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Money Budgeting Basics

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Money Budgeting Basics

Harrison, Levi and Tane are helping a local kiwi recovery project. They have a set amount of money to spend on useful supplies. Read each task carefully, add NZ dollars and cents, and check that spending stays within the budget.

Know your money

New Zealand coins include 10c, 20c, 50c, $1 and $2. Notes include $5, $10, $20, $50 and $100.

1.Which coin is worth the most: 50c, $1 or $2? Circle one.

2.Harrison has one $10 note, one $5 note and one $2 coin. How much money does he have altogether?

3.The team needs an item costing exactly $3. Tick every payment combination that makes exactly $3.

One $2 coin and one $1 coin
Three $1 coins
One $5 note
Two 50c coins

Spend within the project budget

The team has a $15 budget for supplies. Choose items from the price list in the questions below.

Waterproof gloves — $4

Feed container — $5

Cleaning brush — $3

First-aid pack — $6

4.Choose three different supplies from the price list that cost no more than $15 altogether. Write the supplies and their total. There may be more than one correct choice.

5.Levi buys gloves for $4 and a feed container for $5. How much do they cost altogether?

6.If the team spends $9 from its $15 budget, how much money is left? Show the subtraction.

7.Tane has $20. He buys a lunch pack for $8 and a drink for $3. How much change should he receive?

Make a smart money plan

A budget helps people decide how to use money before spending it. Check totals so the plan stays on track.

8.The project wants to save for a $25 predator-monitoring tool. It has saved $18 so far. How much more does it need?

9.The team has $12. It buys a $4 item and a $5 item. True or false: the team has enough money left to buy the $3 cleaning brush. Explain with a calculation.

10.Why is it useful to make a budget before buying project supplies? Give one reason.