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Real-Life Financial Problem Solving!

Using Math to Make Smart Money Decisions
With your kind teacher Mrs. Brenda ❤️

Hi my amazing Grade 6 money problem solvers! 👋

Today we put everything we’ve learned together to solve real-life financial problems! We’ll use budgeting, discounts, sales tax, unit pricing, and more to make smart decisions with money.

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1. Steps for Solving Financial Problems

  1. Understand what the question is asking
  2. Identify the information given
  3. Choose the right math tools (tax, discount, budget...)
  4. Calculate carefully
  5. Check if the answer makes sense

2. Real-Life Financial Problems

Problem 1 – Birthday Party
You want to have a birthday party for 12 friends. Snacks cost $45, drinks cost $18, and decorations cost $22. You have $70 saved. Your parents will pay half of the total cost. Do you have enough money?
Total cost = $85
Parents pay $42.50
You need to pay $42.50
You have $70 → Yes, you have enough! ⭐
Problem 2 – Buying a New Bike
A bike costs $189. It is on sale for 25% off. HST is 13%. How much will you pay in total?
Discount = 25% of 189 = $47.25
Sale price = $141.75
HST = 13% of 141.75 ≈ $18.43
Total = $160.18 ⭐
Problem 3 – Best Buy
You need 2 litres of milk.
Option A: 1L for $2.49
Option B: 2L for $4.69
Which is the better buy?
Option A = $2.49 per litre
Option B = $2.345 per litre
Option B is better ⭐

3. Your Turn! 🎉

Practice 1

You earn $25 from chores. You spend $8 on a movie ticket and $6 on snacks. How much money do you have left to save?

$25 - $8 - $6 = $11 saved ⭐

Practice 2

A phone case is on sale for 40% off the original price of $35. How much will you pay before tax?

Discount = $14
Sale price = $21 ⭐

4. Real Canadian Situations 🇨🇦

You are a Real-Life Financial Problem Solver! 🌟

You did an outstanding job today! You can now use math to solve real money problems.

Keep practicing these skills — they will help you your whole life!

Love and very proud high-fives,
Mrs. Brenda ❤️

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