Financial Literacy Maths task
Over the past two terms, we mastered important financial skills, from quick calculations to long-term planning. We learned that being financially literate means being a detective 
(spotting deals), a planner 
(making budgets), and a critical thinker 
(avoiding money traps)!
We improved our ability to handle complex transactions and calculate costs and change accurately. We became Discount Detectives, learning how to apply percentages to find the sale price, and even how to work backward to find the original price!
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Precision Tip: When calculating the total cost of multiple items, I found it most helpful to put all the expenses into a calculator tog et a total.
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Discount Strategy: If a jacket is 40% off, one way to find the sale price is to take the first number of the original price and then times that by the first number of the sale price then minus that from the original price and that’s how you find the price after the sale
We moved on to creating financial plans! We used spreadsheets to build budgets and learned how to convert amounts between weekly, monthly, and yearly timeframes. We also critically examined financial options like phone plans and ‘Buy Now, Pay Later’ (BNPL) services.
Budgeting Check: If my expenses are consistently higher than my income, I have a Deficit. This means I must be more conscious of my purchases.
BNPL Danger: The biggest financial risk of using BNPL services is that it makes it very easy easy to over commit to too many payments .
Our group project required us to plan a significant financial event. We chose to budget for a dream trip
Project Summary
- Our Project Goal Was: To make an iternary for a big trip and the expenses and calculate how much it would be.
- The Biggest Expense We Budgeted For Was: our flights
- The Most Important Math Skill We Used Was: Total Cost & Change
My Personal Take away
Before this unit, I thought money management was just about not going into debt.
Now, I understand that good financial literacy also involves applying discounts and budgeting .
I feel most confident now when calculating Discounts.