Shopping Budget Project
Lesson preview: the Mini Lesson and Vocabulary are open to everyone. Guided practice, exercises, the parent checklist and the printable PDF worksheet come with full access (free 7-day trial or membership).
What you will learn
- 1Add and subtract money amounts within a budget
- 2Plan and record a shopping list using addition and subtraction
Mini Lesson
Planning a shopping trip with a budget means you need to estimate and add up prices and check you have enough money. If you spend less than your budget, you get change back that you can save. Change = Budget - Total Spent. Being good at adding money amounts and making change is a key life skill!
Adding Money
- Line up the decimal points when adding money amounts.
- Add the cents first, then carry over if needed.
- Add the dollars next.
- Example: $1.50 + $2.30 = $3.80
Making Change
- Start with the amount paid (your budget).
- Subtract the total amount spent.
- The result is your change.
- Example: $20.00 - $9.70 = $10.30 change.
Words to know
Budget
A plan for how much money you can spend
e.g. My budget is 20 dollars for snacks.
Total
The sum of all the prices added together
e.g. My shopping total is $18.50.
Price
How much money one item costs
e.g. The price of the apple is $1.25.
Spend
To use money to buy something
e.g. I spent $5 on a book.
Save
To keep money for later instead of spending it
e.g. I saved $3 from my allowance.
Estimate
A close guess of an answer using rounded numbers
e.g. I estimate my total will be about $20.
Count up from the total spent to your budget to find change. For example, $9.70 + $0.30 = $10.00, then + $10.00 = $20.00. Change = $10.30.
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