Our dream trip
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!
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 take some money away from my spending.
Our group project required us to plan a significant financial event Trip
Project Summary
- Our Project Goal Was: our to Spend less then $32,000 on our trip
- The Biggest Expense We Budgeted For Was: shopping at $1000 a day
- The Most Important Math Skill We Used Was: Total Cost & Change
Before this unit, I thought money management was just about adding and taking away
Now, I understand that good financial literacy also involves is a lot harder than you think but it becomes easy when you understand it.
I feel most confident now when calculating budgets.
Here is my project