Lesson · Grade 6 · Mathematics
Making a Simple Budget
- Grade 6
- Mathematics
- 1 min 3 s
- British Columbia
- BC6-MA-46
One month's money in, a $40 allowance and $25 from dog walking ($65), is planned by saving $15 first, which leaves $65 − $15 = $50 to spend on a movie ($18), snacks ($12) and a gift ($20). Two columns of matching height and a budget card that fills in step by step show the check, $15 + $50 = $65: a budget balances when saving plus spending equals the money in.
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In one sentence
The question this lesson answers
How can you plan your money for a month?
A simple budget plans three things: money in, saving and spending.
Transcript
What the lesson says
How can you plan your money for a month?
A simple budget plans three things: money in, saving and spending.
This month you get a 40 dollar allowance and earn 25 dollars walking a dog.
40 dollars plus 25 dollars is 65 dollars of money in.
Save first by putting 15 dollars into savings.
65 dollars minus 15 dollars leaves 50 dollars to spend.
You plan to spend 18 dollars on a movie, 12 dollars on snacks and 20 dollars on a gift.
18 dollars plus 12 dollars plus 20 dollars is 50 dollars of spending.
Check: 15 dollars of saving plus 50 dollars of spending is 65 dollars.
That is the same as the money in, so the budget balances.
A budget balances when saving plus spending equals the money in.
Curriculum
Where this fits
- British Columbia, Grade 6
Mathematics, Financial literacy: financial literacy: simple budgeting and consumer mathBC6-MA-46
The outcomes and strands follow the British Columbia curriculum.
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