Grade Level:  Grades 3-5

Subjects:  Math, Language Arts, Vocational Skills

Learner Outcomes:

         The Student will understand the importance of a budget.

         The Student will read about occupations that deal with a budget.

         The Student will learn how to set up a budget.

         The Student will make a budget.

Duration of Lesson:    2 - 3 days (40-45 minute sessions)

Materials:

         Examples of budgets (household, office, and business).
         Budget sheet for each student
         Calculator for each student.
         Paper/pencil for each student.
         Budget Information Packet (example)  ***  must be prepared before lesson
         Computer with internet access

Suggested Readings:

Monster Money Book  by Loreen Leedy,
How the Second Grade Got $8,205.50 to Visit theStatue of Liberty by Nathan Zimelman,
Amelia Works It Out  by Marissa Moss

Technology Tools/Courseware:

           Computer
         Calculators
         FactMonster.com

Teachers Notes:

       An "Acceptable Use Policy" form signed for every student. (If applicable)
       Make copies of the Budget Sheet and Budget Information Packet
      If you are using Netscape, the "return to lesson button" on Word documents may not
         function. To return to the lesson close the document.
 

Procedures:

        Day 1:

  1.  Ask students what they think a budget is and why it is necessary for
            households, offices, and businesses to have one.

   2.  Have students log on to FactMonster,and How to Make a Budget and Stick to It
            and read what a budget is.

   3.  Discuss what would be included in a household budget and make a class list.

   4.  Discuss how a household budget would differ from an office or business budget.

         Day 2:

    1.  Review what a budget is.

    2.  Demonstrate how to develop a budget.  Using the list from the previous days'
             lesson, as a class create a budget.   Discuss with students the end result of the
             budget:  Is there money left over? Was there enough money to pay the bills?
             Are there some areas in which you could reduce spending? etc.

         Day 3:

           CREATE A BUDGET:

     1. Divide students into pairs.
     2. Give each pair a budget sheet.
     3. Review with the students how to fill out a budget sheet. (example)
     4. Give each pair of students a Budget Packet
     5. Students will complete their budget.
     6. As students finish, have the students explain their budget to you.
     7. Students may display their budgets in the classroom.

Modifications:

    Special needs students will be paired with another student to enable success.

Enrichment:

    The enrichment center will include readings dealing with the days lesson.
    Students may prepare a budget with their family.
    Students may practice by using Coolmath.com Lemonade Stand

Evaluation/Assessment:

    Teacher observation
    Completed budget sheet

West Virginia IGO's

    Language Arts:  3.40, 3.52, 3.59, 4.31, 4.85, 5.176

    Math: 3.47, 3.48, 3.49, 3.53, 4.25, 4.47, 4.50, 4.54, 5.10, 5.12, 5.14, 5.16

    Vocational:  PW.34, PW.35, PW.36, PW.37, PW.41
 

National Standards

Math:

Uses a variety of strategies in the problem-solving process
Uses basic and advanced procedures while performing the processes of computation

References:

        FactMonster.com
      How to Make a Budget and Stick to It
        Coolmath.com
 

Authors:

Marcia Davis
Linda Bias
Brenda Horne
Cox Landing Elementary
 
 

Overview

Lesson 1 Quarter and a Dime is 35¢

Lesson 2 Chi - Ching

Lesson 3  $5.00 Is Not Enough?

Lesson 4 Budget - Smudget

Lesson 5 Don't Let It Bounce