Making money

Adults need to earn money in order to meet their needs and wants. What are some ways that people earn money?

Salary
Money that is paid to a worker on a regular basis for work that has been done.

Wage
Money that is given to a worker based on the number of hours they work

Paycheque
A paycheque is a paper document that is given to a worker for their wage or salary.

Brainstorm

Brainstorm

Think about this question: How do people make money?

Record your ideas in an audio recording, on paper, or on a computer.

Applying skills

Journal entry

Complete a journal entry using pictures and/or words that shares ideas about how you can earn money. Use the following prompts to communicate your thinking. The journal entry can be done on paper, digitally or voice recorded.

• What are some jobs in our community?
• What is a job that you might like to do as an adult to earn money? Think about things you like to do and things that you are good at.
• Use the following checklist to help you review:

Brainstorm

Applying understanding

To build on our understanding of earning money and math you are going to work towards solving two questions. You can work alone or with a partner to work out the problems.

A baker gets $5.00 every time he bakes a cake for a customer. He wants to buy a new cake pan which costs $22.00.

1. How many times will the baker need to bake a cake in order to earn enough money to buy the pan?

How will you figure it out?

2. If the baker has $25.00 and he buys the pan for $22.00, will he have money left over?

How do you know?

Record your thoughts and responses in an audio recording, on paper, or on a computer.

Deepening your understanding

Your turn!

The baker has saved enough money to buy new pans. Now you will create your word problem of your own where a student must save money to buy something that is needed for school (e.g., backpack, basketball, indoor shoes, etc.). You can create using paper, on the computer, a descriptive audio clip, speech to text software, or a method of your choice to show your knowledge.

Reflection

How do you feel about what you have learned in this activity?  Which of the next four sentences best matches how you are feeling about your learning? Press the button that is beside this sentence.

I feel...

I have an excellent understanding of the concepts   I have a very good understanding of the concepts   I have some understanding but need to review some more  my understanding of the concepts needs a lot more work

Now, record your ideas about your feelings using a voice recorder, speech-to-text, or writing tool.