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WEEKLY OVERVIEW TERM 2WEEK 1TIME11am-12pmOVERVIEWMoney and Financial MathematicsRESOURCESMONDAYInvestigating income and expenditureUsing manipulatives (plastic coins/notes), practise creating an amount of money with different combinations of coins and notes Discuss the difference between ‘good and services’ Calculate and compare the cost of two items with different quantities- determine which is the better deal.Class brainstorm- comparing income and expenditure. What is the difference? What are some examples of income or expenditure?Complete a range of basic problem solving questions- students to determine if the problem relates to income or expenditure. Plastic coins/notesGoods and Services worksheet TUESDAYDeveloping a savings plan/spending planReview content from previous lesson through a class discussion. Introduce savings and spending plans by watching the video, Super Cyril's Circus Supplies Engage in the Fun Day Out Interactive Activity (whole class activity)Develop a savings plan for Tilly (whole class) Complete the Wet Water Park worksheet- create a savings plan (independent activity)Sharing Circle- students will share their saving plans with other students. Super Cyril's Circus Supplies video- ’s Saving Plan worksheetWet Water Park worksheet WEDNESDAYBalancing income and expenditure Maths Warmup- 6 timetables- Around the World. Two students will race to answer the timetable first. The first person to answer correctly moves to the next student to answer the next timetable. Revise the saving plans that were completed in the lesson prior. Explain that they will now create a spending plan. Complete the Wet Water Park worksheet- create a spending plan (independent activity)Use problem solving methods to determine whether enough money is saved to cover the total amount from the spending plan Working in their maths rotation groups, the students will complete a range of problem solving questions to determine the income or expenditure value. When questions are complete, students can discuss how they found the answer to each question. Formative Assessment: Wet Water Park WorksheetCan you afford it? Worksheet- Wet Water Park worksheetTHURSDAYInvestigating simple finance plansReview definitions of the terms- savings plan, goods, spending plan, expenditure, income and services Draw on prior knowledge- what do the students know about financial plans. As a class, create a simple financial plan for a student. (LM to decide on income and expenditure for this task)Complete a series of problem solving questions to determine the profit or loss for an item Students will independently (using Ipads) engage in the, Our big weekend, interactive activity. Our big weekend interactive activity- Ipads FRIDAYReview, reinforce, extend learning Money Bingo Warmup game- Revise Australian currency and amounts Use the beginning of the lesson to revise any specific content that students have misunderstood Students will create a context for themselves- writing down their income and expenditure for one month and the item they are saving/wants to buy. LM to split class into pairs- students will swap their contexts with their partner. Students will create a simple financial plan for their partner Money Bingo Financial Plan worksheetAppendicesSuper Cyril's Circus Supplies- Screenshot (Week one)5824766980800Fun Day Out Interactive Activity- Screenshots ()026289000Tilly’s savings planTilly is going to Sea World with her family on the school holidays. She would like you to help her find out how much money she can save in the next 2 months. Below is a list of Tilly’s income and expenditure for a week. Every week Tilly makes her bed and keeps her room clean to get $10 pocket money. Every Friday, Tilly buys an ice-cream after school sport. The ice-cream costs $2.50. Every Saturday morning, Tilly helps her Dad sell icy cups at her brother’s cricket match. For helping Tilly earns $5. When shopping one weekend, Tilly stops at the RSPCA stall and donates $6 to their charity. On the last day of school, it is a free dress day. Tilly has to donate $1 so she can wear free dress. Use the table below to calculate Tilly’s income and expenditure for one month. For the purpose of this activity, there will be 4 weeks in a month.IncomeExpenditure (Goods/Services)Pocket money$10 per week$10 x 4=$40Ice-cream$2.50 $2.50x4= $10Income- selling icy cups$5 per day$5x4= $50 RSPCA donation$6 Free Dress Gold Coin Donation$1Total: $90Total:$17How much savings will Tilly have to take to Sea World? (Show your working)Income- expenditure= savings for one month $90- $17= $73 Savings for one month x 2= Savings for two months$73 x 2= $146 Tilly will have _________________ savings to take on her family holiday.Wet Water Park Worksheet (Week one)109451012854000My savings plan:My spending planWeekSource of incomeAmount Total 12Goods/servicesCost ($)Total ................
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