Financial Literacy PBL: Shop and Tell
Inquiry Framework
Question Framework
Driving Question
The overarching question that guides the entire project.How can we use math and communication skills to make smart financial choices and share our knowledge with others?Essential Questions
Supporting questions that break down major concepts.- How can we use math to manage our finances effectively?
- What is the best way to write a speech about finances?
- How does understanding money help us make better decisions?
Standards & Learning Goals
Learning Goals
By the end of this project, students will be able to:- Students will be able to apply addition to calculate the total cost of items.
- Students will be able to simulate purchasing items.
Entry Events
Events that will be used to introduce the project to studentsBirthday Party Budget Challenge
Students plan a birthday party within a set budget. They research costs for decorations, food, entertainment, and venue options, calculating the total expenses and making choices that stay within their limit. This event combines practical math skills with real-world decision-making.Portfolio Activities
Portfolio Activities
These activities progressively build towards your learning goals, with each submission contributing to the student's final portfolio.Cost Calculation Station
Students will practice adding the cost of various party items to understand basic addition in a financial context.Steps
Here is some basic scaffolding to help students complete the activity.Final Product
What students will submit as the final product of the activityA detailed list of party items with individual costs and the total calculated cost.Alignment
How this activity aligns with the learning objectives & standardsAddresses the learning goal: Students will be able to apply addition to calculate the total cost of items.Simulated Shopping Spree
Students will engage in a mock shopping experience to simulate purchasing items for the party.Steps
Here is some basic scaffolding to help students complete the activity.Final Product
What students will submit as the final product of the activityA record of simulated transactions, showing the purchase of each item and the final amount spent, including taxes or discounts.Alignment
How this activity aligns with the learning objectives & standardsAddresses the learning goal: Students will be able to simulate purchasing items.Rubric & Reflection
Portfolio Rubric
Grading criteria for assessing the overall project portfolioBirthday Party Budgeting Portfolio Rubric
Cost Calculation Accuracy
Focuses on the correctness of addition and subtraction in determining total costs and managing a budget.Accuracy of Item Costs
Evaluates how accurately students assign costs to individual items required for the birthday party.
Exemplary
4 PointsAll item costs are researched thoroughly and are highly accurate, reflecting real-world prices with minimal discrepancies.
Proficient
3 PointsMost item costs are accurate and realistic, with only minor discrepancies from real-world prices.
Developing
2 PointsSome item costs are inaccurate or unrealistic, showing a limited understanding of actual market prices.
Beginning
1 PointsItem costs are largely inaccurate or missing, indicating a poor grasp of real-world pricing.
Total Cost Calculation
Assesses the precision in calculating the total cost of all party items, including the application of addition.
Exemplary
4 PointsThe total cost is calculated perfectly, showing a flawless application of addition skills and attention to detail.
Proficient
3 PointsThe total cost is calculated accurately with only minor errors that do not significantly impact the final budget.
Developing
2 PointsThe total cost calculation contains several errors, affecting the overall budget accuracy.
Beginning
1 PointsThe total cost calculation is significantly flawed, indicating a lack of understanding of addition or budgeting principles.
Budget Management and Realism
Focuses on how effectively students manage a set budget and make realistic purchasing decisions.Adherence to Budget
Evaluates the student's ability to stay within the allocated budget while planning the party.
Exemplary
4 PointsThe party plan adheres perfectly to the budget, demonstrating excellent financial planning and resource management.
Proficient
3 PointsThe party plan mostly adheres to the budget, with only minor overages that are justified or addressed with adjustments.
Developing
2 PointsThe party plan exceeds the budget, but there is an attempt to reduce costs or find alternative solutions.
Beginning
1 PointsThe party plan significantly exceeds the budget, with little to no attempt to manage costs or make necessary adjustments.
Realism of Choices
Assesses how realistic the student's choices are in terms of party items and services, considering practical constraints.
Exemplary
4 PointsAll choices are highly realistic and appropriate for a birthday party, showing a strong understanding of event planning and resource allocation.
Proficient
3 PointsMost choices are realistic and appropriate, with only a few selections that may be slightly impractical.
Developing
2 PointsSome choices are unrealistic or impractical, indicating a need for a better understanding of event planning constraints.
Beginning
1 PointsMany choices are unrealistic or inappropriate, showing a significant disconnect from practical event planning considerations.
Presentation and Communication
Focuses on the clarity and organization of the student's work, as well as their ability to communicate their financial decisions effectively.Organization and Clarity
Evaluates how well the information is organized and presented, making it easy to understand the budget and spending choices.
Exemplary
4 PointsThe presentation is exceptionally clear, organized, and visually appealing, making it easy to understand the budget and spending choices at a glance.
Proficient
3 PointsThe presentation is clear and well-organized, allowing for easy understanding of the budget and spending choices.
Developing
2 PointsThe presentation is somewhat disorganized, making it challenging to fully understand the budget and spending choices.
Beginning
1 PointsThe presentation is disorganized and lacks clarity, making it difficult to understand the budget and spending choices.
Justification of Choices
Assesses the student's ability to explain and justify their spending choices, demonstrating an understanding of their financial decisions.
Exemplary
4 PointsAll spending choices are thoroughly justified with clear and logical explanations, demonstrating a deep understanding of financial planning principles.
Proficient
3 PointsMost spending choices are justified with reasonable explanations, showing a good understanding of the rationale behind the financial decisions.
Developing
2 PointsSome spending choices lack justification, making it difficult to understand the rationale behind the financial decisions.
Beginning
1 PointsFew or no spending choices are justified, indicating a lack of understanding of the financial planning process.