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Managing Your Budget

Managing Your Budget. An Interdisciplinary Technology Quest Elizabeth G. Hill. Overview.

damian-blair
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Managing Your Budget

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  1. Managing Your Budget An Interdisciplinary Technology Quest Elizabeth G. Hill

  2. Overview This lesson is about using various resources and tools to make wise purchases and to develop a budget as an educated consumer. Elementary second grade students will explore the topics within the content areas of mathematics, social studies, science and language arts.

  3. Georgia Performance Standards • SS2E3 The student will explain that people usually use money to obtain goods and services they want. • S2CS2 Students will have the computation and estimation skills necessary for analyzing data and following scientific explanations. • M2N1 Students will understand the place value representation of whole numbers through four digits. • ELA2R3 The student acquires and uses grade-level words to communicate effectively. • Technology Foundation Standards 1, 2, 5, 9

  4. Students, Are You Ready? Introduction You both just graduated college and you have started your own company working together as electricians. You need to buy a new truck, some tools and a cell phone. You need to do some research to get the best deals.

  5. Task • You will work in groups • You will research material items • You will complete a budget using a program called Excel

  6. Process • Get in your group • Research Prices • Truck • Tools • Cell phone

  7. Person One Person One should help click through the power point and read aloud the information that is written. Person Two Person Two should listen to the information and write it down on budget worksheet. Together, Do the Research Work together by reading and discussing the choices. Which is the better buy? Why? Will be you spending or saving more money with the choice you made? Remember, the goal is to be smart about your choices.

  8. Wait!!!!! Don’t you need to know how much money you already have to buy all of these awesome things? Together, you both have a total of $30,000. That should be enough money to get you started.

  9. First, Find a Truck. Remember to write your information down so both of you can compare and make the best choice.

  10. Truck One 2003 Ford E350 CD player, very good condition Year: 2003 Make: Ford Model: E350 Engine: V8 Transmission: Automatic Mileage: 20,000 Color: White   Price  $27,000          

  11. Truck Two 2001 FORD F150 SUPERCAB Lariat pkg w/o leather running boards bed liner Factory tinted windows sliding rear window, Front bucket seats w/console, cruise, a/c, windows, Engine: TRITION 5.4 Transmission: AUTO Mileage: 91,000 Color: RED Price $20,950

  12. What truck can we ride in together that is comfortable? What color can we agree on? Where will we store all of our tools safely? Which is the better deal for our money? Ask Yourselves These Questions: Truck One or Truck Two

  13. Then, Look for Some Tools! Wrench Pliers Hammer Screwdriver Saw Strong Scissors Drill Tape Measure Flashlight

  14. Tool Kit One SK 179-Pc. Professional Tool Set Contains 44 sockets in SAE and metric sizes, standard and deep in 1/4in. and 3/8in. drive, 14 drive tools and attachments, 32 SuperKrome ratcheting and adjustable wrenches, 51 screwdrivers, ball hex keys, 1000 Volt screwdrivers and nut drivers, 6 pliers, 11 punches, chisels and pry bars, 5-pc. auto inspection tool kit, 3 files, 2 hammers, 2 thermometers, 2 tube cutters, fin straightener, core removal tool, scraper, inspection mirror, deluxe gauge set, A/C refrigeration wrench, tri-bender, swagging tool, AC/DC pen type screwdriver, torpedo level, wood ruler, voltage tester, AC/DC clamp, electricians knife, thickness gauge and nylon belt, bag and tool pouch. Lifetime limited warranty. U.S.A. Mfg Warranty: Lifetime Delivery Time: 10-15 Business DaysPrice $2,199.99

  15. Tool Kit Two SK 18-Pc. Tool Set Follows IBEW specifications. Contains 5 pliers, 2 screwdrivers, center punch, adjustable wrench, hammer, torpedo level, wood ruler, AC/DC pen type screwdriver, voltage tester, electrician's knife, nylon belt, bag and tool pouch. Lifetime limited warranty. Mfg Warranty: Lifetime Delivery Time: 10-15 Business DaysPrice $529.99

  16. Now You Might Have a Dilemma… Tool Kit One Tool Kit Two • Ask yourselves these questions: • Which tool kit would we use more? • Which kit could we both share while we are working on the same job? • Even though one is more expensive than the other, which kit would best suit our needs? • Can we afford two tool kits somehow?

  17. Next, Choose a Cell Phone.

  18. Cell Phone One The i605 is Nextel's high tier cell phone. This monolith is fully equipped to handle the toughest jobs in the field. The Nextel i605 features: -A 2.2” daylight-readable color display -Meets Military Standard 810 F for Dust, Shock, and Vibration -Walkie-Talkie Speaker / Privacy modes Nextel i605 Price $299.99 Free belt clip holster

  19. Cell Phone Two Need to talk? Then just push to talk. The Kyocera KX444 with its rugged styling, rubber side grips and keypad, provides instant communication and can take some punishment. Whether you are staying in touch with coworkers or they are across the job site or across the country, the KX444 BREW enhanced phone is for you! -Push to Talk, -Walkie-talkie/Speakerphone, voice activated dialing Price $129.99 Kyocera KX444

  20. Make Your Choice! Cell Phone One Cell Phone Two • Which cell phone will be you be able to use all the time, each and every day? • Will you both need a cell phone to communicate back and forth with one another or your customers? • Which is the better deal for our money?

  21. Choices, Choices, Choices! • Look over your information to see if it is correct. You can click back through the show to view it again if you missed something. • Take some time (more than 5 minutes) and discuss your options. • Think about the items that would best suit your needs as new electricians who want to do their best job with their customers. • Make some choices about which items you would like to purchase. • Continue to fill out your budget sheet.

  22. Finally, Explain your reasoning. There are no right or wrong answers to this activity. I want to see if you and your partner can do these things: • Work together as partners • Use the computer safely • Collect and write down your data • Use the data to make good choices • Arrive at a decision to start your company • Be able to put your data back into the budget sheet in the computer lab with the teacher’s help Look on the next slide to see how you will be graded

  23. You will each get points for the work you do. Please try to do your best! Total = 100 points

  24. Teacher’s References • To get all the of the moving pictures I went to www.gifsnow.com • To get all of the information and pictures about each object I went to www.google.com and typed in the information I wanted to find I had fun making this project for you. Have fun using the computer and don’t be scared of it like I was.

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