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Year level 5-6 Budgeting Mathematics

Launch digiactivity

Students gain an understanding of simple budgeting and distinguish between needs and wants by organising a weekend away for their family.

This digiactivity builds on the knowledge learned in the related unit of work resource. It introduces higher level calculations and decisions.

It can be used by individual students and teacher-led group activities. 

Curriculum alignment

Year 5

Learning area: Mathematics

Content descriptions

Strand: Number and Algebra

  • Sub-strand: Number and place value
    • Identify and describe factors and multiples of whole numbers and use them to solve problems (ACMNA098)
    • Use efficient mental and written strategies and apply appropriate digital technologies to solve problems (ACMNA291)
  • Sub-strand: Money and financial mathematics
    • Create simple financial plans (ACMNA106)

Learning area: HASS

Content descriptions

Strand: Knowledge and Understanding

  • Sub-strand: Economics and business
    • The difference between needs and wants and why choices need to be made about how limited resources are used (ACHASSK119)

Strand: Inquiry and Skills

  • Sub-strand: Evaluating and reflecting
    • Use criteria to make decisions and judgements and consider advantages and disadvantages of preferring one decision over others (ACHASSI103)

Year 6

Learning area: Mathematics

Content descriptions

Strand: Number and Algebra

  • Sub-strand: Number and place value
    • Select and apply efficient mental and written strategies and appropriate digital technologies to solve problems involving all four operations with whole numbers (ACMNA123)

Learning area: HASS

Content descriptions

Strand: Knowledge and Understanding

  • Sub-strand: Economics and business
    • How the concept of opportunity cost involves choices about the alternative use of resources and the need to consider trade-offs (ACHASSK149)

Strand: Inquiry and Skills

  • Sub-strand: Evaluating and reflecting
    • Use criteria to make decisions and judgements and consider advantages and disadvantages of preferring one decision over others (ACHASSI131)

General capabilities

Level 4: Typically, by the end of Year 6, students:

  • Literacy:
    • navigate, read and view subject-specific texts with some challenging features and a range of graphic representations
    • use developing knowledge of the structure and features of learning area texts to comprehend and compose a range of more complex texts for identified purposes
  • Numeracy
    • solve problems and check calculations using efficient mental and written strategies
    • create simple financial plans, budgets and cost predictions
  • Critical and Creative Thinking
    • assess and test options to identify the most effective solution and to put ideas into action

Related resource(s):