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Simple Budget Planning

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Simple Budget Planning

Use the prices to practise making choices with a budget of $20. Prices are in Australian dollars.

Needs and wants

Some things help us stay healthy or do important jobs. Other things are fun extras.

1.A sandwich for lunch helps you have a meal. Is it a need or a want?
  • Need
  • Want
2.A toy robot is fun to play with, but you already have toys. Is it a need or a want?
  • Need
  • Want
3.You need a bag to carry your school things. Is a school bag a need or a want?
  • Need
  • Want
4.Lollies are a treat, not something you need for a meal. Are they a need or a want?
  • Need
  • Want

Plan a $20 budget

Chloe is going to a building-site family open day. Help her choose what to buy. Use the price list below.

Apple — $2

Pencils — $3

Stickers — $4

Sandwich — $5

Toy robot — $8

Book — $6

Drink bottle — $7

Lunchbox — $9

5.Which shopping basket costs exactly $20?
  • Apple ($2), stickers ($4), and book ($6)
  • Pencils ($3), sandwich ($5), and lunchbox ($9)
  • Sandwich ($5), drink bottle ($7), and toy robot ($8)
6.Add the prices of the apple ($2), stickers ($4), and book ($6). What is the total?
7.Chloe has $20 and spends $5 on a sandwich, $7 on a drink bottle, and $8 on a toy robot. How much money is left?
8.In Chloe's basket, the sandwich and drink bottle are needs for the day, and the toy robot is a want. Did she choose to put her needs before her want?
  • Yes
  • No

Think about your choices

Use the basket from the question above.

9.Why might Chloe choose the sandwich and drink bottle before the toy robot?
10.If something Chloe wants costs more than the money she has, what is one sensible thing she could do?
11.Draw one item from Chloe's basket and write its price.
Write its price beside your drawing.

3 printable pages

  • Simple Budget Planning, page 1 of 3: Needs and wants, Plan a $20 budget

    Page 1

  • Simple Budget Planning, page 2 of 3: Think about your choices

    Page 2

  • Simple Budget Planning, page 3 of 3: 10. If something Chloe wants costs more than the money she has, what is one

    Page 3

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