Florida B.E.S.T. MA.912.FL.2.5
The Standard
Develop budgets that fit within various incomes using spreadsheets and other technology.
Florida B.E.S.T. Standards for Mathematics
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students use income and expense information to create a workable budget in a spreadsheet. They use formulas to total amounts, find the remaining balance, and revise spending when conditions change.
What Mastery Looks Like
- Students create a clear spreadsheet that correctly calculates total income, total expenses, and money remaining. They adjust spending when income or costs change and explain the tradeoffs they made.
Common Misconceptions
- Students often budget with gross pay instead of take-home pay or mix weekly, monthly, and yearly amounts. They may forget irregular costs, double-count expenses, or type totals instead of using spreadsheet formulas.
How to Assess It
- Give students a monthly take-home income of $2,400 and six expenses. Ask them to build a spreadsheet budget, calculate the balance, and revise it after a $150 rent increase.
Lesson moves
Ways to Teach It
Give pairs income and expense cards to sort, total, and enter into a spreadsheet without exceeding the monthly income.
Ask students to write which expense they would reduce after losing $200 in monthly income and explain why.
Run a budget challenge where teams draw surprise expense cards and revise spreadsheet categories while keeping a nonnegative balance.
Use local rent, food, transportation, and utility prices to build a realistic first-apartment budget for an entry-level salary.
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Related Standards
- MA.912.FL.2.2
Solve real-world problems involving profits, costs and revenues using spreadsheets and other technology.
- MA.912.FL.2.1
Given assets and liabilities, calculate net worth using spreadsheets and other technology.
- MA.912.FL.4.1
Calculate and compare various options, deductibles and fees for various types of insurance policies using spreadsheets and other technology.
- MA.912.FL.2.6
Given a real-world scenario, complete and calculate federal income tax using spreadsheets and other technology.
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