Do You Have Money to Burn? A Lesson in Budgeting Karen Indenbom University of Phoenix CMP-555 March 3, 2006 Karen Indenbom University of Phoenix CMP-555 March 3, 2006

Table of Contents ASSURE Model for Teachers Analyze Learners State Objectives Select Methods, Media & Materials Utilize Media & Materials Require Learner Participation Evaluation of Methods & Materials References

Table of Contents for Students Problem Statement What should you do? Needs versus Wants Debt versus Income Create a Spreadsheet Chart the Difference Culminating Activity Deliverables

Teachers Stuff

26 tenth-grade students Consumer mathematics class years old Below average in mathematics and require the assistance of a resource room teacher Two-thirds of the students are African American and/or Hispanic who live in an urban community. Little or no behavioral problems Visual and kinesthetic learning styles

Entry Competencies The tenth grade mathematics students are able accomplish all of the following: Keep a journal of daily expenses Create and format a Microsoft Excel spreadsheet Create basic formulas in Microsoft Excel Estimate daily and monthly expenses Discuss financial goals and describe the differences between needs and wants Choose an appropriate line graph and create it from data in Microsoft Excel Read and interpret line graphs Create documents using Microsoft Word Cut and paste information from one Microsoft program to another

Keep a journal of all the things they spend money on in one month without missing more than 3 days Compare estimated monthly spending budgets to actual spending behavior by creating a Microsoft Excel spreadsheet with formulas that calculate the difference between the two with 100% accuracy Choose, design, and label a line graph that shows the correlation between estimated spending habits, actual spending habits, and the difference between the two with 95% accuracy Summarize actual spending habits versus estimated spending habits and develop a plan to save more money next month by creating a report citing the savings plan in Microsoft Word

Proxima Projector Laptop Cart with 30 Laptops Microsoft Office Suite Prepare the Learners Provide the Learning Experience Select Methods, Media, and Materials

Preview the Materials Prepare the Materials Prepare the Environment Prepare the Learners Provide the Learning Experience

Large Group Activities Small Group Activities Individual Activities

Rubric Observation Notes Student Surveys Poster Spreadsheets Quiz

Do You Have Money to Burn? Students Stuff

We are going to investigate how well your actual spending habits match your estimated spending habits and find areas where you can save money each month.

What should you do? Keep a journal of everything you spend money on for a month. Discuss the difference between needs and wants. In your groups, discuss how you spend your money. Estimate how much money you spend in a month. Create a Microsoft Excel Spreadsheet calculating the difference between actual spending habits and estimated expenses. Graph your results. Create a poster of your results and present them to the class. Discuss your individual spending habits and how you can improve those spending habits. Complete the Word Search to remember terms related to budgeting. Take the Budget Quiz. Use the Rubric to determine how you are doing on your projects.

NeedsWants

Debt versus Income Salary RentFoodCell PhoneCar PaymentSavingsEntertainmentClothesCar Insurance

Create a spreadsheet of your budget!

Chart the difference between your estimated budget and your actual budget.

Culminating Activity Create a poster containing one of the charts the chart you created in Microsoft Excel. Write a short essay (two to three paragraphs) explaining your results, what you learned and what you can do to save more money next month. The essay should be written in Microsoft Word and attached to your poster. You will present your poster to the class explaining the results and your saving strategy for next month.

ObjectivesBeginningDevelopingAccomplishedExemplary Scores Create and maintain an expenses journal 1 point Journal was not detailed. Missed 7 or more days of expenses. Journal could be neater and/or more organized. 2 points Journal was not detailed. Missed 4-7 days of expenses. Journal could be neater and/or more organized. 3 points Kept a detailed journal of daily expenses. Missed less than 3 days of expenses. Journal was neat and organized. 4 points Kept a detailed journal of daily expenses. Expenses were accounted for every day. Journal was neat and organized. of 4 Compare and sort data in a Microsoft Excel spreadsheet 1 point Worksheets were not complete. Formulas were not entered correctly. Did not sort data properly. 2 points Worksheets were complete. Some formulas were not entered correctly. Sorted data. 3 points Worksheets were complete. Entered in all the correct formulas to calculate totals and differences Sorted expenses in descending order. 4 points Worksheets were complete. Entered in all the correct formulas to calculate totals and differences. Sorted expenses in descending order. Customized worksheets by changing fonts, colors and size of cells of 4 Graph data in Microsoft Excel 1 point Graphed results in a separate worksheet. Appropriate graph was chosen. All data was not included or graph was not accurate. Graph did not include X and Y labels, title or a key. 2 points Graphed results in separate worksheet. Appropriate graph was chosen. All data was not included or graph was not accurate. Graph included X and Y labels, was titled and included a key. 3 points Graphed results in a separate worksheet. Appropriate graph was chosen. Graph was accurate and included all data. Graph included X and Y labels, was titled and included a key. 4 points Graphed results in a separate worksheet. Appropriate graph was chosen. Graph was accurate and included all data. Graph included X and Y labels, was titled and included a key. Changed fonts and colors in graph. of 4 Create a poster 1 point Poster included only the Excel graph or the Essay. Essay did not express a clear savings plan. Essay was not organized well and/or was not neat and/or contained several errors in spelling, punctuation, and capitalization. Poster did not demonstrate a thoughtful effort. 2 points Poster included Excel graph and essay written in Microsoft Word. Essay expressed a savings plan. Essay could use more work in organization and word choice. Essay was neat. Essay contained several errors in spelling, punctuation, and capitalization. Poster was very basic. 3 points Poster included Excel graph and essay written in Microsoft Word. Essay expressed a clear savings plan, was organized and used precise word choice. Essay demonstrates was neat and had very few errors in spelling, punctuation, and capitalization. Poster was creative and demonstrated a thoughtful effort. 4 points Poster included Excel graph and essay written in Microsoft Word. Essay expressed a clear savings plan, was organized and used precise word choice. Essay demonstrates mastery of grammatical conventions, was neat and free from errors in spelling, punctuation, and capitalization. Poster was creative and demonstrated a thoughtful effort. of 4

References Animation Factory. (2006). Retrieved electronically on March 3, 2006 from Bethlehem Township School District. (2005). Mr. Blackmans monthly budget lesson. Retrieved electronically on February 1, 2006 from Commerce Bank. (2005). Commerce WOW!Zone. Retrieved electronically on February 1, 2006 from Kennesaw State University. (2005). School related background sets and clipart. Retrieved electronically on February 1, 2006 from m m Smaldino, S., Russell, J., Heinich, R., & Molenda, M. (2004). Instructional technology and media for learning. 8th ed. Upper Saddle River, NJ: Pearson Prentice Hall Inc.

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