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Consumer math is recognized to be one of the most interesting sections in math learning program for kids in the sense that it insists on teaching children how to build a clear view on money management and expenses calculation. To earn money is one thing, but to manage it is more complex and requires precise training and understanding. Given the struggle that people undergo to earn money, it is therefore extremely important to grasp the know-how which helps control the related expenses to limit money mismanagement or careless expenses. Free printable math worksheets on expenses calculation are presented on this consumer math worksheet page. This is where kids will learn how to calculate to rationality of the value of money.
The first rule to stay rational in spending money should be tightly connected to attributing the right value to what we are spending a certain amount of money on. For example, if John decides to purchase a brand-new TV set, the amount that john is willing to invest on this Tv will be closely dependent on the value allocated to the TV size, the model as well as the features offered by the TV set (that is depending if it’s a smart TV or not). In this sense, placing the right value of the product to be purchase will dictate the amount we’ll be willing to pay for that particular good.
Moreover, the amount of tax to be paid will also advise consumers on defining the worthiness of the product. In this regard it becomes extremely important to bear in mind the amount of tax related to each item. Worksheets on this page will also guide children on how to calculated the relevant tax amount to be paid. Sometimes, consumer will feel discouraged to purchase a good when estimating the total amount to be paid with all tax included. Bearing this in mind will boost the rationality of expenses decision making.
Simple Interest – Simple interest will not be as hard as the compound interest because they will be familiar with compound interest by now.
Wages 1 and 2 – This is the last part of this section of the worksheet and it will not be difficult to do for the kids. Their teacher will be of help if they need any.