Mathematics Lesson 1: Money, Money, Money Learning

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Published 2026-10-03 · 13 slides · 0 views

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Mathematics Lesson 1: Money, Money, Money Learning

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Mathematics Lesson 1: Money, Money, Money Learning Intentions how to evaluate goods and services (needs and wants) how to create and evaluate a balanced budget how to use appropriate mathematical terms when budgeting We are learning Do you

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MathematicsLesson 1: Money, Money, Money

Learning Intentions how to evaluate goods and services (needs and wants) how to create and evaluate a balanced budget how to use appropriate mathematical terms when budgeting We are learning…

Do you know how much you spend? How much do you spend? Do you know where all your money goes? Are you always asking for more money?

Expense Tracking Money Diary

Categorise your expenses You could put your expenses into the following categories:

How could you save money on the following?
clothing
food
entertainment
health and beauty
school supplies
other

Look at your own expenses.
Decide if you can cut back anywhere to save money. Cutbacks!

NEEDS WANTS Things we must have to stay alive. Things we don’t need but would like to have.

Budget You can draw it up in advance.
or
You can use it to record your income and expenditure.
It shows:
Income – how much money you have and where it comes from.
Expenditure – how much you expect to spend, or have spent, and on what. What is a budget? A budget is a spending and saving plan.

What is a budget for? A budget can be useful when planning an event like a wedding or a party. It’s also useful when paying for Christmas presents, holidays and meals, and for working out usual weekly or monthly expenses.

How to make a budget On paper In a spreadsheet Use an app

Key Words Income Expenditure Budget Money you receive from pocket money, presents, jobs or interest on savings. Money you spend on things you need (such as food) and things you want (such as meals in restaurants). An estimate of income and expenditure for a specific length of time.
Many different types of people and groups have budgets, including individuals, families, companies and governments.

Mathematics Lesson 1: Money, Money, Money Learning

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