# Tis the Season

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```							 ‘Tis the Season…for spending money! During the month of December every girl,
boy, woman, and man dip into their savings and wallets to spend money on gifts
for their loved ones. Though some of you may not have this responsibility yet, you
should be prepared for this and know what to expect.

YOUR TASK: You will be given a ‘fake’ amount of money (this will be random) and
you need to find items to buy for your family members and friends. Using flyers
and magazines from numerous local stores and businesses, you need to choose
gifts to buy with your ‘fake’ money. You will need to come up with a budget to
ensure you don’t overspend.

FOLLOW THESE STEPS (check them off once they are completed):

__1. Receive a random amount of money to spend (from teacher). Everyone’s amount will be different!!

__2. Decide who you will spend this money on (sorry…not yourself!). You must choose at least 3
people…maximum 10.

__3. Go through pamphlets and flyers to find items that you will buy. You need to spend AS CLOSE to the
budget as possible WITHOUT going over! Cut out any items you want to buy, record how much that item
is on the poster.

__4. Create a poster with sections for each person and the gifts you are buying them. Include a title.

__5. Make sure to include the price of each item below or above the picture

__6. Ensure your poster is organized and easy to read!

HAVE FUN! HAPPY HOLIDAY SHOPPING!
REQUIREMENTS:
-title

-neat, organized poster

-3-10 people to spend this money on (not yourself)

-have a picture for everything you are going to spend your money on

-include a price of every item on your poster

Outcomes:
1. Can the student demonstrate place value with decimal numbers?
1               2                     3                4
Not Yet         Approaching             Achieving        Excelling

2. Can the student add and subtract decimals?
1             2                    3                 4
Not Yet      Approaching            Achieving         Excelling

3. Can the student multiply and divide decimals?
1               2                   3                 4
Not Yet        Approaching           Achieving         Excelling

4. Can the student solve problems using decimal numbers?
1                2                   3                 4
Not Yet        Approaching           Achieving         Excelling
QUESTIONS (__/60):
1. Place value chart:

a. Fill in the place value chart given with the proper terms/units ___/10

b. Place all of your purchases in the place value chart ___/6

2. Budget

a. What was your budget (how much were you allowed to spend)? ___/1

b. How much did you actually spend? ____/5

c. Did you go over your budget or stay under? ___/1

3. Sales Tax:

a. If you were to total up the number of purchases for only one person, what would that total be
(choose one person you shopped for and add their purchases up)? __/5
b. Using that number above, figure out how much sales tax would be on that purchase (5%=0.05). ___/5

(Example: If I spent \$350 total on my sister, the total sales tax on that purchase would be 350.00 x 0.05,
which would be \$17.50)

c. How much is the actual purchase for that person now, including sales tax? (Example: Using the
amount in the previous question, it would be total money spent on purchases=\$350, plus sales
tax=\$17.50, therefore the total amount is \$367.50) ___/2

4. Budget with tax

a. Figure out how much you spent TOTAL including sales tax, including all of your purchases. ___/8

b. NOW, including sales tax, are you over your budget or under? ___/2
5. Hypothetically speaking…

a. Using your budget amount from question 2a, if you were able to shop in 7 days and you wanted to
spend an equal amount each day, how much could you spend per day? ____/5

b.Taking the amount your found in question 5a, if you wanted to spend an equal amount every hour you
shopped that day (10 hours), how much would you spend per hour? ____/5

c. How much would you spend per minute? ___5

```
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