6th Grade Advanced Math Unit 12

Big Idea:

Becoming a knowledgeable consumer and investor focusing on banking, credit, paying for college and comparing career incomes.

Student Expectations:

Focus TEKS

6.14(A) [Supporting] compare the features and costs of a checking account and a debit card offered by different local financial institutions

6.14(B) [Supporting] distinguish between debit cards and credit cards

6.14(C) [Supporting] balance a check register that includes deposits, withdrawals, and transfers

6.14(D) [Not Tested] explain why it is important to establish a positive credit history

6.14(E) [Supporting] describe the information in a credit report and how long it is retained

6.14(F) [Supporting] describe the value of credit reports to borrowers and to lenders

6.14(G) [Supporting] explain various methods to pay for college, including through savings, grants, scholarships, student loans, and work-study

6.14(H) [Supporting] compare the annual salary of several occupations requiring various levels of post-secondary education or vocational training and calculate the effects of the different annual salaries on lifetime income

7.13(A) calculate the sales tax for a given purchase and calculate income tax for earned wages;

7.13(D) use a family budget estimator to determine the minimum household budget and average hourly wage needed for a family to meet its basic needs in the student's city or another large city nearby;

7.13(F) analyze and compare monetary incentives, including sales, rebates, and coupons.

Ongoing TEKS

7.4 (D) solve problems involving ratios, rates, and percents, including multi-step problems involving percent increase and percent decrease, and financial literacy problems

Learning Targets:

• Balance a checkbook
• Identify impacts to a credit score
• Discuss options for paying for college
• Investigate the cost of a lifestyle and determine the wages and a job and a degree plan to attain that life style
• Create a personal and family budget

Essential Questions:

• How do compare bank services?
• How and why do you need to establish a positive credit history?
• How can you pay for college?
• How can you support your desired lifestyle?
• How much should my minimum monthly family budget be?

Extra Information:

Adopted Textbook: Houghton Mifflin Harcourt - GO Math!

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