Math

Unit 9 Personal Financial Litaracy

Students will independently use their learning to …

Solve problems in everyday life about saving and spending money by applying an understanding of personal financial responsibility.

Students will understand that…

Managing financial resources effectively can influence financial security.
Wants and needs can be met through appropriate earning, saving, and investment strategies.

Students will keep considering …

How can you use your money wisely?
How do you decide if this is something that you want or that you need?
Should we buy everything we want?

Students will know …

the difference between a producer and a consumer.
saving money is when someone chooses not to spend money but to keep it for another time or purpose.
the difference between a deposit and a withdrawal.
that lending is giving money that will be returned.
it costs money to produce an item.

Students will be skilled at …

calculating how money saved over time can accumulate into a larger amount.
calculating how much money it costs to make a simple item.
identifying examples of borrowing.
distinguishing between responsible and irresponsible borrowing.
identifying examples of lending.
evaluating lending decisions.
applying the mathematical process standards.

Standards

2.1 The student uses mathematical processes to acquire and demonstrate mathematical understanding.

(A) apply mathematics to problems arising in everyday life, society, and the workplace;

(B) use a problem-solving model that incorporates analyzing given information, formulating a plan or strategy, determining a solution, justifying the solution, and evaluating the problem-solving process and the reasonableness of the solution;

(C) select tools, including real objects, manipulatives, paper and pencil, and technology as appropriate, and techniques, including mental math, estimation, and number sense as appropriate, to solve problems;

(D) communicate mathematical ideas, reasoning, and their implications using multiple representations, including symbols, diagrams, graphs, and language as appropriate; (E) create and use representations to organize, record, and communicate mathematical ideas;

(F) analyze mathematical relationships to connect and communicate mathematical ideas; and

(G) display, explain, and justify mathematical ideas and arguments using precise mathematical language in written or oral communication.

2.11 The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security.

(A) calculate how money saved can accumulate into a larger amount over time

(B) explain that saving is an alternative to spending

(D) identify examples of borrowing and distinguish between responsible and irresponsible borrowing

(E) identify examples of lending and use concepts of benefits and costs to evaluate lending decisions

(F) differentiate between producers and consumers and calculate the cost to produce a simple item