Grade 5 · Number
Financial Literacy: Plans, Budgets, and Making Change
Grade 5 financial literacy introduces budgeting: a plan for how income will be distributed across expenses, savings, and giving. A budget is a mathematical model of financial decisions. Creating one requires addition, subtraction, and proportional reasoning. Making change to $1,000 extends the counting-up strategy to larger amounts and connects decimal arithmetic to real commercial transactions.
LESSON VIDEO
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Lesson video
A short walkthrough to play in class or assign for flipped/at-home viewing.
WHAT STUDENTS WILL LEARN
✓Make monetary calculations including making change with amounts to $1,000
✓Apply counting-up and decomposing strategies to make change
✓Create a simple financial plan to meet a financial goal
✓Develop a basic budget with income and expense categories
✓Apply decimal arithmetic to financial calculations