
TEACHING AND LEARNING BUDGETING LESSON PLANS AND WORKSHEETS
 LOGIC  ALGEBRA  GEOMETRY  COST BENEFIT ANALYSIS
PLANNING LESSONS ACTIVITY REAL ESTATE


REAL WORLD REAL ESTATE BUDGETING:
COTTAGE BUDGET LESSON PLAN


You are
designing a small (16 foot square)
cottage that will be constructed on
a plot of land that you own. There
are many options available to you
during the construction process. It
is up to you to complete the cottage
while staying within your specified
budget.
Intended
Audience: 
8^{th} to
12th grade students.
Mathematics.

Objectives: 
Students will
actively apply logic and algebraic knowledge
in a simulation of a realworld problem. They
will be introduced to the appropriate
terminology for the lesson material and
utilize various comprehension strategies.
At the end of
this lesson set, students will be able to:

Understand how to evaluate alternatives,
including cost/benefit.
 Work
with a budget.
 Present
and substantiate their analyses.
 Fully
understand the importance of specifying
units when representing a value.

Prerequisite
Knowledge: 
Students are
expected to have a solid understanding of
basic arithmetic functions as well as
exponents and the interpretation of
mathematical operators and equations. In
addition, they have already experienced basic
algebra and geometry.
In the interest
of time, it is assumed that this is not the
first class session in which this information
has been presented. Therefore, students have
foundation level knowledge of the terms and
process that will be briefly reviewed in the
initial teacher presentation.

Learning
Standards: 
 Use of
mathematical analysis to pose questions,
seek answers, and develop solutions.

Applying mathematics in realworld settings.

Materials
Needed: 
Teacher
resources:

Overhead projector and/or blackboard.
 Copies
of handout material.
 Colored
markers for use with overhead projection.
 Handout
materials.
Student
materials:

Notebooks, calculators, writing implements
for recording class related information.

Procedures: 


Task 
Introduction
§
Agenda, advance organizer
§
Donow or warmup exercise
§
Distribution of handout and materials
§
Review of lesson scenario
Upon completion
of this introduction, students will be
familiar with the lesson objectives and will
be ready to begin work. 
PreReading
Perspective
Get students to
think and ask questions about managing a
construction project. Set the frame of mind
for examining alternatives and build an
understanding of the concepts required to
perform the appropriate mathematical
operations.

Vocabulary
Review
Students will
engage in an “I have, who has?” exercise to
review key terms from the reading passage.
Upon completion
of this exercise, students will understand the
traderelated terms that will enable them to
comprehend and interpret the reading passage.


Group Exercise
– Budgeting
Students will be
given a fixed budget and a set of requirements
and will be expected to prepare a statement of
work to be completed on their cottage.


Wrapup and
homework
 Review
homework assignment
 Respond
to inquiries
 Offer
extra help and reiterate office hours

Homework assignment review (options)












LESSON MATERIALS
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ADVANCE
ORGANIZER


BUDGETING EXERCISE

HOMEWORK

PRICE LIST










VOCABULARY
REFERENCE

I HAVE,
WHO HAS
EXERCISE









Answers will vary depending upon the options selected by each student or group.
Warmup activity answer is 204, which is the sum of the squares 8^2 + 7^2 + 6^2 + 5^2 + 4^2 + 3^2 + 2^2 + 1^2 = 204
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BUDGETING
Use these worksheets to teach basic budget concepts. Budgeting involves understanding how much money you earn
and spend over a period of time. Use these printable budget worksheets and budgeting
lessons to teach real life basic budget concepts, an important fundamental
money skill. Budget lesson plans and worksheets for teaching household budgeting
and consumer math skills.




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