Activities to Teach Students About Purchases – Do You Have Enough Money – Up to $5
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As a teacher, it is important to teach students about the value of money and how to make sound purchases. This is a life skill that they will use throughout their lives. In the classroom, there are several activities that can help students understand purchases and budgeting.
One such activity is the “Do You Have Enough Money?” game. This game can be played with items that cost up to $5. Students can use fake money or play money to simulate real-life purchases.
To begin the activity, the teacher can choose several items that cost less than $5, such as candy bars, pencils, or small toys. The items should be displayed on a table or whiteboard for all students to see.
Each student is given a set amount of fake money, say $10. They must decide which items they want to purchase and how much money they will spend on each item. For example, they might purchase two candy bars for $1 each, a pencil for $0.50, and a small toy for $2.50.
After each student has made their purchases, the teacher can ask them to calculate the total cost of all their items. They must then subtract this total from their starting amount of fake money to see if they have enough money left over. This allows them to learn how to budget and make smart decisions about purchases.
To make the activity more challenging, the teacher can also add in sales tax. In this case, students must also calculate the total cost of their purchases with tax and ensure they still have enough money left over.
Overall, this activity is a fun and interactive way to teach students about purchases and budgeting. It can help them develop important life skills that will serve them well in the future.