Name
Family budget
Topic
financial Mathematics
Learning time
4 hours
Designed time
4 hours
Size of class
25
Description
Family budget proposal
Aims
• Being able to describe the method of securing money in own families and to compare it with security in another family • description of the risks, costs and benefits in the case of self-employment • Present your attitude towards money by participating in the management of family • Being able to explain the relationship of family members to Money
Outcomes
Knowledge, Comprehension, Application, Analysis, Synthesis, Evaluation, Affective learning outcomes
Editor
Darina
Edit
At Home : Family expenses
15 minutes)
  • Discuss
    15
    25
    0
    Ask your parents how they solve problems related to family budget in your family (if you have older brother or sister and they are earning money already, discuss also with them) -independence - finding of family expenses
Notes:
Resources linked: 0
in Class: The Game
30 minutes)
  • Collaborate
    30
    5
    0
    Play the game in the group (4 to 6 students) - each student presents one member of the family - father, mother, brother, sister (they will choose one card). E.g. for the weekend family has fixed amount of money. Every member will say which needs he/she has and all together they will fix which needs are most important, what they will abnegate to keep family budget (to become aware about priority of family needs (e.g. food, ...) prior to the own needs. Each group present their decisions and it will be evaluated best way of weekend spending control. -responsibility during shopping -increase of resistance (relisciention)- to accept evaluation of the group - to learn from own mistakes
Notes:
Resources linked: 0
My pocket many
35 minutes)
  • Discuss
    25
    25
    1
    - To become aware about priority of family needs prior to the own needs. - If we would like to have higher pocket-money - support in household, help to grandparents, energy saving, payments for telephone operators, delivery of leaflets,... - business thinking - to find a way how to earn / get pocket - money
  • Practice
    10
    5
    1
    Peer reviews - formative assessment according to the attached Rubric. Each student evaluates the cooperation in his/her group. The teacher as a consultant gives advice if necessary walking along and helping to improve their cooperation.
Notes:
Resources linked: 0
Creating a family budget
160 minutes)
  • Read Watch Listen
    15
    25
    1
    Creation of budget proposal teacher presentation - Family budget - Slideshare 15 min
  • Investigate
    30
    5
    1
    To mention which possibilities are for fixed family income (both parents working, only 1 parent is working, divorced parents - only mother working,...) 10 min - each group has at disposal summary of 2 incomes of parents in our region - determining from internet - 5 -video - 15 min
  • Collaborate
    50
    5
    1
    Creation of budget proposal - based on available manual to prepare monthly budget proposal 30 min - to create presentation of monthly budget proposal in the group - slideshare, mind maps, poster,... 20 min -responsibility for learning process, to work independently on teacher, teacher as consultant, to see purpose of the learning
  • Discuss
    45
    25
    0
    - to present proposals of each group in front of other students 25 min - to evaluate proposals of students based on groups - voting by students - i inquiry - to fix best proposal of monthly family budget 20 min -to teach students to think positively -reziliention - to continue also after unsuccess
  • Practice
    20
    20
    1
    Peer reviews - formative assessment. Students from each group present their proposal on family budget. Classmates evaluate them according to the attached Rubric. Final evaluation is done by their teacher.
Notes:
Resources linked: 0

Learning Experience

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