Activity 5: Your budget (Maths)
1. PLAY the video segment
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In the video, Tye is short of money and he says he will use Nik's kitty money.
Later, Tye had his credit card cancelled because he could not make the repayments. |
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2. WRITE down how you earn money each week (the source of your income) and how much you earn.
For example:
Casual shop assistant work $60 per week
Pocket money $15
3. LIST everything you have spent money on in the last week, including the magazines, soft drinks, bus fares, everything!
4. ADD UP all the expenses (the total expenses) for the week. If you divide the total expenses by 7 you will calculate your average daily expenses.
5. TAKE AWAY your total expenses from your total income. Do you have any money left over? If so, this is the start of your savings. If not, you will need to adjust your spending so that you are earning more money than you are spending.
This activity can be found in the NSW Money Stuff Teacher resource book – Mathematics page 12 .
Explore additional learning activities (which include extension and revision tasks) in the print resources section under Print resources - Victoria.
Linked Learning Outcomes - NSW
Theme 6: Mathematics in the Community
1. The student chooses and sequences arithmetic operations to solve problems.
2. The student selects and uses appropriate mental written or calculator techniques to perform a variety of operations involving fractions, decimals, percentages and positive integers.
Learning Outcomes – Victoria
Victorian Essential Learning Standards (VELS) Discipline-based learning
Domain: Maths
Dimension: Number, Space, Measurement, Chance and data, Structure and Working Mathematically
Level 5
Students use efficient mental and/or written methods for arithmetic computation involving rational numbers, including division of integers by two-digit divisors.
Students formulate conjectures and follow simple mathematical deductions.
Level 6
Students carry out arithmetic computations involving natural numbers, integers and finite decimals using mental and/or written algorithms.
Students choose, use and develop mathematical models and procedures to investigate and solve problems set in a wide range of practical, theoretical and historical contexts.
Learning Outcomes - Western Australia
(Maths)
N 6.5 Reads, writes, says and understands the meaning, order and relative magnitude of whole numbers, negative integers, fractions, ratios, rates and percentages and numbers expressed with whole-number powers and knows the more common equivalences between them.
N 8.1 Uses counting and other strategies to solve mentally self-generated or orally-presented questions from stories involving small numbers.