Spend A Million! What if?? A Maths Project for Year 4 at Cranbourne East Primary

Time to Win Some Money!

CONGRATULATIONS! You have WON!!!  You have won $1,000,0000  How would you like to spend it?  You may spend it on ANYTHING you want.  But as always, there are a few conditions.

The fine print  You must spend one million dollars to the exact cent.  You cannot buy more than one of any item. E.G. You cannot buy two houses or two cars.  You must cut every item you purchased out from a catalogue, newspaper or internet with costs or receipts.  All ‘cut outs’ must have the price clearly marked.  Prices need to be added up in your workbook and show your understanding of trading.  Prices need to be added up on an Excel spreadsheet, that ends with the eventual balance of zero dollars.  You could purchase items at random or follow a common theme. Eg. Setting up a house or going on a holiday.

Step One: Create a budget. Item NumberItem DescriptionItem Cost Total Cost  This is a list of the items that you would like to buy and an estimation of their cost.  Don’t forget to work out the total cost of all of the items.

Step Two: Go Shopping!  This is the fun part!  Begin with the ‘big ticket’ items.  Make sure you cut out the item and that price is clearly marked.  You may use newspapers, magazines and catalogues. You may also use the internet at home.

Step Three: Calculating  You will need to keep track of your spending by adding up the cost of your items as you go.  You must show your ability to add with trading. And/or  This is where you use the calculator to double check your spending records.

Step Four: Keeping a Record  You will need to keep a record of your spending in your Maths book.  This is also where you input all of your spending into Microsoft Excel.  You will need to use the ‘Auto Sum’ function to add up the cost of all of your items.  Your teacher will be able to help you with this And/or  This is where you use the calculator to double check your spending records Item NumberItem DescriptionItem Cost Total Cost

Assessment  At the end of this project you will be able to: Add and subtract using money and decimals (using trading). Discuss the meaning of difference and how to work out how much you have left to spend. Use MS Excel to represent and calculate data.