1. To be able to explain simple budgetsLG
To be able to identify the GST of an Item
To be able to explain simple budgets
S.C
- I can explain why a financial plan and budget are and important - I can manage a financial plan/ budget for an event.
-I can identify the GST on items.

2. GST - What is it??
Did you know there's one tax that most Australian kids have to pay? It's called the GST and it's charged on most of the things you buy and on things people do for you. But the Prime Minister has just announced he's open to increasing it or putting it on more things.
Watch this BTN report:
ACTIVITY- in your own words describe what the GST is?

3. Spot…. the GST
The Gst is often found at the bottom of recepts, Like this example

4. Using a table in your book, organise the recepts on the next two slides to show:
Total amount spent
Amount of GST added
What the price would have been if the GST wasn’t added (remember to show your working)
Recepts
Total
GST Added
Price if no GST was added A.
$17.90
$1.62 $
$16.28 B. C. D. E. F.

5. A. C. B.

6. D. F. E.

7. Watch the Video on Budget – On Weebly

8. Travel Budget
This travel budget template makes it easy to enter your travel expenses for your next trip. As you enter your travel costs you can quickly see where the money is going, how much extra you'll have, or how much you'll need to add to your budget.
What are my expenses?
Description
What you’re paying for
Type
Quantity
(how much)
Unit Cost
cost of it by itself
Amount
Flights
Transportation 2
$600.00 $
Taxi/Bus 5
$30.00
$150.00
Hotel (nights stayed)
Lodging
$120.00
Breakfast and lunch
Food
$45.00
$225.00
Dinner
$50.00
$260.00
Museum Tickets
Entertainment
$20.00
$40.00
Live show Tickets
$35.00
$70.00
Total Amount: $2,545

9. Travel Budget
Draw this table in your book and with a partner use these websites
(for Hotels)
(for Fights)
(for Entertainment)
(for Food)
and calculate how much it will cost to travel to Perth for 3 nights. Include things you would like to do in the ‘Tickets’ section (eg. Go to the zoo, movies etc.)
What are my expenses?
Description
Type
Quantity (how much)
Unit Cost
Amount
Flights
Transportation 2 $
Taxi/Bus
Hotel (nights stayed)
Lodging 3
Breakfast and lunch
Food
Dinner
Tickets
Entertainment

10. Travel Budget
With that same partner use the websites to create a Travel Budget for a weekend away to Sydney. Make it a competition and see who can do it using the least amount of money. You must eat three times a day and buy tickets to two different entertainments for two people.
What are my expenses?
Description
Type
Quantity (how much)
Unit Cost
Amount
Flights
Transportation $
Taxi/Bus
Hotel (nights stayed)
Lodging
Breakfast and lunch
Food
Dinner
Museum Tickets
Entertainment
Live show Tickets

11. Travel Budget
Finally, you’re traveling to the Gold Coast on a $1500 Budget. You CAN NOT spend more than $1500. Plan a trip doing as many things as you can without going over budget.
What are my expenses?
Description
Type
Quantity (how much)
Unit Cost
Amount
Flights
Transportation $
Taxi/Bus
Hotel (nights stayed)
Lodging
Breakfast and lunch
Food
Dinner
Museum Tickets
Entertainment
Live show Tickets