The Budget Project
The Outcomes class will be learning about budgeting and the math skills used to solve budget related problems. During this unit, your child will investigate careers and jobs of interest, what is a salary, learn about making good choices when planning a budget, sticking to a budget, understanding how budget decisions are made, understanding the difference between income and expenses, what is credit, what is an ATM/CHECK CARD, expenses they will have to pay when they’re adults, how to pay a bill, keeping an account ledger, following a calendar, and so much more!!! At the end of the unit students will be completing a poster board project and presentation on the following six areas; career/job choice, what’s salary, what’s the difference between wants and needs, what’s credit, how to pay a bill, and what is the difference between income and expenses. To extend your child’s learning, any at home practice you can provide would be greatly appreciated. Below are several suggestions.
J Talk to your child about budgeting techniques used in your household.
J Show your child what your budget looks like and discuss what kinds of expenses he or she might have as an adult.
J With your child, look online to find current budgets for your local school, city, state, and country. Talk about your findings.
J Help your child make a list of needs and wants, including costs involved with each. Talk about how needs must take priority over wants. Explain that if you really want something you may need to save your money to buy it!