Financial Basics — Lesson 202

Money Math - Who Needs It?

Students create menus for the school cafeteria, and establish the cost of items and any 'specials'. Then they take orders, and use money math to calculate the total cost, and any tips.

What Students Learn

  • Practical applications of money math (calculating tips, profit, P/E ratio, stats, etc.)
  • How money math can be used to help your business

 

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Activity 1: 30-45 minutes
Middle School Lesson Plan

Young Entrepreneurs: Lava Bags

Clips for this Lesson

Three man at jungle wearing borm
Sketch: Monty Python
Portrait of small girl kid face
Young Entrepreneurs: 3rd Grade Market Day
Young Entrepreneurs: Lava Bags
Three men ready to fight with shield
Sketch: ’10’ Movie Trailer

Lessons in Financial Basics

Lesson

Money Math – Who Needs It?

What Students Learn

  • Whether you need to calculate the tip, make change, or grow your savings, it’s all about the math in money.
Group discussion of two woman and a man
Lesson

How to Achieve Your Financial Goals

What Students Learn

  • Learn how to track expenses, control spending, and invest what’s left over to reach your financial goal.
Man looking through the magnifying glass
Lesson

Don’t Blow Your Dough

What Students Learn

  • Biz Kid$ beware! Put your money in a safe place and beware of scams, schemers, and identity theft.
Anchor talking at Biz Kids show
Lesson

Budgeting Basics

What Students Learn

  • The first rule of money management: you can’t manage what you don’t know. Learn how to track expenses to build a better budget.
Woman pointing to set financial goals
Lesson

Are You Financially Literate

What Students Learn

  • Get financially empowered by learning how to set goals, create a budget, save, and manage money.
A woman in a black top, looking at a boy
Lesson

Where’s My Allowance?

What Students Learn

  • What can you do with your allowance? Spend, save, share!
Sketch Loan Arranger with hat
Lesson

Take it to the Bank

What Students Learn

  • Learn the difference between banks, credit unions and other financial institutions, and which one is right for you.