Managing Your BudgetManaging Your Budget

An Interdisciplinary Technology QuestAn Interdisciplinary Technology Quest

Elizabeth G. HillElizabeth G. Hill

OverviewOverview

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

Georgia Performance Georgia Performance StandardsStandards SS2E3 The student will explain that people usually use SS2E3 The student will explain that people usually use

money to obtain goods and services they want.money to obtain goods and services they want. S2CS2 Students will have the computation and S2CS2 Students will have the computation and

estimation skills necessary for analyzing data and estimation skills necessary for analyzing data and following scientific explanations.following scientific explanations.

M2N1 Students will understand the place value M2N1 Students will understand the place value representation of whole numbers through four digits.representation of whole numbers through four digits.

ELA2R3 The student acquires and uses grade-level ELA2R3 The student acquires and uses grade-level words to communicate effectively.words to communicate effectively.

Technology Foundation Standards 1, 2, 5, 9 Technology Foundation Standards 1, 2, 5, 9

Students, Are You Ready?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.

TaskTask

You will work in groupsYou will work in groups You will research material itemsYou will research material items You will complete a You will complete a budget budget

using a program called Excelusing a program called Excel

ProcessProcess

Get in your groupGet in your group Research PricesResearch Prices

TruckTruck ToolsTools Cell phoneCell phone

Together, Do the ResearchTogether, Do the Research

Person OnePerson OnePerson One Person One should help click should help click through the power through the power point and read point and read aloud the aloud the information that is information that is written.written.

Person TwoPerson TwoPerson Two Person Two should listen to the should listen to the information and information and write it down on write it down on budget worksheet.budget worksheet.

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.

Wait!!!!!Wait!!!!!

Don’t you need to know how Don’t you need to know how much money you already have much money you already have to buy all of these awesome to buy all of these awesome things?things?

Together, you both have a total Together, you both have a total of $30,000. That should be of $30,000. That should be enough money to get you enough money to get you started.started.

First, Find a Truck.First, Find a Truck.

Remember to write your Remember to write your information down so both of you information down so both of you can compare and make the best can compare and make the best choice.choice.

Truck OneTruck 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          

Truck TwoTruck 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

Ask Yourselves These Questions:Ask Yourselves These Questions:

What truck can we What truck can we ride in together that ride in together that is comfortable?is comfortable?

What color can we What color can we agree on?agree on?

Where will we store Where will we store all of our tools all of our tools safely?safely?

Which is the better Which is the better deal for our deal for our money?money?

Truck One

or

Truck Two

Then, Look for Some Tools!Then, Look for Some Tools!

Wrench Pliers

Hammer

Screwdriver SawStrong Scissors

Flashlight

Drill Tape Measure

Tool Kit OneTool Kit One

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

SK 179-Pc. Professional Tool Set

Tool Kit TwoTool Kit Two

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

SK 18-Pc. Tool Set

Now You Might Have a Now You Might Have a Dilemma…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?

Next, Choose a Cell Phone.Next, Choose a Cell Phone.

Cell Phone OneCell 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

Price $299.99

Free belt clip holster

Nextel i605

Cell Phone TwoCell Phone Two

Kyocera KX444

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

Make Your Choice!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?

Choices, Choices, Choices!Choices, Choices, Choices!

Look over your information to see if it is Look over your information to see if it is correct. You can click back through the correct. You can click back through the show to view it again if you missed show to view it again if you missed something.something.

Take some time (more than 5 minutes) and Take some time (more than 5 minutes) and discuss your options.discuss your options.

Think about the items that would best suit Think about the items that would best suit your needs as new electricians who want to your needs as new electricians who want to do their best job with their customers.do their best job with their customers.

Make some choices about which items you Make some choices about which items you would like to purchase. would like to purchase.

Continue to fill out your budget sheet.Continue to fill out your budget sheet.

Finally, Explain your reasoning.Finally, Explain your reasoning.

There are no right or wrong answers to this There are no right or wrong answers to this activity. I want to see if you and your activity. I want to see if you and your partner can do these things:partner can do these things:

Work together as partnersWork together as partners Use the computer safelyUse the computer safely Collect and write down your dataCollect and write down your data Use the data to make good choicesUse the data to make good choices Arrive at a decision to start your companyArrive at a decision to start your company Be able to put your data back into the Be able to put your data back into the

budget sheet in the computer lab with the budget sheet in the computer lab with the teacher’s helpteacher’s helpLook on the next slide to see how you Look on the next slide to see how you will be gradedwill be graded

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

JobsJobs Person OnePerson One Person TwoPerson Two

Work together Work together 20 points20 points

Computer use Computer use 15 points15 points

Written data Written data 20 points20 points

Staying within $30,000 Staying within $30,000 budget budget 20 points20 points

Putting data in computer at Putting data in computer at lab lab 15 points15 points

Neat handwriting Neat handwriting 5 points5 points

Names Names 5 points5 points

Total = 100 points

Teacher’s ReferencesTeacher’s References

To get all the of the moving pictures I To get all the of the moving pictures I went to www.gifsnow.comwent to www.gifsnow.com

To get all of the information and To get all of the information and pictures about each object I went to pictures about each object I went to www.google.com and typed in the www.google.com and typed in the information I wanted to findinformation I wanted to find

I had fun making this project for you. I had fun making this project for you. Have fun using the computer and Have fun using the computer and don’t be scared of it like I was.don’t be scared of it like I was.