This worksheet applies maths to real money situations, teaching students to calculate earnings, build a savings plan, decide whether they can afford something, and plan a budget for an excursion or event. The worksheet is split into warm-up questions, standard questions and then extension questions to test you.
The concepts it covers:
- A budget is a plan for how money will be earned, spent and saved.
- A savings plan works out how long it takes to save for something: weeks = amount still needed ÷ amount saved each week.
- If the answer is not a whole number of weeks, round up, because you can't buy it until you have saved enough.
- Profit = money coming in (income) − money spent (costs).
- To compare deals, find the price of one unit (per litre, per month) for each deal.
What your child will practise:
- Calculating earnings from hourly or per-job rates.
- Building a savings plan and work out how many weeks are needed.
- Deciding "Can I afford it?" by comparing total cost with money available.
- Planning a budget for an excursion, holiday or school event, including profit from a fundraiser.
- Using a simple spreadsheet formula to calculate a total.
Every section opens with a worked example, and the download includes a full answer key with step-by-step solutions and teaching notes on the mistakes students most commonly make.
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