The Big Idea: This week, we will review GRAPHING DATA and discuss PERSONAL FINANCE. Here are the specifics:
- Distinguish between fixed and variable expenses
- Find profit when given expenses and earnings
- Create a budget for spending and saving when given a weekly allowance.
- Understand the role of banks
What Texas says:
- 4.10(A) distinguish between fixed and variable expenses
- 4.10(B) calculate profit in a given situation
- 4.10(C) compare the advantages and disadvantages of various savings options
- 4.10(D) describe how to allocate weekly allowance among spending, saving, including for college; and sharing
- 4.10(E) describe the basic purpose of financial institutions, including keeping money safe, borrowing money, and lending
Homework:
- Monday’s Video: Personal Finance – Making a Profit
- Tuesday’s Video: Personal Finance – Budgeting Your Allowance
- Wednesday – Review of Place Value Worksheet
Helpful Videos:
- Difference Between Fixed Expense and Variable Expense
- More Differences Between Fixed and Variable Expenses
- School House Rock – Where Does the Money Go?
- Smart Budget Cartoon
- Role of Banks Cartoon
- What is a Bank?
