Money Management/Financial Literacy

/Money Management/Financial Literacy
Money Management/Financial Literacy 2018-09-20T21:24:28+00:00

Budgeting with Math

The purpose of this lesson is to equip students with the knowledge needed to be able to budget their money wisely.  They need to be able to shop for groceries, cleaning supplies, and hygiene items without overspending.  They also need to be able to see how much money they are bringing in and how much they are spending and budget accordingly.  This lesson is also beneficial for working in retail stores.

GED Content Areas

  • Number and Ratios

  • Algebra and Functions

Budgeting: Learning to Manage Money to Achieve Your Goals

The purpose of this lesson is for students to learn the importance of budgeting from a monthly income and analyzing common monthly expenses in order to select a career that will allow them a reasonable standard of living. This lesson aims to motivate students to further their education and set career and financial goals.

 

 

GED Content Areas

  • Number and Ratios

Calculating Percent in Real-Life Situations

The purpose of this lesson is for students to be able to proficiently work with percent problems in real world situations.  After this lesson, students will be more informed consumers and will be able to use these skills as needed for work and life.

GED Content Areas

  • Number and Ratios

Checkbook Integers

Students will be able to apply their knowledge of addition and subtraction of rational numbers to complete a computerized check register so that they will be able to accurately maintain workplace financial documents. Not only will this help from a business standpoint, but this will also help them in their personal lives as they will be able to keep transaction records of their own accounts.

GED Content Areas

  • Number and Ratios

  • Number and Ratios

  • Number and Ratios

  • Number and Ratios

Real-Life Proportions

This lesson will assist students in understanding proportions.  Use of ratios and rates from the previous lesson will be continued in the set up and use of proportions.  Students will demonstrate their understanding of proportion by using ratio reasoning.

The use of proportions is important because it will give students knowledge of utlilizing the concepts learned in real-life.  Some of the tasks students will be able to perform are solving geometric and measurment problems, calculate recipes, driving distances, and costs.  Students will be able to use proportional reasoning at work and home.

Prerequisites for this lesson are understanding ratios and rate from the previous lesson.  Also, students need to have a good understanding of mulitplication.

GED Content Areas

  • Number and Ratios

  • Algebra and Functions

What's Your Profit?

Students will fill in missing data in a table after finding the percent of increase or percent of decrease to calculate pricing items at the gift shop, calculating high traffic volume periods, and creating work schedules for their career in hospitality and tourism.

The purpose of this lesson is to enhance the understanding of percent and ratio use, to be able to proficiently perform repeated calculations to find the percent of increase or decrease for real-life and work related scenarios, to be able to create tables/charts that visually summarizes the information, as well as reasoning through word problems to determine appropriate computations needed.  

Pre-requisite Knowledge: Number base 10 and fractions. Ideally, students will already have some experience working with ratios, and will have basic understanding on how to read graphs. 

GED Content Areas

  • Number and Ratios

Don’t Let Cost Be Your Goal Buster: Ways to Pay for Higher Education

Students will learn about various ways to pay for higher education, which may encourage them to pursue a certificate or degree that will help them with a career. Specifically, students will learn about the Work Ready Kentucky Scholarship and other grants, scholarships, and loans. Students will be encouraged not to charge tuition on credit cards and to avoid high interest loans if at all possible.

 

GED Content Areas

  • Reading

The Vocabulary of Saving and Investing Money

Students will use context clues to determine the meanings of new words in articles about personal finance. Students will need to use this skill in future class, on exams, and in the workplace. Students will learn about the importance of saving and some basic ways to invest their money.

GED Content Areas

  • Language