Hi Sylver!
ποΈ Budgeting Like a Young Entrepreneur! π°
Meet Alex, a 5th-grade student with a big dreamβhe wants to buy a new remote-control car π or maybe start a small slime business to sell to his classmates! But before he can do that, Alex needs to be smart with his money. That means making a budget!
Alex gets a weekly allowance of USD100 and sometimes earns extra by doing chores like washing the dishes or feeding the pets. One day, his teacher announced a βMini Market Dayβ where students can sell homemade products to practice being young entrepreneurs. Alex got excited! He thought, βWhat if I make colorful slime and sell it at school?β π¨
But waitβbefore buying glue, glitter, or containers, Alex grabs a pencil and notebook. He knows he needs to figure out:
πΈ How much money do I already have?
π What supplies will I need and how much will they cost?
π How many slime jars should I sell to earn enough for the carβand maybe even more?
What will he do if something unexpected comes up, like needing to buy a gift or replace his broken headphones?
Follow-Up Questions on your Writing Journal
Think Like Alex! β¨
πΉ What would you do first if you were Alex?
πΉ How would you decide how many jars of slime to make?
πΉ What if you donβt earn enough at firstβhow could you adjust your plan?
πΉ Would you save some money or spend it all right away? Why?