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Saving Strategies Worksheet
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Saving Strategies Worksheet
Help Oliver plan for a new bicycle. Use Australian dollars, show calculations where useful, and choose strategies that make saving realistic.
Oliver’s bicycle fund
A bicycle costs $468. Oliver already has $108 saved and wants to buy it in 12 weeks. She receives $35 each week for chores and small jobs.
1.How much more money does Oliver need to reach the bicycle price? Write a subtraction calculation.
2.If Oliver saves the same amount each week, how much must she put aside for 12 weeks to reach her goal?
3.What percentage of Oliver’s $35 weekly income is a $30 saving? Round to the nearest whole per cent.
Plan
Save each week
Left to spend each week
Steady
$30
$5
Flexible
$25
$10
4.Which plan reaches the $360 target in 12 weeks? Show how you know.
- Steady plan: save $30 each week
- Flexible plan: save $25 each week
- Both plans
5.Under the flexible plan, how much would Oliver have saved after 12 weeks, and how much would she still need for the bicycle?
6.Oliver decides to save $30 each week. After 4 weeks, how much will she have saved altogether, including her original $108?
7.A sale reduces the bicycle price by 10%. What is the discount, and what is the sale price?
8.With the sale price of $421.20, after using Oliver’s $108 savings, how much must she save over the next 12 weeks? Give the equal weekly amount in dollars and cents.
9.Which is the stronger saving strategy for Oliver: setting aside savings as soon as she gets paid, or spending first and saving whatever remains? Choose one and explain why.
10.Oliver can save $30 weekly, but she expects to need $12 for a bus trip in week 5. Suggest one adjustment that keeps her on track to reach the original $360 target in 12 weeks. Show the total saved.
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