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Mathematics / Year 5 / Number and Algebra / Money and financial mathematics

View on Australian Curriculum website Australian Curriculum, Assessment and Reporting Authority
Curriculum content descriptions

Create simple financial plans (ACMNA106)

Elaborations
  • creating a simple budget for a class fundraising event
  • identifying the GST component of invoices and receipts
General capabilities
  • Literacy Literacy
  • Numeracy Numeracy
  • Critical and creative thinking Critical and creative thinking
ScOT terms

Budgeting

Video

What is the GST?

The Goods and Services Tax (GST) is a tax placed on things people buy with money or things people do for money. Can you name some goods and services that have GST? What about some goods and services that don't have GST? Find out when and why the GST was first introduced.

Video

Super Cyril's circus supplies

Do you know how to draw up a budget? Find out how it's done. In our example our host is throwing a circus party and has $100 to spend. See how he plans to spend the money. Throw in a few discounts of 10% and 50% and look what he can afford. Does he mange to stick to his budget?

Interactive

TrackMySPEND - Google Play app

Track your personal expenses against your budget. Keep track of what you are spending your money on. Free when reviewed on 12/5/2015.

Online

Welcome to Victoria

In this learning sequence, students undertake research in order to create tour packs for families visiting Victoria. Students use public transport and tourism websites to develop itineraries outlining ways in which families can visit at least two places of interest using public transport. The packs include: information ...

Interactive

TrackMySPEND - iTunes app

Track your personal expenses against your budget. Keep track of what you are spending your money on. Free when reviewed on 12/5/2015.

Interactive

Fish market: explore trading

Buy and sell fish in trading markets in a range of Australian and New Zealand cities. Compare market prices, supply and demand. Explore a range of traders to find the best deals and open up new markets. Find a rare fish. Maximise your profit and reputation as a smart trader. This learning object is the first in a series ...

Video

Mobile phone costs

Have you ever been shocked at your mobile phone bill? If you're not careful mobile phones can end up costing you big bucks. Listen to Natasha Thiele explain the hidden costs of SMS alerts and downloading ringtones and games. This clip provides a context for simple rate calculations.

Video

What is opportunity cost?

What is the true cost of buying something? Gen Fricker explains that it's more than just money. Learn about opportunity cost - what it is, why it's a helpful tool and when to use it. Simple! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

Video

Why borrowing can cost you more

Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow, and why they may be more expensive in the long run. Oh dear! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

Interactive

Student Budget Planner - Google Play app

Create your own budget plan and monitor expenses. Record, save and edit the incomes and personal expenses. It contains a detailed checklist that covers a range of expenditure. Free when reviewed on 12/5/2015.

Interactive

Whole numbers level 5: four-digit numbers

This set of online activities focuses on the development and consolidation of number concepts to four digits and beyond. This is the fifth of seven levels in a series focusing on whole numbers to six digits. This level develops ideas about place value, rounding and number notation. Each level includes interactive drills ...

Interactive

Time tools: 24-hour to the minute: time challenge

Use this tool to match clock times to the time presented on a Master clock. This learning object is one in a series of twelve learning objects.

Interactive

Wishball: whole numbers

Test your understanding of decimal place value with whole numbers. Receive a starting number, such as 3786, and work towards turning it into a target number, such as 7664. Spin a random digit, choose its decimal place value and decide whether to add or subtract the random digit from your starting number. You can use a 'Wishball' ...