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Teacher
s
Student
s
Objectives
Given an amount, students will create a budget without
exceeding the amount.
Given a price and sales tax, the student will be able to
find the total price correctly.
Standards
Fle.1.1- Demonstrate taking responsibility for
personal finance
FLE.3.1- Demonstrates ability to use money
management skills and strategies.
FLE.3.6.- Develop a personal financial plan
FLE.6.3- Compare investment alternatives
Environment
Audience
Fourth graders in a life skills classroom
working on money skills.
Navigation
Saving
Increase/decrease
Spending
Saving
There are many ways that Steve can save
his money.
Continue on to see what his options are!
How to save
Piggy Bank
Parents
Bank
Piggy Bank
A piggy bank is where Steve puts his change from selling lemonade.
Along with any change he may find laying around the house.
Over time his change increases, increasing the money amount!
Parents
Bank
Steves parents have opened a savings account for him.
When he puts money into his account it earns interest,
meaning that the bank will add money to Steves money.
$400
$350
$300
$250
Column1
$200
$150
$100
$50
$0
Year 1
Year 2
Year 3
Year 4
Another Example
Your turn!
The principal amount is $250.00. The interest is 9% which is $18.00.
What will the future amount be?
$268.00
$218.00
$300.00
FANTASTIC!
The future amount will be $268.
Think about this. If you had 5 dollars, and your mother gave you
5 more dollars. Did you add to your amount? Or subtract from your amount?
Increase/Decrease of money
Steve not only gets money from
selling lemonade. But he also
receives a weekly allowance of
$10.00.
$54.00
$32.00
$26.00
Great job!!
$26.00 is correct! He has $40.00, but owes his mother $14.00.
$40.00-$14.00=$26.00
If he owes his mother money. Is he taking away from his original amount
Or increasing his original amount?
This means that Steve is losing money. First his money increased by
eceiving money from his allowance. But then decreased when he pai
his mother back.
40
30
20
10
0
Question!
If Steve only has 5 dollars left after his spending.
How much will he have after he gets his
$10.00 allowance.
$15.00
$10.00
$30.00
Fabulous!
Go back and try again. If you need help, go back and review.
Spending
Steve loves to spend his money, but there are some things
that he needs to take into consideration
Sales Tax
Lets Practice
Toy Car
Steps
First we need to find the price.
Next, we need to know the sales tax.
Then, we multiple the price and the sales tax.
Finally, we add the product to the original price.
$2.00price
$2.00-price
+ $0.16-product
x $0.08-tax
$0.16-product
$2.16-total
Toy Car
Kite
Price: $5.00
Sale tax: $0.08
Total Cost: $5.40
$5.00
X$0.08
$0.40
$5.00
+$0.40
$5.40
If Steve wants to buy lemons for his lemonade. One pound bag of lemons
cost $3.00 and the sales tax is $0.08. What will the total price be for one bag of le
Whoops
Not just yet, go back and review the practice slides.
Bravo!!
Answer!!