Remember: A budget balances when the coins planned match the coins coming in. It can change, and it must add up.
Read and answer
Read the story first, then answer.
Mina makes a planMina earned ten coins every Saturday. Four Saturdays brought forty coins, her coins in for the month. But plenty of things wanted them: pencils, bus rides, comics, treats and presents. Without a plan, forty coins can melt away by the second week, so Mina made a budget, a plan for coins in and coins out. She made four groups, for needs, fun, saving and gifts. Needs like pencils and bus rides came first, but fun and gifts were okay too. Needs got ten coins, fun twelve, saving ten and gifts eight. Ten, twelve, ten and eight made forty, so every coin had a job. A budget balances when the coins planned match the coins coming in. In week two the bus cost two coins more, so Mina's needs grew to twelve coins, and she moved two across from fun. That left ten for fun, and the plan still added up to forty. At the end of the month Mina checked her plan against what really happened. A budget is not a cage. It is a plan that changes when life does, and the only rule is that it adds up.
1
Mina earns 10 coins every Saturday. Four Saturdays bring coins in the month.
2
What is a budget?
A list of everything you want to buyA plan for coins in and coins outCoins hidden in a jar
3
Mina plans needs 10, fun 12, saving 10 and gifts 8. In all that is coins.
4
After planning all four groups, how many of the 40 coins have no job?
NoneFourTen
5
Circle every need.
Pencils for schoolIce cream with friendsThe bus ride to schoolCoins for the bike jar
6
Join each group to an example.
1Needs
2Fun
3Saving
4Gifts
Apencils and bus rides
Ba comic or ice cream
Ccoins for the bike jar
Da present for Gran
Change it, order it, fix it
7
The bus costs 2 coins more, so needs grow from 10 to coins.
8
Mina moved 2 coins from fun to needs. Is her plan still balanced?
No, it adds up to 42No, it adds up to 38Yes, it still adds up to 40
9
A budget is balanced when the coins planned match the coins coming in.
TrueFalse
10
Once a budget is made, it can never change.
TrueFalse
11
Put Mina's budget steps in order.
Check the plan against what really happened
Give every coin a job
Add up the coins coming in: 40
Make groups: needs, fun, saving and gifts
12
Mina plans needs 12, fun 12, saving 10 and gifts 8, and says it is 40. Fix the mistake. What is wrong?
It adds up to 42, which is more than the 40 coins coming inIt adds up to 38Nothing, it is right
13
Stretch: Mina plans 10 coins as needs 4, fun 2 and saving 2. Gifts must be coins to balance.
14
Make your own plan for 20 pretend coins in four groups. Write the numbers and check they add up.
Scan the code at the top to mark this sheet on screenTake a photo of your answers or type them. It is marked for you automatically, and your score is kept.
Answer key · Set A
Making a budget
140 10 + 10 + 10 + 10 = 40 coins in.
2A plan for coins in and coins out A budget is a plan for coins in and coins out.
340 10 + 12 + 10 + 8 = 40.
4None The plan adds up to exactly 40, so every coin has a job.
5Pencils for school, The bus ride to school Pencils and the bus ride are needs. Ice cream is fun, and the bike jar is saving.
61-A, 2-B, 3-C, 4-D Each group has things that belong in it.
712 10 + 2 = 12 coins for needs.
8Yes, it still adds up to 40 Needs rose by 2 and fun fell by 2, so the total stayed 40: 12 + 10 + 10 + 8 = 40.
9True That is the only rule: the plan adds up.
10False A budget is a plan that changes when life does, as long as it still adds up.
114, 3, 1, 2 Know what comes in, make the groups, give every coin a job, then check at the end.
12It adds up to 42, which is more than the 40 coins coming in 12 + 12 + 10 + 8 = 42, which is 2 more than 40. Move 2 coins out so the plan adds up.
132 4 + 2 + 2 = 8, and 10 − 8 = 2, so gifts get 2 coins.
14Your own words: a grown-up reads it.
Mark each answer, count the right ones and write the score on the sheet.