Budgeting Data Crunch

MATH: Unit Price

In this activity, students will be able to:

  • Calculate unit price for grocery and houssehold items.
  • Consider the advantages and disadvantages of buying bulk items with a lower unit price.


Source: NGPF

MATH: Graphing a Budget Equation

In this activity, students will be able to:

  • Graph a linear equation representing budget tradeoffs between different purchases.
  • Write linear equations in standard form based on word problems using possible real-world budgets.


Source: NGPF

MATH: Calculating Percentages

In this activity, students will be able to:

  • Calculate percentages using a variety of real-world budgeting scenarios.


Source: NGPF

MATH: Discounts and Composite Functions

In this activity, students will be able to:

  • Use composite functions to identify how to to get the best deal when shopping.
  • Solve for the cost of item after applying specific coupons and discounts.


Source: NGPF

MATH: Exponential Decay in Purchasing Power

In this activity, students will be able to:

  • Use the exponential change function to calculate the loss of purchasing power due to inflation over time.
  • Write exponential functions from word problems.


Source: NGPF

MATH: Depreciation of Car Value

In this activity, students will be able to:

  • Use exponential functions to model the depreciation of a car’s value over time.
  • Write exponential functions from word problems.


Source: NGPF

DATA CRUNCH: What Is the Relationship Between Household Income and Food Security?

In this activity, students will be able to:

  • Analyze stacked bar graphs
  • Compare the number of households experiencing food insecurity across different income levels


Source: Brookings

DATA CRUNCH: How Does Cost of Living Compare to the Average Income?

In this activity, students will be able to:

  • Analyze and interpret data regarding the increase in price of consumer goods compared to the increase of average wages


Source:

DATA CRUNCH: How Does the Minimum Wage Compare to the Living Wage?

In this activity, students will be able to:

  • Analyze and interpret data regarding the minimum and living wage of different states


Source:

DATA CRUNCH: What Can You Buy With the USDA Low-Cost Food Plan?

In this activity, students will be able to:

  • Analyze and interpret data regarding the USDA's lowest recommended food budget and compare it to other food plans


Source:

DATA CRUNCH: How Does Spending Differ Across Generations?

In this activity, students will be able to:

  • Analyze a stacked bar graph comparing daily spending by age.


Source: Bureau of Labor Statistics

DATA CRUNCH: How Have Prices For Consumer Goods Changed Over the Past 20 Years?

In this activity, students will be able to:

  • Analyze the changes in different goods and services over the last 20 years.
  • Compare the change in the price of different goods to overall inflation during the same time period.
  • Categorize which types of goods have increased and decreased in price and hypothesize reasons for those changes.


Source: BLS

DATA CRUNCH: How Much Income Do You Need to be Rich?

In this activity, students will be able to:

  • Analyze survey results on what income level people consider rich, poor, or neither.


Source: Gallup Poll

DATA CRUNCH: What Does The Average Household Spend Money On?

In this activity, students will be able to:

  • Analyze a pie chart of how the median household budget breaks down.


Source: Bureau of Labor Statistics