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Budgeting Responsibility Standards: 1. Number, Number Sense and Operations Standard: 11. Explain how place value is related to addition and subtraction of decimals; e.g., 0.2 + 0.14; the two tenths is added to the one half because they are both tenths 2. Responsibility

Objectives: 1. Students will manage a check book, adding and subtracting numbers with decimals.

Procedures: 1. Prior to this lesson, students should investigate and list what expenses adults have to maintain. (mortgage, groceries, electricity, gas, water/sewer, car payments) 2. Students will be broken into groups of two. Each group will represent a ‘family’ who is budgeting out their home. 3. Drawing: Each group will pick a piece of paper out of a hat that will let them know what their job and monthly income is. 4. Hand out a list of possible living expenses. The groups have to make choices as to if they will have a small, medium, or large home. These choices will effect their other expenses. They will also have to choose a type of car and how much food they usually eat. Students will then have to go through the expense list and start ‘paying their bills’, subtracting expenses from the monthly income. They may have to go back and refigure their choices if they don’t make enough money to support their ‘lifestyle’. 5. If you want to add another element, students may be able to pick up a second job to add more to their income, or have a sheet of extras (new clothes, eating out, vacation) that they can choose from to add to the activity. 6. In the end, students will turn in a sheet with their proposed budget and lifestyle and a sheet of all the subtraction problems they completed.

Assessment: 1. Completed Budget Sheet with computations