Financial math
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 look at the price of the items and add them together.
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 cut back on expenses.
BNPL Danger: The biggest financial risk of using BNPL services is that it makes it very easy to is to get fines or go over too many payments.
Our group project required us to plan a trip to Wellington.
Project Summary
- Our Project Goal Was: To be respectful of the ideas being spoken and to hopefully not go over $3,000.
- The Biggest Expense We Budgeted For Was: Transportation and it was $1,174.00.
- The Most Important Math Skill We Used Was: Total Cost & Change
Here is our project
Maths Project by 25rhiab76