managing your budget
Post on 01-Jan-2016
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DESCRIPTIONManaging Your Budget. An Interdisciplinary Technology Quest Elizabeth G. Hill. Overview. - PowerPoint PPT Presentation
Managing Your Budget
An Interdisciplinary Technology QuestElizabeth G. Hill
OverviewThis 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.
Georgia Performance StandardsSS2E3 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
Students, Are You Ready?IntroductionYou 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.
TaskYou will work in groupsYou will research material itemsYou will complete a budget using a program called Excel
ProcessGet in your groupResearch PricesTruckToolsCell phone
Together, Do the ResearchPerson OnePerson One should help click through the power point and read aloud the information that is written.Person TwoPerson Two should listen to the information and write it down on 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!!!!! Dont 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.
First, Find a Truck.
Remember to write your information down so both of you can compare and make the best choice.
Truck One2003FordE350CD player, very good condition Year: 2003 Make: Ford Model: E350 Engine: V8 Transmission: Automatic Mileage: 20,000 Color: WhitePrice$27,000
Truck Two 2001FORDF150 SUPERCABLariat 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: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?Truck OneorTruck Two
Then, Look for Some Tools!WrenchPliersHammerScrewdriverSawStrong ScissorsFlashlightDrillTape Measure
Tool Kit OneContains 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. MfgWarranty:Lifetime Delivery Time: 10-15 Business Days Price $2,199.99
SK 179-Pc. Professional Tool Set
Tool 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.MfgWarranty:Lifetime Delivery Time: 10-15 Business Days Price $529.99 SK 18-Pc. Tool Set
Now You Might Have a DilemmaTool Kit OneTool Kit TwoAsk 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.
Cell Phone OneThe 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 TwoKyocera 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
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!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.
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 partnersUse the computer safelyCollect and write down your dataUse the data to make good choicesArrive at a decision to start your companyBe able to put your data back into the budget sheet in the computer lab with the teachers helpLook on the next slide to see how you will be graded
You will each get points for the work you do. Please try to do your best!Total = 100 points
Teachers ReferencesTo get all the of the moving pictures I went to www.gifsnow.comTo 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 dont be scared of it like I was.