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Money Management Basics

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Money Management Basics

Help plan a pop-up shop at a history museum. Use New Zealand dollars (NZ$). Show calculations where asked and round prices to the nearest cent.

Plan the shop budget

The museum team has NZ$60.00 to buy supplies for the pop-up shop.

Item — Cost

Postcard pack — NZ$8.75

Reusable bottle — NZ$18.40

Notebook bundle — NZ$12.60

Display labels — NZ$6.25

1.The team buys one of each item on the price list. What is the total cost, and how much of the NZ$60.00 budget remains? Show your working.
2.At the museum counter, Isla pays NZ$20.00 for a notebook bundle costing NZ$12.60. How much change should she receive?
3.Mei has NZ$25.00 to spend. She wants a reusable bottle and a postcard pack. Does she have enough? Calculate the amount left over or the amount she is short by.

Choose and save wisely

Compare options, set a savings goal and explain your thinking.

4.Ruben can buy either a pack of 5 museum postcards for NZ$8.75 or 3 individual postcards for NZ$6.00. Which option has the lower cost per postcard, and what is that cost?
5.The shop sells 12 notebook bundles for NZ$17.50 each. The bundles cost NZ$12.60 each to buy. How much profit does the shop make altogether, before any other costs?
6.Isla wants to save NZ$45 for a museum membership. She has NZ$13 already and saves NZ$4 each week. How many full weeks will it take her to reach or pass her goal? How much will she have then?
7.A visitor has NZ$30 to spend on a bottle (NZ$18.40) and postcards (NZ$8.75). They also want to keep at least NZ$5. Can they buy both and meet that goal? Explain using a calculation.
8.The team has NZ$14 left after buying the listed supplies. They can spend NZ$9.50 on a sign, or save the money for next month. Give one sensible reason for choosing each option.
9.Create a two-week saving plan to reach NZ$20. You start with NZ$6. State how much you will save each week and show that your plan reaches the goal.

2 printable pages

  • Money Management Basics, page 1 of 2: Plan the shop budget

    Page 1

  • Money Management Basics, page 2 of 2: Choose and save wisely

    Page 2

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