Students balance their spending budget to prioritise their needs while also making room for some wants and savings.

This worksheet blends financial mathematics with economics and business in HASS. Students take on the scenario of being a Year 5 teacher and choose different options for their needs and wants. Each option varies in cost and students must choose options that satisfy the 50/30/20 rule. 50% of their monthly income going towards needs, 30% towards wants and 20% to long-term savings.

Have students complete this task as a whole class or use it as a small group activity.

Print one page for each student.