Business and Economics – What Is A Budget?

$3.50

An easy to teach and ready-to-go lesson to help your students understand the benefits and basics of budgets.

Description

An easy to teach and ready-to-go lesson to help your students understand the benefits and basics of budgets.

The word budget can make grown-ups groan with boredom but your students will be totally engaged with this fun task!

Integrate HASS and Maths with this straightforward but highly engaging lesson.

Introduce your students to the concept of budgeting with this fun, straight-forward activity.

After defining the key ideas of budgets and their purpose your students will be able to complete a simple budget for a weekend away in Melbourne to determine if the traveller can afford it. After they’ll be able to dig right in and plan their own ultimate family weekend while sticking to a budget of course. They’ll love researching their options for travel, accommodation and sightseeing while practising their budgeting skills and building their understanding of the strategies that can be used when making consumer and financial decisions as outlined in the Year 5 HASS curriculum.

These 3 activities can be completed as a single lesson or can be separated to be used as morning work/homework.

And to make life easier for you we’ve included:

  • A detailed lesson plan.

Your business and economics lessons don’t have to be as boring as the stock market report! This fun, interactive activity brings economics and business concepts to life so students can make connections with their own real-life experiences developing genuine understanding.

Want to see what you’re getting before you buy? Click here to download the preview.

This lesson is the perfect warm-up for our Ultimate Party Budget Planner activity which will take your students’ budgeting skills and knowledge to the next level. Click here to check it out.

Australian Curriculum Content? Consider it done!

You can tick off the following Curriculum descriptors!

  1. ACHASSK121 – explore the strategies that can be used when making consumer and financial decisions
  2. ACMNA106 – Create simple financial plans
  3. ACHASSI099 – Examine different viewpoints on actions, events, issues and phenomena in the past and present
  4. ACHASSI103 – Use criteria to make decisions and judgements and consider the advantages and disadvantages of preferring one decision over others.
  5. This lesson activity is included in our Year 5 Business and Economics Complete Unit which features everything you need including a detailed unit plan, lesson plans, activities, posters and assessment activities. Click here to check it out.

Additional information

Grade

Year 5, Year 6

Resource Type

INTERACTIVE NOTEBOOK, Worksheets

Subject

Business and Economics, English, HASS

Are Answers Included?

No

Number of pages

5

Printable

Yes

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