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Unit Plan

Money Math

Curated and Reviewed by Lesson Planet
This Money Math unit plan also includes:

Young mathematicians put their skills to the test in the real world during this four-lesson consumer math unit. Whether they are learning how compound interest can make them millionaires, calculating the cost of remodeling their bedroom, or setting up a budget, these lessons help students appreciate the ways math is applied to life outside the classroom walls.

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CCSS: Adaptable
Concepts
consumer math, money word problems, percents, compound interest, interest rates, simple interest, taxes, budgeting, income tax, personal finance, consumer finance, finance, converting percents to decimals, converting decimals to percents, percent problems, scale drawings, scale, area
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Additional Tags
math
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Instructional Ideas
  • Teach these lessons together as a unit, or break them up and supplement them into separate lesson series on percents, area, and organizing information in tables and charts
  • During the lessons on saving and budgeting, have a representative from a local bank or financial institution come in and talk to your class
Classroom Considerations
  • Prior to beginning this unit, young mathematicians need a basic understanding of percents, decimals, area, and scale
  • The timing of this unit can be easily adjusted to fit your own class schedule
  • Computers are used by students during some of these lessons, which may require you to schedule time for your class in the school's computer lab
Pros
  • All worksheets, assessments, graphic organizers, and visual displays needed for teaching these lessons are included with the resource
  • Clear step-by-step instructions are provided for each learning activity included in this unit
  • Challenge activities are offered at the end of each lesson that extend student learning
  • Answer keys are offered for the different learning exercises
Cons
  • None