The following activity is a Guided Tour which is intended to answer this question. Its purpose is to guide the users through a series of activities that will familiarize them with integers, the rules and some real life applications. In doing so, the users begin their exploration of algebra by building a solid foundation in their understanding of integers and evaluating the significance of integers in their mathematical success.
You are a high school graduate who lives at home and works at McDonald's making $5.50/hr. You work 40 hrs. a week and bring home about $165/wk and $660/month after taxes. Your expenses are rent:$150, car payment:$125, car insurance: $75, clothes:$105, food:$70, cell phone:$50, going-out(movies, etc.):$100, misc.(gas,etc.):$55. Calculate your expenses and determine whether or not you make enough to afford your life style. If not discuss, some options or areas of cut back needed to live off of your salary. Explain where you would cut back, the new amount you would spend and why you chose these areas. Remember, determine the difference between necessity and want. Be realistic because you can't live with momma forever!
Check Book Project Click Here- An excellent way to make math meaningful and relevant to your students. It's realistic simulation of personal finance. The full project involves a 16-page packet for each student. This includes an explanation of each approximately 20 expenses and a discussion of income and deductions (taxes and insurance). There is a lot of detailed information in here and teachers should not underestimate the commitment involved in using the full project.