# Package 2-5: Keeping to a budget

In this task your child will use strategies to add and subtract 4-digit numbers with decimals.

Week 3 - Package 5 - Year 5 and 6 Mathematics - Keeping to a budget

# Things you need

Have these things available so your child can complete this task.

## Ideal

• Print out this lesson

• Blank paper for working out

## Back up

• Blank paper for working out

# Before you start

Most things cost money. We need to think about how much money we have to spend on certain things that we need or want. We often use the term budget to indicate how we are going to spend our money.

# What your child needs to know and do

Students need to have strategies to add and subtract 4-digit numbers with decimals. Understand that 100 cents is equivalent in value to 1 dollar. Use their knowledge of Australian money. Use the Theatre Prices picture below to solve the problems.

# What to do next

Image of theatre prices: Distance Education Primary School (2019) NSW Department of Education

1. A family of four want to go to the theatre. The information above shows the pricing of admission and other costs, such as entry costs and refreshments (food and drink).

2. One child and one adult go to the theatre. They have a budget of \$160 in total to buy their tickets and some snacks. What snacks and tickets might they buy? What are 3 different options for how they could spend their money?

# Options for your child

## Activity too hard?

Add different items to the menu.

## Activity too easy?

Make up more difficult scenarios. Eg. If a group of 12 people and you have \$2000. What tickets can you buy for each person and still afford a snack each and 4 programs for the group?

Use other price lists to calculate budgets. Eg. Entry into an amusement park, zoo or a family meal at your favourite restaurant.

# Extension/Additional activity

Plan a budget for a birthday party for ten people, 20 people or 100 people. Include the price of decorations, food, drinks, entertainment and anything extra you would like or need (napkins, cutlery).

Calculate the total budget for the birthday party.

Explore Moneysmarts task Fun Day Out.