8   Make precise calculations and check the validity of the results in the context of the problem.

4.7.9   Decide whether a solution is reasonable in the context of the original situation.

4.7.10 Note the method of finding the solution and show a conceptual understanding of the method by solving similar problems.

 

Indiana Reading Standards

3.2.3   Show understanding by identifying answers in the text.

3.2.6   Locate appropriate and significant information from the text, including problems and solutions.

3.2.7   Follow simple multiple-step written instructions

3.7.3   Answer questions completely and appropriately.

4.2.2   Use appropriate strategies when reading for different purposes.

5.2.2   Analyze text that is organized in sequential or chronological order.

5.2.4   Draw inferences, conclusions, or generalizations about text and support them with textual evidence and prior knowledge.

5.2.5   Distinguish among facts, supported inferences, evidence, and opinions in text.

Wild Rides Donation Concentration 'Say Cheese' Photo Booth Call It Arcade Build Your Own Sundae
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