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Features

  • The goal and its "I can" line, what to get ready and the words to use
  • A 45 minute lesson in five steps (warm up, teach with words to say, try it together, practice, exit ticket)
  • Questions to ask, and the mistakes students make and what to do about them
  • Ideas for students who need help or are ready for more
  • Each plan ends with the Animal Math worksheets and tool for that lesson
  • Lessons: taxes and sales tax, gross and net income, ways to pay, keeping a record with a running balance, when expenses are more than income, and balancing a simple budget
  • Every lesson is a state lesson: the Texas financial literacy lessons for 5th grade
  • People, banks and amounts are made up, and the lessons teach how money works, never what to choose

5th Grade Math CurriculumUnit 16

These are the lesson plans for Unit 16 of 16 in the 5th Grade Math Curriculum: 127 lessons in teaching order, week by week, each with a lesson plan and an exit ticket.

Also for this unit: exit tickets, pre-check, unit review and test. See the whole year

Resources for Each Lesson

Everything each lesson plan points to, with links. Sheet numbers count worksheets: a color pack prints each sheet again in black and white.

16.1 Taxes and sales tax

16.2 Gross income and net income

16.3 Ways to pay

16.4 Keep a financial record

16.5 When expenses are more than income

16.6 Balance a budget

Skills Covered

  • Income, payroll, sales and property taxes
  • Sales tax and the total
  • Gross income and net income
  • Paying by check, debit card, credit card and electronic payment
  • A record with a running balance
  • When expenses are more than income, and balancing a budget

How to Use This Pack

Six lesson plans, one for each lesson of a 5th grade unit on money and financial literacy, in teaching order, after an overview page that lays the unit out day by day: a pre-check, the six lessons, a review and the unit test. Each plan fits on one page. It gives the goal, what to get ready, the words to use, the lesson in five steps with the words to say, questions to ask, common mistakes and what to do about them, and the Animal Math worksheets and tool for the lesson.

In the Classroom

Print the unit, or just the day's page, and teach from it. Each lesson takes about 45 minutes: a 5 minute warm up, 10 minutes of teaching, 10 minutes together, 15 minutes of practice and an exit ticket at the end. Every lesson in this unit comes from the Texas financial literacy standards for 5th grade, so the unit can be taught at any point in the year, a lesson at a time. Keep play bills and coins and a class store on hand for the first and fourth lessons. The exit tickets, pre-check, review and unit test are separate packs, made for these lessons, and the plans use other amounts and stories than they do.

At Home

Teaching at home? Use the warm up and the "Try it together" step as a short lesson, and the "Words to use" as the way to talk about it. A store receipt shows the sales tax, a made-up pay stub shows gross and net pay, and a week of allowance and spending makes a running balance. The mistakes to watch for are the ones most children make.

Tips for Success

  • Read the "Watch for" box before the lesson: it is what to listen for while students work
  • Sales tax is so many cents for every dollar: multiply, then add it to the price
  • Net pay is gross pay minus taxes and other deductions
  • Say "money in, add; money out, subtract" on every line of a record
  • Sort the exit tickets into got it, almost and not yet to plan the next day

5th Grade Money and Financial Literacy Lesson Plans

Lesson plans for every lesson of a unit on money and financial literacy, from the four kinds of taxes and gross and net income to ways to pay, account records and balancing a budget. Each plan gives a lesson in five steps, words to say, common mistakes and the worksheets to use, after a unit overview.

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What’s Included

  • 6 one-page lesson plans, one for each lesson of the unit
  • A unit overview: the unit day by day, what to get ready, how each lesson goes
  • Words to say, questions to ask and common mistakes for every lesson
  • The worksheets and tool for each lesson (7 pages in all)
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