Daily Marketplace Skills Gr. 6-12 [1 ed.] 9781771675239, 9781771673532

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DAILY MARKETPLACE SKILLS Life Skills Series .................. Written by Sarah Joubert

GRADES 6 - 12 Reading Level 3

Classroom Complete Press P.O. Box 19729 San Diego, CA 92159 Tel: 1-800-663-3609 / Fax: 1-800-663-3608 Email: [email protected]

www.classroomcompletepress.com ISBN-13: 978-1-77167-353-2 © 2016

Permission to Reproduce Permission is granted to the individual teacher who purchases one copy of this book to reproduce the student activity material for use in his or her classroom only. Reproduction of these materials for colleagues, an entire school or school system, or for commercial sale is strictly prohibited. No part of this publication may be transmitted in any form or by any means, electronic, mechanical, recording or otherwise without the prior written permission of the publisher. We acknowledge the financial support of the Government of Canada through the Book Publishing Industry Development Program (BPIDP) for our publishing activities. Printed in Canada. All rights reserved.

©

Daily Marketplace Skills CC5790

Critical Thinking Skills ..................

Daily Marketplace Skills

Web Buying and Internet Fraud

Calculating Sales Tax

Forms of Payment

3 3 3 3

3 3

LEVEL 2 Understanding

• Demonstrate Understanding • Describe • Classify

3 3 3

3 3 3

3 3 3

3 3 3

3 3 3

3 3 3

LEVEL 3 Applying

• Application to Own Life • Organize and Classify Facts • Infer Outcomes • Utilize Alternative Research Tools

3 3 3 3

3 3 3 3

3 3 3

3 3 3 3

3 3 3 3

3 3 3 3

3 3 3 3

LEVEL 4 Analysing

• Distinguish Meanings • Make Inferences • Draw Conclusions • Identify Cause and Effect • Identify Supporting Evidence

3 3 3

3 3 3 3 3

3 3 3 3

3 3 3 3 3

3 3 3 3

3 3 3 3 3

LEVEL 5 Evaluating

• State and Defend an Opinion • Make Recommendations • Influence Community

3 3

3 3

3 3

• Compile Research Information • Design and Application • Create and Construct • Imagine Alternatives

3

3 3 3 3

3 3 3 3

3 3 3

3 3

3 3 3 3

3 3

3 3 3 3

3 3 3 3 3 3 3

3 3

3 3 3

3 3 3 3

3 3 3

3 3 3

Hands-on Activities

Menu and Grocery Shopping Math

3 3 3

Buying of Goods & Services

3 3 3

3 3 3 3 3

Skills for Critical Thinking

Value of Money and Budgeting

LEVEL 1 Remembering

• List Details/Facts • Recall Information • Match Vocabulary to Definitions • Define Vocabulary • Sequence

LEVEL 6 Creating

Reading

Based on Bloom’s Taxonomy ©

2

Daily Marketplace Skills CC5790

Contents

.................. TEACHER GUIDE • Assessment Rubric.................................................................................... • How Is Our Resource Organized? ............................................................. • Bloom’s Taxonomy for Reading Comprehension........................................ • Vocabulary................................................................................................

4 5 6 6

STUDENT HANDOUTS READING COMPREHENSION • Value of Money and Budgeting............................................................... • Buying of Goods and Services ................................................................ • Menu Math and Grocery Shopping Math ............................................... • Web Buying and Internet Fraud ............................................................ • Calculating Sales Tax ........................................................................... • Forms of Payment ............................................................................... • Hands-on Activities............................................................................ • Crossword.......................................................................................... • Word Search ...................................................................................... • Comprehension Quiz ......................................................................... EZ

7 13 19 25 31 37 43 47 48 49

EASY MARKING™ ANSWER KEY ............................................................ 51 MINI POSTERS ......................................................................................... 55

FREE!

4 6 BONUS Activity Pages! Additional worksheets for your students

NAME:

• Go to our website:

NAME:

NAME:

www.classroomcompletepress.com/bonus

Student Worksheet

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Activity Six

Student Worksheet

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Activity Five Student Worksheet

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History of Money

Open a Restaurant

Look at some other restaurants’ menus and what they charge for their meals. Try to find ones that have similar meals as you. Use this information to determine the prices of your meals. Your prices need to be reasonable and competitive to the other restaurants. Your prices also need to allow you to make a profit.

Create a business proposal that includes a description of your restaurant, a menu list, and a Forms of payment and money have been used for a long time. Although, not all forms of detailed list of your cost and potential profit. Design your menu. Look at other menus to get payment may be similar to what we use today. Do some researchan into theof history of design moneyyour own. Include this with your business proposal. idea how to and forms of payment. Try to go back as far as you can. How did early humans buy things? Present your proposal to the class. Hand out copies of your menu for your classmates Internet Fraud Research What did they use? What was the value of things? to look at. Explain how you chose your prices, and what your profit would be. Once everyone has presented their business proposals, vote on which one has the best idea for Present your findings in a timeline. Start with the earliest time in history that you could find Internet fraud is a problem in this day and age. Our lives are on the a restaurant. Then, vote on whose restaurant would be the most successful. Explain why you up to today. Between these 2 dates, list all the different kinds of money usedperson’s throughout the internet. Our identity is on the internet. Our money is on the internet. think that restaurant would succeed. years. For each date, make sure to include the following information: The internet isn’t always safe. Many people become victims of

Activity Four

NAME:

Student Worksheet

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Student Worksheet

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Activity One

« How did it start?

«

« What was is used for? «

Your first paragraph should introduce the topic and your thesis statement. A thesis statement is your opinion or belief. The second, third, and fourth paragraphs are your body. Here’s where you’ll go into detail and give evidence to support your thesis. The last paragraph is your conclusion. You should re-state

Look up examples of infographics online to get a clear idea.

your thesis statement and provide a conclusion sentence.

to be? Why was there a demand? What influenced their creation? Finally, do a comparison of different Drive-Through How was it earned? Menus. What do they have in common? What is different How has or does money change over time? between them? Design your infographic. Choose what you want to have on your infographic. Some example topics include:

Follow the steps below• toThe have a of Drive-Through Menus. history perfectly formated essay!

• The evolution of Drive-Through Menus.

Paragraph One - Introduction•

Report on Web Buying

research online. Make a list of things that you

Infographic on Drive-Through Menus can shop for online. Then, make a list of things

Create an infographic on Drive-Through Menus. An infographic is a chart that gives information in a creative and graphic way.

Understanding the Value of Money Start with a brief introduction into Drive-Through Menus. Give a description of what they are and why they exist. Then, make Explain your understanding of the value of money in a short essay. First, note research the use history of their and purpose. Make sure to do some research of money. into the history of Drive-Through Menus. How did they come

Then, create a short essay detailing what you find and how it relates to today.

Activity Three

Web buying is a completely different experience to shopping in a store. Do some

Activity Two NAME:

A brief comparison of Drive-Through Menus.

• The birth of the Drive-Through Menu. You must include the following:

Paragraph Two - Body/Evidence

• introduction • opinion/belief

Paragraph Three - Body/Evidence

• supporting evidence • conclusion

Paragraph Four - Body/Evidence Finally, display your infographic in the class. Have

you can’t or would not shop for online. Look at your lists. Compare your lists. • Is there anything on your “CAN” list that you think shouldn’t be? • Is there anything on your “CAN’T” list that you think shouldn’t be? • Why do you think things on your “CAN’T” list are not found online? • Why do you think things on your “CAN” list are found online?

!

internet fraud.

(Served from

MIDDLE ST.

2. Create an Infographic

Items that you can find online, but maybe shouldn’t. Introduction• Paragraph • Items that you can’t find online, but maybe should.

11:00am

to 3:00pm)

Club Sandwich

............................. Fresh turkey breast, bacon, fresh bread. cheese, tomato .......$9.99 and lettuce on

Chicken Caesar

Crisp romaine Salad ..........................$6 lettuce with homemade casear dressing.our fresh vegetable of the day .99 and

Cheeseburger

Fettucine

Alfredo ............................. Fettucine tossed in our homemade and butter. ....$12.99 sauce with parmesan cheese

Nachos .............................

Crispy nacho ..................$9.99 green onions chips covered with green and a blend of cheeses. and red peppers, tomatos,

1. Write an Essay Finally, compare your timeline with the rest of the class. What are some common forms of Write an essay about what you’ve learned. The first paragraph will give your opinion. payment that people included on their timeline? What are some different forms of payment The next 3 paragraphs will give examples to prove your opinion. The last paragraph that people had? What similarities did you find between the different forms? What did you will give your opinion again. notice about the value as it changed throughout time?

Soup .............................

Find out what .....................$3.99 different flavoursoups are cooking each day, every day Made fresh of the week with a

Open 11am

- 11pm 684-753-5486 daily

Side Dishes

French Fries Rice Baked Potato Grilled Side Salad Vegetables - Caesar or Garden

Share your conclusions with the class.

Make an infographic to show the information you’ve learned. An infographic uses pictures to show information. Explain how internet fraud happens at the top. Then, list how you are in danger. After, list what you can change to avoid it. At the bottom,

3. Create a Brochure

©

Make a brochure to show the information you’ve learned. It should be a warning • The top items that are found online and why you think they belong there. against internet fraud. Look at other brochures about dangers of things to get an idea. • The top items that are not found online and why you think these things are better to Explain what internet fraud is, how to spot it, and how to avoid it. The front page of your

INFOGRAPHIC TITLE shop for in a store.

GRILL

............................. 100% Angus lettuce, tomatoBeef Hamburger with ........$10.99 Monterey and pickles. Jack cheese. bacon,

• What it used to buy (if known). Then, pick one of the ways below to show what you’ve found: • What it looked like (a picture or description).

leave room for your final thoughts. After you compare both lists, explain your reasoning behind each item. Write a short report explaining your findings. Your report should include:

LUNCH MENU

• What the form of payment was.

SCAM ALERT Do some research into internet fraud. First, find out how it happens. • What it was worth (if known). Then, list how you are in danger of it. Finally, list what you can change • Where it was used.

to avoid it.

NOW

• Enter item CC5790 • Enter pass code CC5790D

Student Worksheet

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THEN

NAME:

6A

Daily Marketplace Skills CC5790

brochure should grab your reader’s attention. The inside should let your reader know about internet fraud. The back page should list where your reader could learn more ©

about fraud. • Items that you would normally think shouldn’t be found online, but are; andinternet why they

5A

Daily Marketplace Skills CC5790

should or shouldn’t. Present your report to the class. As a class, create a larger version of this © same list. Have a discussion touching on all the things mentioned above. See how your list created as a group differs from the list you created individually.

4A

Daily Marketplace Skills CC5790

Conclusion Paragraph

a class or group discussion on each infographic. © Which ones were easy to understand? Which ones were more difficult? As a final activity, Paragraph Five - Conclusion try to merge all the infographics together into one giant infographic. Share your essay with the class. Break off into smaller groups with others whose thesis statement 2A © Daily Marketplace Skills CC5790 matches your own. Then, as a class, debate your opinions with the other groups. Use your essay to support your arguments.

3A

Daily Marketplace Skills CC5790

As an alternative activity, break off into smaller groups with others who have a different thesis statement. Then, have your own debate within your smaller groups. ©

©

3

1A

Daily Marketplace Skills CC5790

Daily Marketplace Skills CC5790

Assessment Rubric ..................

Daily Marketplace Skills Student’s Name: _______________________________ Assignment:_______________________ Level:____________

Understanding Concepts

Responses to the text

Level 2

Level 3

Level 4

Demonstrates a limited understanding of the concepts. Requires teacher intervention.

Demonstrates a basic understanding of the concepts. Requires some intervention.

Demonstrates a good understanding of the concepts. Requires no intervention.

Demonstrates an excellent understanding of the concepts. Requires no intervention.

Expresses responses to the text with limited effectiveness; inconsistently supported by proof from the text.

Expresses responses to the text with some effectiveness; supported by some proof from the text.

Expresses satisfactory Expresses thorough responses to the responses to the text with some text with some effectiveness; supported effectiveness; by satisfactory proof thoroughly supported from the text. by proof from the text.

Analysis of Concepts

Interprets various Interprets various concepts from the text concepts from the text with limited, unrelated with some details but details and incorrect also some incorrect analysis. analysis.

Application of Concepts

Demonstrates a Demonstrates a limited ability to apply basic ability to apply various concepts from various concepts from the text to activities, the text to activities, discussions, and discussions, and situations. situations.

STRENGTHS:

©

Level 1

WEAKNESSES:

4

Interprets various concepts from the text with satisfactory details and good analysis.

Interprets various concepts from the text with excellent details and thorough analysis.

Demonstrates a Demonstrates a satisfactory ability to strong ability to apply apply various concepts various concepts from from the text to the text to activities, activities, discussions, discussions, and and situations. situations.

NEXT STEPS:

Daily Marketplace Skills CC5790

Before You Teach

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Teacher Guide

Our resource has been created for ease of use by both TEACHERS and STUDENTS alike. Introduction

T

reading passage and extend their learning. Students are asked to give thoughtful consideration of the reading passage through creative and evaluative short-answer questions, research, and extension activities.

his resource provides ready-to-use information and activities for remedial students in grades 6-12, special needs students, ESL students, and adults who are struggling with the daily skills we outline in this resource. The language and vocabulary used in this resource is designed for a grade 3 reading level. Readers will enjoy learning all the necessary life skills required for daily life. This resource centers on daily marketplace skills, focusing on the importance of money, how to spend it, and how to save it. Students will learn these skills through real-world scenarios. These scenarios are written with struggling learners in mind, allowing anyone to relate and thus fully comprehend the life skills being presented. Comprised of reading passages, scenarios, student activities, graphic organizers, and mini posters, our resource can be used effectively for whole-class, small group and independent study.

Hands-On Activities are included to further develop students’ thinking skills and understanding of the concepts. The Assessment Rubric (page 4) is a useful tool for evaluating students’ responses to many of the activities in our resource. The Comprehension Quiz (page 49) can be used for either a follow-up review or assessment at the completion of the unit.

PICTURE CUES This resource contains three main types of pages, each with a different purpose and use. A Picture Cue at the top of each page shows, at a glance, what the page is for.

How Is Our Resource Organized? STUDENT HANDOUTS Reading passages and activities (in the form of reproducible worksheets) make up the majority of our resource. The reading passages present important grade-appropriate information and concepts related to the topic. Embedded in each passage are one or more questions that ensure students understand what they have read.



Teacher Guide • Information and tools for the teacher



Student Handouts • Reproducible worksheets and activities

EZ

Easy Marking™ Answer Key • Answers for student activities

EASY MARKING™ ANSWER KEY Marking students’ worksheets is fast and easy with our Answer Key. Answers are listed in columns – just line up the column with its corresponding worksheet, as shown, and see how every question matches up with its answer! NAME:

For each reading passage there are BEFORE YOU READ activities and AFTER YOU READ activities.

©

1. Hannah buys an ice cream bar from a local vendor in the park. Which form of payment Total = $20.46 1. 1. Sales Tax (12%) = should she use? $1.25 + $0.50 + $2.46 a) Sales $3.95 = $5.70. The Total = $22.92 b) government total cost of the things he buys is $5.70. 10% of $5.70 Debit = $5.70 x 0.10 = $0.57. The sales tax for the things Doug buys is $0.57.

Cash

33

Credit

1. Cash

c) percentage

Cash

38

2. Credit

$20.71

Credit

2. a) TRUE

3.

Complete each sentence with a word from the list.

3.

3.

debit interest

deposit debt

credit transfer

b) FALSE

a) company

a) When you owe more money than you make is called being in __________. b) items

c) FALSE

b) You can borrow money on __________ for emergencies.

Daily Marketplace Skills CC5790

c) Every month, __________ is added to the d) money total that you owe.

d) TRUE

1. Paypal 2. Cash 3. Debit Reason: It's a company she trusts. It's not an emergency. The company may not accept PayPal, Google Pay, or Apple Pay. 39

b) 4 B

2. a) FALSE

3.

c)

interest

debit

e)

transfer

f)

deposit

$102.86 - $10.00 = $92.86 $92.86 + 8% = $92.86 x 0.08 = $7.43 $92.86 + $7.43 = $100.29 Yukio will have to pay $100.29. $92.86 left on her previous bill, plus $7.43 in interest.

b) TRUE

c) TRUE

d) FALSE

f) date and time

e) You can __________ money from one account to another.

5

debt

credit

e) method of

d) You can use a __________ card to take out money from the bank. payment

©

a)

b)

d)

c) sales tax

f)

1. a) 4 D

3.

= $19.18 2. Levi shops for jeans online. He uses a well-known and reliableSubtotal website. Which form of Sales Tax (8%) = d) increase $1.53 payment should he use? 2. e) budgeting Grand Total = $5.70 + $0.57 = $6.27. The total cost of the things Debit buys with Nathan the tax is $6.27.

1. Cash 2. Credit 3. Cash 4. Debit

EZ

• The BEFORE YOU READ activities prepare students for reading by setting a purpose for reading. They stimulate background knowledge and experience, and guide students to make connections between what they know and what they will learn. Important concepts and vocabulary from the chapters are also presented. • The AFTER YOU READ activities check students’ comprehension of the concepts presented in the

©

Every question matches up with its answer!

Before You Read

...................

Forms of Payment

31

35

34

37

41

40

You can __________ your paycheck into a bank account. 37

Daily Marketplace Skills CC5790

Daily Marketplace Skills CC5790

Before You Teach

..................

Bloom’s Taxonomy

Our resource is an effective tool for any SOCIAL STUDIES PROGRAM. Bloom’s Taxonomy* for LEVEL 6 Creating Reading Comprehension LEVEL 5

Evaluating

The activities in this resource engage and build the full range of thinking skills that are essential for students’ reading comprehension. Based on the six levels of thinking in Bloom’s Taxonomy, assignments are given that challenge students to not only recall what they have read, but move beyond this to understand the text through higher-order thinking. By using higher-order skills of applying, analyzing, evaluating and creating, students become active readers, drawing more meaning from the text, and applying and extending their learning in more sophisticated ways. Our resource, therefore, is an effective tool for any Social Studies program. Whether it is used in whole or in part, or adapted to meet individual student needs, this resource provides teachers with the important questions to ask, interesting content, which promote creative and meaningful learning.

LEVEL 4

Analysing

LEVEL 3

Applying

LEVEL 2

Understanding

LEVEL 1

Remembering

BLOOM’S TAXONOMY: 6 LEVELS OF THINKING *Bloom’s Taxonomy is a widely used tool by educators for classifying learning objectives, and is based on the work of Benjamin Bloom.

Vocabulary bank statements budget comparison shopping credit debit debt deposit duty entertainment expenses flyers ©

fraud impulse buying income informed shopper interest limit menu online quality receipt return policy 6

re-usable reviews sales tax shelter shipping substitutions tax transfer utilities value

Daily Marketplace Skills CC5790

NAME:

Before You Read

...................

Value of Money and Budgeting 1.  A student has an allowance of $20 a week. He wants to buy lunch at school for $3.50 every day. Does this student have enough money to buy lunch for the week?

2.  A woman gets a part time job that pays $11.50 an hour. She works about 22 hours a week. She gets paid every 2 weeks. How much money does she make per paycheck (before taxes)?

3. Finish each sentence with a word from the list. shelter budget

entertainment expenses

utilities income

a) Your _______________ are the things that you spend money on. b) Things that you want to do that costs money is _______________. c) Your _______________ is the money that you earn, like from a job. d) A plan you have of what you spend your money on is called a _______________. e) You usually have to pay for _______________ with your rent. f) The place where you live is called _______________. ©

7

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Value of Money and Budgeting Money is how we pay for things. It is also how we live. We need money to buy our food, shelter, and entertainment. These are things we need and want.

Wants

Needs

Money is used to pay for things you need and want. What you need are things you CAN’T live without. What you want are things you CAN live without.

Marketplace Tip Ways to save money on your expenses: coupons, sales, grocery stores

TV Internet Clothes Entertainment

Food Shelter Utilities Laundry

Money is important. But how you spend that money is just as important. You need a certain amount of money in order to buy the things you need. It is important to learn how to manage your money and budget for your expenses.

Matthew works part time at the grocery store for $10.75 an hour. He works 18 hours a week. Every paycheck he loses about 10% to income tax. He also pays $450 a month in rent. He pays about $200 a month in groceries. His phone, internet and cable bill is $175 a month. Create a budget for Matthew based on his needs and wants. Calculate Matthew’s Income:

Calculate Matthew’s Expenses:

$10.75 an hour x 18 hours = $193.50 a week

Rent = $450.00

$193.50 x 2 weeks = $387.00 per paycheck

Groceries = $200.00

$387.00 - 10% = $348.30

Phone, Internet and Cable = $175.00

$348.30 x 2 paychecks a month = $696.60 a month Monthly Income = $696.60

Monthly Expenses = $825.00

Subtract Matthew’s Expenses from his Income: $696.60 - $825.00 = -$128.40 Matthew’s expenses are more than his income. He will have to take away an expense. Starting with his wants, he will have to take away his phone, internet, or cable. ©

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Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Value of Money and Budgeting Your expenses are what you spend your money on. This should be budgeted on a monthly basis. A budget is a plan you have set where your money will go. To start your budget, it’s best to set aside your needs first. To do this, you have to add up the money you earn during a month. This is called your income.

Money you Have (Income) - Money you Spend (Expenses)

Smart Planning

Usually, you will be paid every 2 weeks, so your budget would be 2 paychecks per month. Now, subtract your monthly rent and how much you’ll spend in food for the month. What you have left you can spend on things you want.

Savings Tip

Budget Tip Have enough money to pay for your food and rent before your TV and internet.

Set aside some money each month in a savings account.

Ashley gets $9,000 a year from the government to pay for school. Her school costs $3,000 for the year. She is away from home for 8 months. She pays $400 a month for rent. Her phone bill averages $50 a month. She pays about $150 a month in groceries. Create a budget for Ashley. How much does she have left for activities for the 8 months? Calculate Ashley’s Income:

Calculate Ashley’s Expenses:

$

School = $

$

Rent = $

$

Phone = $

$

Groceries = $

Monthly Income = $

Monthly Expenses = $

Money left over for activities = $_______________ ©

9

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Value of Money and Budgeting   1.  Circle the word TRUE if the statement is TRUE or Circle the word FALSE if it is FALSE. a) It is more important to budget your money for things you want. TRUE FALSE

b) Things you need are food, shelter, and entertainment.

TRUE FALSE

c) There are ways to help you save money, like coupons and sales.

TRUE FALSE

d) It’s a good idea to use a savings account.

TRUE FALSE

2.  Put a check mark (3 ) next to the answer that is most correct. a) How many paychecks a month should you budget for in your income? 

A one



B four



C two



D three



b) What is something you CAN’T live without?



A television



B internet



C phone



D food

©

10

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Value of Money and Budgeting 3. Liam gets a full time job that pays $985.00 every 2 weeks. He pays $700.00 in rent every

month. His utilities are another $75.00 a month. He also puts $50.00 a paycheck into a



savings account. He makes about $10.00 in interest on his savings account every month.



He pays about $10.00 a month for an online streaming service. He pays $200.00 a month



for groceries.



Add up Liam's income and expenses. Is his budget a smart one?

Graphic Organizer 4. Use the graphic organizer on page 12 to make your own custom budget. In the first part, find your monthly income. Write down how much money you get during the month. Then, add this together and write down how much money you have for the month. In the second part, find your monthly expenses. Write down how much money you spend during the month. This will be things you need and things you want. Then, add this together and write down how much money you spend during the month. Finally, subtract your expenses from your income. Write how much money you have left. If you’re in the plus, you’re a smart budgeter. If you’re in the minus, you will need to re-plan your spending. ©

11

Daily Marketplace Skills CC5790

Graphic Organizer

NAME:

...................

Value of Money and Budgeting .................. Create Your Own Budget Monthly Income Paycheck

$

Gift

$

Allowance

$

Interest

$

Other

$

TOTAL INCOME

$

Monthly Expenses Rent

$

Utilities

$

Insurance

$

Food

$

Phone

$

Internet

$

Television

$

Transportation

$

Entertainment

$

Savings Account

$

Other

$

TOTAL EXPENSES

$

MONEY REMAINING

$

©

12

Daily Marketplace Skills CC5790

NAME:

Before You Read

...................

Buying of Goods and Services 1.  A mother buys Halloween costumes for next year. She buys them at full price one day before Halloween. All costumes go on sale for 50% off the day after Halloween. Was this a good idea?

2.  Lucy goes to the hardware store. She buys the cheapest electric drill without looking at it. Was this a good idea?

3.  A student looks at reviews online for a computer. He finds one with great reviews and a price within his budget. Was this a good idea?

4. Write each term beside its meaning.



informed shopper

comparison shopping

impulse buying

quality

a) What happens when you buy something not on your list. b) Someone who knows why they buy something. c)

When you look at the same thing from different places for the best deal.

d) How you would describe something as good or bad.

©

13

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Buying of Goods and Services Now that you know the value of money, you need to know how to spend it. An informed shopper knows how to spend money. An informed shopper is someone who makes good buying choices.

Marketplace Tip Look at flyers for sales and coupons. Flyers are found in newspapers or online. But how do you make good buying choices? You will need to ask yourself when and where to buy. A good time to buy is right after a season or holiday. Prices go down, so you can get things much cheaper and keep them for the next year.

Savings Tip Stock up on things that don’t go bad when you see them on sale. Things like toilet paper and canned goods.

Sofia cut out these coupons for toilet paper at 3 different stores. Which store has the best deal? Store A

Store B

Abby’s Ultra Soft

Buy two 12 packs for $10.00 each

Store C

Only $15.00

when buying a 16 pack.

Abby’s Ultra Soft

SAVE $3.00

when buying a 12 pack. Regular $12.00 Abby’s Ultra Soft

Store A:

Store B:

Store C:

(2 x 12) = ($10 + $10)

16 = $15

12 = ($12 - $3)

24 = $20

$15/16 = $0.93 per roll

12 = $9

$20/24 = $0.83 per roll

$9/12 = $0.75 per roll

The coupon from Store C has the smallest price per roll of toilet paper. Store C has the best deal. Sofia should use the coupon she has for Store C.

©

14

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Buying of Goods and Services An informed shopper knows to plan ahead. Make a list of the things you need to buy. Know how much money you can spend before you go out. Compare the prices of what you’re looking for at lots of places. This is called comparison shopping.

Savings Tip Plan your meals based on what’s on sale.

Avoid impulse buying. This is when you buy something without thinking it over. Don’t grocery shop on an empty stomach. You’ll buy food without thinking first. Look at the price and the quality. You have a good buy if the price is within your budget and the quality is worth the price. Just because the price is good doesn’t mean the quality is. Always look at the quality, then price.

g apples (12 for $6.00), chicken breastflyer ($8 for 2-pack), tomato ($0.50chicken per can)breast ($8 for 2-pack), tomato **insert showing apples (12soup for $6.00), Eli is comparing the prices of things in the following 2 flyers. Eli only wants to get the best deals. He knows he will have to visit both stores. Help Eli find the best deal for each item.

g apples (3 for $1.00; limit of 12), chicken (pack of 6 for $12), tomato (case of 6 for $5.00) **insert flyerbreast showing apples (3 for $1.00; limitsoup of 12), chicken breast (pack of 6 for EMPIRE MARKET Apples

Chicken Breast

Tomato Soup

12 for $6.00

Pack of 2 for $8.00

Only $0.50

Price per...

MAC’S GROCERS Apples

Chicken Breast

Tomato Soup

3 for $1.00

Pack of 6 for $12.00

Case of 6 for $5.00

Empire Market

Mac’s Grocers

Apples Chicken Breast Tomato Soup a) The best deal for apples is at __________________. b) The best deal for chicken breast is at __________________. c) The best deal for tomato soup is at __________________. ©

15

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Buying of Goods and Services   1.  Circle the word IMPULSE if the situation is an example of Impulse

Shopping. Circle the word SMART if it is an example of Smart Shopping.

a) Lily goes grocery shopping hungry. She buys more food than what is on her list. IMPULSE SMART b) James shops for clothes. He buys only what he needs. He stays under budget. IMPULSE SMART c) Maria buys something she’s been saving up for. It doesn’t change her budget. IMPULSE SMART d) Carter goes shopping and sees a good deal on a TV. He isn’t sure it will fit in his budget. IMPULSE SMART

2. Fill in each blank with the correct word from the reading. An informed shopper knows how to ___________ money. An informed shopper is a

someone who makes good ___________ choices. An informed shopper knows to b

___________ ahead. Make a list of the things you need to buy. Know how much money c

you can spend before you go out. ___________ the prices of what you’re looking for at d

lots of places. This is called ___________ shopping. e

©

16

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Buying of Goods and Services 3. Jasmine has a budget of $600 to paint her house. Below is a list of quotes for painting services. Based on the ratings and prices, which service should Jasmine go with?

One Coat Inc.

Hughes Painting

A&K Mr. Paintworks

The Painting Co.

Hughes Painting The Painting Co.

One Coat Inc.

Mr. Paintworks

A&K

$200

$1,000

$500

$600

$550

«

«««««

««««

««

«««

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Graphic Organizer 4. Use the graphic organizer on page 18 to help comparison shop. In the first column, list the things you will want to buy. In the second to fourth columns, write down the stores you will use to compare. For each thing on your list, write down the cost from each store. Use this graphic organizer to help plan your spending. Help stay under budget and get the most out of your money. To help you compare prices, spend time in each store. Write down what things cost at each store. Keep an eye out on sales, coupons and flyers for each store. Know how much things cost at each store and when things are on sale. Use this graphic organizer to help you comparison shop.

©

17

Daily Marketplace Skills CC5790

Graphic Organizer

NAME:

...................

Buying of Goods and Services .................. Comparison Shopping Item

©

Store 1:

Store 2:

18

Store 3:

Daily Marketplace Skills CC5790

NAME:

Before You Read

...................

Menu Math & Grocery Shopping Math 1.  Michael goes to the grocery store and buys more things than was on his list. When he gets to the checkout, he doesn’t have enough money to pay for everything. What should he do?

2.  Evelyn has $20.00 to spend for lunch at a local restaurant. She gets a soup and sandwich with a water for $12.00. She also leaves a 10% tip. Does Evelyn have enough money?

3. With a straight line, connect each word on the left with its meaning on the right.

©

1

limit

What something is worth.

A

2

flyers

To replace something with another.

B

3

value

The most something can be.

C

4

re-usable

Feedback and opinion on something.

D

5

reviews

Something that can be used more than once.

E

6

menu

A list of food at a restaurant.

F

7

substitutions

Something that tells you about specials or 17 sales.

G

19

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Menu Math & Grocery Shopping Math Food is one of your needs, so it’s important to budget smart for this. Plan ahead and know what your limit is. Make a list of what you need and budget how much you can spend on each thing. Be Aware: Prices will try to trick you. $4.99 is really $5.00, but will make you think it’s closer to $4.00 Compare your list with local grocery store flyers. Find out how much things will cost before you leave. When you get to the store, make a note of how much everything costs as you add it to your cart. Know how much your bill will be before you get to the cash.

Savings Tip

Marketplace Tip

Be prepared to make some hard last minute decisions at the cash. If you don’t have the money, you will have to take away some things.

Make sure you find a good grocery store that has good quality items for a good price. You may have to visit more than one store to get the best value for your money.

Some stores will charge you for their plastic grocery bags. Bring your own reusable bags.

Aria is comparing her grocery list to the local store flyer. Find out how much everything on her list will cost. Aria's Grocery List

EMPIRE MARKET

•

Featured Fresh Produce Canned Tomato Soup

$0.50

• Apples

3/ $1

• •

Chicken Breast 2-pack

©

$8.00

Carrots

9/ $3.00

• Lettuce

2 ⁄ $1.50 20

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Menu Math & Grocery Shopping Math Eating out can be expensive. It can also be a nice treat. To stay inside your budget, look for restaurants that have good food at good prices.

AVERY’s SteakHouse Bill #400

Table #24

1 Soda 1 Steak Dinner 1 Chocolate Cake

$2.00 $16.50 $4.00

Taxes: Total:

$2.25 $24.75

Tip: $4.50 Total: $29.25

Marketplace Tip Remember to add the tip to your budget. This is usually between 15-20% of the total price.

To budget for a dinner out, make sure you plan ahead. Look up reviews of local restaurants. Go to their website to look at their menu and compare prices. Make sure you set a limit of what you can spend. When you get to the restaurant, you’ll have to break down the menu. Are the prices listed? How are they listed? Are there extra costs for substitutions or adding extra sides? Make a note of what everything will cost before you place your order. Know how much your bill will be before you get it.

Logan ordered the following from the drive-through menu shown. Find out what Logan’s bill will be. Logan’s Order:

Combo 1

The Burger Place Combo 2 Combo 3 Combo 4

Burger, Fries and Drink

Cheeseburger, Hotdog, Fries Fries and Drink and Drink

Combo 5

Combo 1 $______________ Substitute Salad $______________ Combo 5 $______________ Ice Cream $______________

$5.95 Extras

Bill: $______________ ©

$6.50

Ice Cream $3.00 Apple Pie $2.50 Cookie $1.00

21

$5.50

Chicken Nuggets, Fries Salad and Drink and Drink

$4.95

$4.95

Substitutions

Change your side of fries to: Salad for $2.00 Soup for $2.50

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Menu Math & Grocery Shopping Math 1.  Put a check mark (3 ) next to the answer that is most correct. a) What do some grocery stores charge you extra for? 

A tax



B bags



C tip



D delivery



b) What’s a good thing to look at before you go out to a restaurant?



A menu



B décor



C reviews



D both A and C

2. Label the picture of a restaurant bill below. tip

order

total

tax

AVERY’s SteakHouse Bill #400

Table #24

1 Soda 1 Steak Dinner 1 Chocolate Cake

$2.00 $16.50 $4.00

Taxes: Total:

$2.25 $24.75

A

B

Tip: $4.50 Total: $29.25 ©

C D 22

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Menu Math & Grocery Shopping Math 3.

STARTERS MAINS

DESSERTS DRINKS

Ice Cream...................$2.00 Water.........................FREE Soup...........................$2.00 Spaghetti & Meatballs..................$7.00 Chocolate Brownie...$3.00 Juice..........................$1.00 Salads Garden.......................$2.00 Hamburger & Fries...........................$6.00 Bowl of Fruit...............$1.00 Soda...........................$2.00 Caesar........................$2.50 *substitute Sweet Potato Milk............................$2.50 Fries for an extra $1.00 Club Sandwich & Coleslaw....................$6.00



Caleb orders a soup, club sandwich and coleslaw, bowl of fruit, and milk for lunch. He also gives an 18% tip. How much does Caleb spend on lunch in total?





Graphic Organizer

4. Use the graphic organizer on page 24 to calculate your grocery shopping list.

In the first column, write down each thing you are buying. In the second column, write down how much of each thing you are buying. In the last column, write down how much each thing costs.



In the bottom part, add up all the prices. Then, find out how much sales tax you will have to pay. Go to the chapter Calculating Sales Tax to learn about calculating sales tax. Once you have your total cost and your tax, add it all up together to find the final total.

©

23

Daily Marketplace Skills CC5790

Graphic Organizer

NAME:

...................

Menu Math & Grocery Shopping Math ..................

Grocery Shopping Calculator Item

Amount

Price

Total Before Tax: $ Tax (___%): $ Total After Tax: $ ©

24

Daily Marketplace Skills CC5790

NAME:

Before You Read

...................

Web Buying and Internet Fraud 1.  Addison is shopping online. She finds a store selling shoes from outside the country for 75% off. There is no contact information, and it only accepts credit cards. Should Addison shop on this website? Why or why not?

2. Oliver gets an email from a website he uses. The message asks him to follow the link and

login. What should Oliver do?

3. Use the words in the box to answer each question. You may use a dictionary to help you. duty

tax

return policy

fraud

bank statements

a) What is it when someone pretends to be someone they’re not? b) What is the money called that governments take? c)

What do you get from your bank that shows your spending?

d) What is the information that tells you how to send things back? e) ©

What is the cost that is put on things coming into the country? 25

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Web Buying and Internet Fraud There are lots of good things about shopping online. No lines, no pushy salespeople, and cheaper prices. But there are also hidden costs. The biggest hidden cost is the shipping. You will have to pay to have something brought to you. Another cost is added if something is coming from outside of the country. This is called duty.

Marketplace Tip You will be asked to give your information. Make sure the website is safe before you do so.

Savings Tip Look for free shipping offers to save some cash.

Duty is a tax on things coming from outside your country. This can be paid at checkout. You might also have to pay it when it comes. When you buy things online, it makes it harder to return things. Look for the return policy on the website. Read through to make sure you can return things at no extra cost.

Scarlett is shopping online for clothes. The store is having a 30% off sale. It also has free shipping if you spend over $50. A breakdown of Scarlett’s cart is shown. Fill out the cart with the total price before and after the discount.

Your Shopping Cart Quantity

Item

Price

1

Jeans

$30.00

1

Red T-Shirt

$15.00

1

Blue T-Shirt

$15.00

1

Sweater

$25.00

a) What is Scarlett’s total cost after the discount? __________$ b) Does she qualify for free shipping? Yes / No



Total

$__________

*-30%

($__________ )

Total

$__________ *(total cost) x 0.30

©

26

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Web Buying and Internet Fraud There are lots of good things about being online. There are also lots of bad things. When you’re online, it’s easy to give away your information. This information can be stolen. This is called internet fraud. Internet fraud is when someone steals your information. Then they use this as their own. Who’s at risk? People who shop online. People who use email and social media. People who use internet banking. If you put your information out there, someone can steal it.

How to avoid internet fraud:

1. Check your bank statements.

Marketplace Tip

2. Don’t open emails from senders you don’t recognize. 3. Don’t use file sharing. 4. Destroy information before throwing it out. 5. Never give out your bank or credit card pin code. 6. Use safe sites.

What can you do when you’re a victim of internet fraud? Tell your bank or credit card company. Cancel your cards.

7. Choose a password that uses numbers and upper and lowercase letters. Four situations are given. Which ones show internet fraud? Which ones are safe? 1. Elijah gets an email from his bank. The email asks him to send his personal information. The email also asks him to send his bank card pin code. INTERNET FRAUD

SAFE

2. Sarah looks at her credit card bill. She sees that a payment was made to a charity she doesn’t recognize. INTERNET FRAUD

SAFE

3. Jack is shopping on a well-known company’s website. He pays using PayPal. INTERNET FRAUD

SAFE

4. Emma gets an email from someone she doesn’t recognize. The email tells her she’s won a free trip. It also says to press the link to claim her prize. INTERNET FRAUD ©

SAFE 27

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Web Buying and Internet Fraud 1.  Put a check mark (3 ) next to the answer that is most correct. a) Who’s NOT at risk of internet fraud? 

A

People who shop online.



B

People who use internet banking.



C

People who use social media.



D

People who shop with cash.



b) What’s one way of avoiding internet fraud?



A Don’t use file sharing.



B



C Check your statements.



D All of the above.



Use safe sites.

c) What’s one hidden cost of web buying?



A Shipping.



B



C Promotions.



D All of the above.

Plastic bags.

2. What should you do when you think you’re a victim of internet fraud? Put the steps below in order of 1, 2, 3. a) Protect yourself. b) Close or cancel your accounts. c) Contact the authorities.

©

28

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Web Buying and Internet Fraud 3. Everett is shopping online for books. The website is having a 75% off sale and free shipping. Everett’s shopping cart is shown. What is the total price before and after the discount?

Your Items

Cart Summary

Continue Shopping

Number of items: 4

Fiction Paperback Novel Quantity: 1

Order Total: _____________ Discount: 75% off

$9.99



Shipping Cost: FREE Non-Fiction Hardcover Novel Quantity: 1

Textbook Quantity: 1

First Name

$12.99

Last Name Email Address

Spiral-bound recipe book Quantity: 1

$24.99





Total: __________



$17.99

Proceed to Checkout

Everett is given the choice to pay by credit, debit, or PayPal. Which should Everett choose?

Graphic Organizer

4. Compare the pros and cons for shopping online. Use the graphic organizer on page 30.

There are 3 areas to look at: convenience, security, and cost. Compare shopping online vs. shopping in a store.

List the pros and cons for the ease of shopping online in the first part. In the second part, list the pros and cons for the cost. In the last part, list the pros and cons for the security. Get into groups and discuss your lists. For every con, come up with ways to turn it into a pro. ©

29

Daily Marketplace Skills CC5790

Graphic Organizer

NAME:

...................

Web Buying and Internet Fraud ..................

Online Shopping Pro and Con Chart

PROS

CONS

Convenience

Cost

$

$

Security

©

30

Daily Marketplace Skills CC5790

NAME:

Before You Read

...................

Calculating Sales Tax 1.  Nathan buys the following things: a bottle of water for $1.25, a stick of gum for $0.50, and a puzzle book for $3.95. The sales tax is 10%. What is the sales tax for the things he buys?

2.  Now you know the sales tax of the things Nathan buys. What is the total cost of everything he buys with the tax?

3. Label the picture of a receipt below. items company

date and time method of payment

J-Green Grocery Bananas Frozen Chicken Breast Ice Cream

$5.00 $12.00 $4.00

Total Sales Tax Total

$21.00 $1.68 $22.68

A B

C D

Transaction Record Debit # ************2245 Interac Date DD/MM/YYYY Time 17:05:38 Auth # 22258 Ref #0222201 Approved

©

sales tax total

E F

31

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Calculating Sales Tax The prices you see when shopping are not always what you’ll pay. That’s because your state or province will add a sales tax. Sales tax is a tax paid to the government for the sale of things. This tax is a percentage of the total cost of the things you are buying.

Marketplace Tip Knowing where you spend your money will help you manage your budget.

Be Aware: The sales tax will be different for every state and province. The sales tax is an increase to the cost. When budgeting what you can spend on things, remember to add in the sales tax.

So now you have to calculate the sales tax. How would you do this? First you need to know what percentage the sales tax is in your state or province. Let’s say the sales tax is 10%. Apples: $4.99 Bread: $3.99 Meat: $5.99 Total = $14.97

Now you have the total cost of the things you want to buy. You need to find the total cost with the tax. $14.97 + 10% = $14.97 x 0.10 = $1.497 in tax Round to the nearest hundredth = $1.50 $1.50 + $14.97 = $16.47 The total cost with the sales tax will be $16.47

©

32

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Calculating Sales Tax A sales receipt breaks down the total cost. It also gives you a record of your spending. It's a good idea to keep these receipts to help you keep track of your budget.

J-Green Grocery Bananas Frozen Chicken Breast Ice Cream

$5.00 $12.00 $4.00

Total Sales Tax Total

$21.00 $1.68 $22.68

Transaction Record Debit # ************2245 Interac Date MM/DD/YYYY Time 17:05:38 Auth # 22258 Ref #0222201 Approved

Company Information

Items

Sales Tax Total

Savings Tip Knowing where you spend your money will help you manage your budget.

Method of Payment Date and Time

Javier went shopping at the local grocery store. A list of things he bought is shown in the receipt. Finish the receipt with the total cost and sales tax.

J-Green Grocery

©

Apples Bread Ice Cream Lettuce Cereal Tomato Soup

$4.99 $3.99 $5.99 $0.75 $2.99 $1.75

Total Sales Tax (12%) Total

$_______ $_______ $_______

Transaction Record Debit # ************1258 Interac Date MM/DD/YYYY Time 17:05:38 Auth # 22258 Ref #0222201 Approved 33

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Calculating Sales Tax 1. Fill in each blank with the correct word from the reading. ___________ tax is a paid tax to the ___________ for the sale of things. This tax is a a

b

___________ of the total cost of the things you are buying. The sales tax is an ___________ c

d

to the cost. When ___________ what you can spend on things, remember to add in e

the sales tax.

  2.  Circle the word TRUE if the statement is TRUE or Circle the word FALSE if it is FALSE. a) A sales receipt is a record of your spending. TRUE FALSE



b) It’s a good idea to throw away your sales receipts as soon as possible.

TRUE FALSE



c) The sales tax is the same for all states and provinces.

TRUE FALSE



d) The prices you see when shopping are not always what you’ll pay.

TRUE FALSE

©

34

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Calculating Sales Tax 3. Brooklyn went shopping at the local grocery store. A list of things she bought is shown in the receipt. Finish the receipt with the total cost and sales tax.

J-Green Grocery Chicken Fillets Bread Crumbs Buns Lettuce Mustard

$11.99 $2.29 $2.99 $0.75 $1.16

Total

$_______

Sales Tax (8%)

$_______

Total

$_______

Transaction Record Debit # ************9988 Interac Date MM/DD/YYYY Time 17:05:38 Auth # 22258 Ref #0222201 Approved

THANK YOU Graphic Organizer 4. Use the graphic organizer on page 36 to help you figure out the sales tax.

Follow each step in the graphic organizer to figure out the tax and the total cost.



First, find out the cost of the thing or things you are buying. Then, find out what the tax percentage is.



From there,change the percentage into a decimal. Then, multiply the decimal by the cost of the things. This is your sales tax.



Finally, add this sales tax to the cost of the things. This is your total cost.

©

35

Daily Marketplace Skills CC5790

Graphic Organizer

NAME:

...................

Calculating Sales Tax ..................

Steps to Calculating Sales Tax Steps

Description

1 2 3 4 5

How much does the thing(s) cost? (ex: $5.99)

........

.........

What is the tax percentage? (ex: 12%)

........

.........

Change the tax percentage to a decimal number.

........

.........

........

.........

©

Calculation

(ex: 0.12)

Multiply the total cost by the decimal number. (ex: $5.99 x 0.12 = $0.72) Add the tax from Step 4 to the total cost from Step 1. (ex: $0.72 + $5.99 = $6.71) 36

........ ........ Daily Marketplace Skills CC5790

NAME:

Before You Read

...................

Forms of Payment 1.  Hannah buys an ice cream bar from a local vendor in the park. Which form of payment should she use?

Cash

Debit

Credit

2.  Levi shops for jeans online. He uses a well-known and reliable website. Which form of payment should he use?

Cash

Debit

Credit

3. Complete each sentence with a word from the list. debit interest

deposit debt

credit transfer

a) When you owe more money than you make is called being in __________. b) You can borrow money on __________ for emergencies. c) Every month, __________ is added to the money that you owe. d) You can use a __________ card to take out money from the bank. e) You can __________ money from one account to another. f) You can __________ your paycheck into a bank account.

©

37

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Forms of Payment Cash is just one form of payment. There are lots of different ones you can use. A debit card is a card that you use to get the money in your bank account. You will need a bank account to put the money you get from work. Checking Account money can be added or taken out

Savings Account put money away to earn more

The next form of payment is a credit card. A credit card is a card that you use to put things you buy on credit. At the end of the month, you will have to pay off this credit.

Marketplace Tip Pay off your credit card bill in full so you don't have to pay interest. Interest is when more money is added to what you owe. That means the amount of money you owe gets bigger. A credit card is good to have in an emergency. This can be when you don’t have the money right away. Be careful, it’s easy to fall into debt. Debt is when you owe money.

Four situations are given below. Say which forms of payment is the best to use in each. 1. You buy a pack of gum for $1.00 at the local dollar store. Cash

Debit

Credit

2. You need to buy gas for your car, but don't get paid for 2 days. Cash

Debit

Credit

3. You buy a box of cookies from the Girl Scouts. Cash

Debit

Credit

4. You just got paid and need to buy groceries for the week. Cash ©

Debit 38

Credit

Daily Marketplace Skills CC5790

NAME:

ReadinG PassaGe

...................

Forms of Payment Cash, debit and credit are three kinds of payment. There are lots of ways to use these. PayPal is one that is mostly used online. PayPal lets you use your debit and credit easily and safely online.

PayPal

Benefit

PayPal

Use PayPal to shop online safely.

Downfall

There are some fees when using PayPal.

Google Wallet and Apple Pay is used by Android and iPhone users. They can pay for things with their phones. Google Wallet and Apple Pay Benefit:

Google Wallet and Apple Pay Downfall:

No more need to bring your wallet with you.

Not all banks and stores support this form of payment.

1. Ella is shopping online for a pair of shoes. The website gives 3 payment options: Debit,

Credit, or PayPal. She's not sure about the security of the website. Which form of



payment should Ella use? Debit

Credit

PayPal

2. When Ella's shoes arrive, she is charged a duty fee of $14.00. The delivery company is

not one that she recognizes. Which form of payment should Ella use? Cash

Debit

Credit

3. Ella tries on the shoes and finds they don't fit. She contacts the company about

returning them. Ella is told to hire a company of her choice to return the shoes.



She picks a company that she trusts. The delivery company charges her another



$14.00. Which form of payment should Ella use and why? Debit

Credit

PayPal

Google Pay

Apple Pay

Reason: ©

39

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Forms of Payment 1.  Put a check mark (3 ) next to the answer that is most correct. a) Which form of payment would you use in an emergency? 

A



B cash



C PayPal



D



debit card

credit card

b) What is a downfall to using PayPal?



A It's not safe.



B



C It collects interest.



D It's not supported.



There are fees.



  2.  Circle the word TRUE if the statement is TRUE or Circle the word FALSE if it is FALSE.

a) A checking account lets you put away money to earn more.

TRUE FALSE

b) Interest is added to your credit card bill if you don't pay it off in full.

TRUE FALSE

c) Google Wallet and Apple Pay let you pay for things with your phone.

TRUE FALSE

d) PayPal connects only to a credit card.

TRUE FALSE

©

40

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Forms of Payment 3.

Yukio goes grocery shopping for the month. Her total comes to $102.86. She doesn't get paid for another week, so she uses her credit card. At the end of the month, Yukio doesn't have enough money to pay off her credit card bill of $102.86. Instead, she pays the minimum of $10.00. Her interest is 8%. How much will Yukio have to pay on her credit card bill after interest?

Graphic Organizer 4. U  se the graphic organizer on page 42 to help you find what form of payment you should use. First, describe your scenario at the top. Then, follow the web to find the right form of payment you should use. For each form, there's room for you to list the benefits and downfalls. This can help narrow down your options. Remember, this is just a guide to help you choose the best form of payment. Use your best judgment to make the final decision.

©

41

Daily Marketplace Skills CC5790

Graphic Organizer

NAME:

................... .

Forms of Payment .................. Forms of Payment Map

Scenario:

Are you shopping in a store? Use cash when available.

Are you shopping online?

YES

YES

NO

Is it a well-known chain store?

YES

Does it accept debit/ interac?

YES

Do you have the money?

Does it accept Google/ Apple Pay?

NO

Is it a safe and secure site? YES NO

NO

YES

YES

Use your debit card.

Does it accept PayPal?

NO

YES Use caution,or don’t shop here.

Use your credit card. Cash

©

Debit

Credit

42

PayPal

Google Pay/Apple Pay

Daily Marketplace Skills CC5790

Hands-On ActivitY #1

...................

Compare your Needs and Wants with Others Get into groups of 3-4 people. Using the chart below, have each member of your group make a list of their own needs and wants. For each need you list, give an explanation of why you consider this a need. For each want you list, give an explanation of why you consider this a want. Get together in your group. Compare your list with each member. Answer the following questions: • • • •

 hat needs and wants do you have in common? W What needs and wants are different? Are there any wants you have that are on other members' needs list? Are there any needs you have that are on other members' wants list?

NEEDS

©

WANTS

43

Daily Marketplace Skills CC5790

Hands-On ActivitY # 2

...................

Comparison of Quality and Price Make a list of 10 things you can buy from 3 different stores. Pick the 3 stores to visit. Using the chart below, write down the 10 things and the 3 stores. For each of the 10 things, look at the quality and price at each of the 3 stores. Give a rating of 1-5 for each thing based on quality and price using the following system: 1 – Very poor quality 2 – Poor quality 3 – Okay quality 4 – Good quality 5 – Very good quality

1 – Very high price 2 – High price 3 – Reasonable price 4 – Low price 5 – Very low price

Finally, choose one of the stores that has the overall best quality and price. Explain how and why you made your choice to the class. Remember, just because the price is low, doesn't mean the quality is good. It's important to find a good balance. Things

Store 1: _____________________ Quality

©

Store 2: _____________________

Price

Quality

44

Price

Store 3: _____________________ Quality

Price

Daily Marketplace Skills CC5790

Hands-On ActivitY # 3

...................

Create a 5-Day Meal Plan Get into small groups of 4-5 people. Go through your local newspapers or go online. Find local grocery store flyers and coupons. Cut out or print off all the coupons and deals. Working as a group, make a 5-day meal plan. You have a budget of $50 to use. Plan a complete 5-day, 3-meal-a-day plan. Use the flyers and coupons you found to help you. You must stay below budget. Show your plan to the rest of the class. Then, listen to the other groups' plans. Once every group has shown their plan, discuss them all as a class. • • • • •

 ho came the most under budget? W Who came the closest to budget? Who's plan uses the most number of food items? Who's plan uses the fewest number of food items? Does anyone's plan use 1 food item for more than 1 meal?

Finally, can anyone's plan be improved? As a class, go through each groups' plan. Brainstorm ways that their plan can be made better. As an alternative, get into small groups of 4-5 people. By yourselves, make a 5-day meal plan using the same flyers and coupons. Then, show your plan to the group. Do the same discussion as above in your small groups. Then, pick one plan from your group, or use the improved plan your group has come up with. Show this plan to the rest of your class.

Monday

Tuesday

Wednesday

Thursday

Friday

Breakfast Lunch Dinner

©

45

Daily Marketplace Skills CC5790

Hands-On ActivitY # 4

...................

Comparing Web Buying with On-Site Buying Visit a well-known box store that has an online store as well. This can be a clothing store like American Eagle, a department store like Walmart, an electronic store like Best Buy, or a hardware store like Lowe's. Make a list of things you want to compare. Visit the store and the website. Compare your experience shopping for these items at the store and online. Then, answer the following questions: • • • • • • •

Was the price of each item the same online as it is in the store? Does the store and online have the same sales or promotions? Was it easier to find the item you were looking for online? Was there any shipping or duty cost online? Was there any customer service at the store? What did you like about shopping online and in the store? What didn't you like about shopping online and in the store?

Finally, write a short essay answering the questions above. In your conclusion, tell which store version you liked best and would use again. Explain why you made your choice. Then, present your essay to the class.

©

46

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Crossword Puzzle! 1

Across 2. A _______ card is good to use in an emergency. 3. What you spend your money on. 4. When you buy something without thinking. 6. When someone steals your information and uses it. 10. You can see what's on sale at grocery stores 6 with these. 11. Things like water, heat, electricity. 13. Being smart about what you buy. 14. The money you make from working.

2

3

4 7

5

8

9

10

11

Down 1. What something is worth. 2. When you compare things before buying. 5. __________ is paid to the government for the sale of things. 7. A _______ card lets you take money out of your bank account. 8. When you owe money to someone or something. 9. A tax on something coming from another country. 12. How much money you have to spend.

©

12

13

14

duty debt value debit credit 47

Word List flyers utilities fraud income impulse sales tax budget informed expenses comparison shopping

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Word Search Find all of the words in the Word Search. Words are written horizontally, vertically, diagonally, and some are even written backwards. tax limit duty debt flyers debit

©

fraud value credit menu online quality

deposit income budget interest receipt reviews

shelter utilities transfer shipping sales tax expenses

return policy substitutions entertainment bank statements

D

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48

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Comprehension Quiz

21



Part A

Circle TRUE if the statement is TRUE or FALSE if it is FALSE. 1.  You can't budget for a night out at a restaurant. TRUE FALSE 2. A sales receipt shows what method of payment was used. TRUE FALSE 3. Some hidden costs are shipping and duty. TRUE FALSE 4. Our needs include food, shelter, and clothes. TRUE FALSE 5. A savings account uses a debit card to add and take money. TRUE FALSE

6

6. Comparison shop to find the best deal. TRUE FALSE

Part B 2.  Put a check mark (3 ) next to the answer that is most correct. a) Andrew doesn't have enough money at the cash. What thing should he put back? 

A

toilet paper



B

plastic cups



C bread



D milk



b) What form of payment can you NOT use online?



A Google Pay



B PayPal



C cash



D credit

©

2

SUBTOTAL: 49

/8

Daily Marketplace Skills CC5790

NAME:

After You Read

...................

Comprehension Quiz Part C Answer each question in complete sentences. 1.  Hank wants to buy a new car. Unfortunately, he also needs to replace his furnace. The good news is it's May and he has time to make a decision. Based on this information, what should Hank do?

3

2.  Diana goes shopping for clothes. She buys a pair of jeans for $29.95, a sweater for $19.95, and a pair of shoes for $21.95. The sales tax is 13%. What is the cost before tax? What is the sales tax? What is the total cost?

3

3.  Juliette gets paid $1,075 every 2 weeks. She averages 2 paychecks a month. Her rent for the month is $700. She budgets $400 a month for groceries. Her utilities are $250. How much money does Juliette have left to budget for her wants?

2

4.  Manuel uses his credit card to shop online. On his last bill, he notices some activity that wasn't him. What is the first thing Manuel should do? What are 4 ways for Manuel to avoid internet fraud?

5

SUBTOTAL: ©

50

/13

Daily Marketplace Skills CC5790

©

11

7

f) shelter

e) utilities

Expenses = [$700.00 rent] + [$75.00 utilities] + [$50.00 x 2 = $100.00 savings] + [$10.00 online] + [$200.00 groceries] = $1,085

Income = [$985.00 x 2 = $1,970 a month] + [$10.00 interest] = $1,980

Yes, Liam's budget is smart. His income is $1,980 and his expenses are $1,085.00. He has $895.00 left a month.

3.

9

Money left over for activities = $150

Ashley's Expenses: School = $3,000 / 8 months = $375; Rent = $400; Phone = $50; Groceries = $150; Monthly Expenses = $975

Monthly Income = $1,125

Ashley's Income: $9,000 / 8 months = $1,125

d) budget

c) income

b) entertainment

a) expenses

3.

$11.50 x 22 hours = $253 x 2 weeks = $506; The woman makes $506 every paycheck.

2.

$3.50 x 5 days a week = $17.50; $20.00 - $17.50 = $2.50; Yes the student has enough money, and has $2.50 left.

1.

FALSE

TRUE

10

b) 4

D

a) 4 C

2.

d) TRUE 

c)

b) FALSE

a)

1.

13

d) quality

c) comparison shopping

b) informed shopper

a)  impulse buying

4.

Yes. Even though it may not be the smallest price, it's under budget and a good computer.

3.

No. Although she saved money, she has no idea if the drill she bought is a good one and will last.

2.

No. If she waited until after Halloween, she could have bought the same costumes for much less.

1.

17

Jasmine should go with A&K Painting. It's within her budget and has a high rating.

3.

15

a) Mac's Grocers b) Mac's Grocers c) Empire Market

Price per Tomato Soup: Empire Market = $0.50; Mac's Grocers = $0.83

Price per Chicken Breast: Empire Market = $4.00; Mac's Grocers = $2.00

Price per Apples: Empire Market = $0.50; Mac's Grocers = $0.33

IMPULSE

SMART

spend

plan

16

e) comparison 

d) compare

c)

b) buying

a)

2.

d) IMPULSE 

c)

b) SMART

a)

1.

EZ

Daily Marketplace Skills CC5790

©

19

D

5

B

E

4

7

A

3

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2

6

C

23

Soup - $2.00, Club Sandwich and Coleslaw - $6.00, Bowl of Fruit - $1.00, Milk - $2.50. $2.00 + $6.00 + $1.00 + $2.50 = $11.50. Tip = $11.50 + 18% = $11.50 x 0.18 = $2.07. Total = $11.50 + $2.07 = $13.57.

3.

21

3.

1

Combo 1 $5.95 Substitute Salad $2.00 Combo 6 $4.95 Ice Cream $3.00 Bill: $15.90

20

6 apples $2.00 2 chicken breasts $8.00 3 cans of tomato soup $1.50 1 head of lettuce $0.75 3 carrots $1.00

$12.00 + 10% = $12.00 x 0.10 = $1.20. A 10% tip on a $12.00 bill would be $1.20. $20.00 - $12.00 $1.20 = $6.80. Yes, Evelyn would have enough money to pay for lunch, with $6.80 left over.

2.

He will have to take away some of the extra things that were not on his list.

1.

order

D

22

tip d) total c)

b) tax

a)

2.

b) 4

a) 4 B

1.

A

D

D

25

28

c) 2

e) duty

a) 3

2.

c) 4

b) 4

a) 4

1.

b) 1

29

Total = $65.96 - 75% ($49.47) = $16.49 Everett should pay with PayPal to ensure his information will be safe.

3.

27

1. Internet Fraud 2. Internet Fraud 3. Safe 4. Internet Fraud

26

a) $59.50 b) Yes

Total = $85.00 - 30% ($25.50) = $59.50

d)  return policy

c)  bank statements

b) tax

a) fraud

3.

He should delete the email, then contact the social media company to ask whether the email he got was a scam.

No. The website does not sound like a safe and secure website because it offers no information other than what payment it takes. Chances are, Addison's credit card information would not be safe. 2.

1.

EZ

Daily Marketplace Skills CC5790

©

percentage

TRUE

31

f) date and time

e) method of payment

d) total

c) sales tax

FALSE

34

d) TRUE 

c)

37

f) deposit

e) transfer

d) debit

c) interest

a) debt

3.

Credit

2.

Cash

1.

b) items

b) FALSE

a)

2.

d) increase e) budgeting 

c)

Sales b) government a)

1.

b) credit

35

Subtotal = $19.18 Sales Tax (8%) = $1.53 Grand Total = $20.71

3.

33

Total = $20.46 Sales Tax (12%) = $2.46 Total = $22.92

a) company

3.

$5.70 + $0.57 = $6.27. The total cost of the things Nathan buys with the tax is $6.27.

2.

$1.25 + $0.50 + $3.95 = $5.70. The total cost of the things he buys is $5.70. 10% of $5.70 = $5.70 x 0.10 = $0.57. The sales tax for the things Doug buys is $0.57.

1.

41

Yukio will have to pay $100.29. $92.86 left on her previous bill, plus $7.43 in interest.

$102.86 - $10.00 = $92.86 $92.86 + 8% = $92.86 x 0.08 = $7.43 $92.86 + $7.43 = $100.29

3.

39

1. PayPal 2. Cash 3. Debit Reason: It's a company she trusts. It's not an emergency. The company may not accept PayPal, Google Pay, or Apple Pay.

38

1. Cash 2. Credit 3. Cash 4. Debit

FALSE

B

D

TRUE

40

d) FALSE 

c)

b) TRUE

a)

2.

b) 4

a) 4

1.

EZ

Daily Marketplace Skills CC5790

©

Q

A

47

R L U S

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12. budget

9. duty

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5. sales tax

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2. comparison shopping

1. value

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13. informed

11. utilities

10. flyers

6. fraud

4. impulse

3. expenses

2. credit

Across

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Word Search Answers

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49

b) 4

a) 4

C

B

Part B

TRUE

FALSE

FALSE

4. 5.

TRUE

TRUE

FALSE

3.

2.

1.

Part A

50

Part C 1.  The car is a want and the furnace is a need. Hank should wait to spend money on a want. Hank has a few months before he really needs a new furnace. Since it's not in season, if he gets the furnace now, it will be at a discounted price. 2.  $29.95 + $19.95 + $21.95 = $71.85; $71.85 x 0.13 = $9.34; $71.85 + $9.34 = $81.19. The cost before tax is $71.85. The sales tax is $9.34 and the total cost is $81.19. 3.  Income = $1,075 + $1,075 = $2,150; Expenses = $2,150 - $700 $400 - $250 = $800; Juliette has $800 left over to spend on her wants. 4.  Manuel should cancel his credit card. To avoid internet fraud, Manuel should check his bank statements, not open emails from senders he doesn't recognize, not use file sharing, use a strong password, never give out his pin code, use safe and secure sites, and destroy information before throwing it out.

EZ

EZ

Daily Marketplace Skills CC5790

Grocery Flyer

..................

Grocery Savings

$7.99

$3.74

Marble Cheese

Baby Carrots

$4.99 Orange Juice

$1.29

Strawberry Greek Yogurt

each

Raspberries

$6.49

4.00

2/$

Salmon Fillet Frozen Pepperoni Pizza

$12.99 Bananas

$.89

/lb

©

Cheddar Cheese Slices

$2.99 55

Daily Marketplace Skills CC5790

Drive-Through Menu A

............................

©

56

Daily Marketplace Skills CC5790

Drive-Through Menu A B

............................

©

57

Daily Marketplace Skills CC5790

Restaurant Menu

....................... LUNCH MENU

(Served from 11:00am to 3:00pm)

Club Sandwich .............................$9.99 Fresh turkey breast, bacon, cheese, tomato and lettuce on fresh bread.

MIDDLE ST. GRILL

Chicken Caesar Salad ..............$6.99 Crisp romaine lettuce with our fresh vegetable of the day and homemade caesar dressing.

Cheeseburger ..............................$10.99 100% Angus Beef Hamburger with Monterey Jack cheese, bacon, lettuce, tomato and pickles.

Fettucine Alfredo ........................$12.99 Fettucine tossed in our homemade sauce with parmesan cheese and butter.

Nachos ............................................$9.99

Crispy nacho chips covered with green & red peppers, tomatoes, green onions and a blend of cheeses.

Soup ................................................$3.99 Find out what soups are cooking each day, Made fresh with a different flavor every day of the week.

Side Dishes

French Fries Rice Baked Potato Grilled Vegetables Side Salad - Caesar or Garden

Open 11am - 11pm daily 555-753-5486

©

58

Daily Marketplace Skills CC5790

Credit and Debit Cards

.............................. Major Credit Cards

Master Card Paypass

Visa Paywave

Debit/Credit Card Magnetic Stripe and Chip

©

59

Daily Marketplace Skills CC5790

Web and Retail Receipts

Walmark.com

Retail receipt

Web receipt

...............................

©

60

Daily Marketplace Skills CC5790