Hi Sylver!

πŸ›οΈ Budgeting Like a Young Entrepreneur! πŸ’°

Meet Alex, a 5th-grade student with a big dreamβ€”he wants to buy a new remote-control car πŸš— 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 β€œMini Market Day” where students can sell homemade products to practice being young entrepreneurs. Alex got excited! He thought, β€œWhat if I make colorful slime and sell it at school?” 🎨

But waitβ€”before buying glue, glitter, or containers, Alex grabs a pencil and notebook. He knows he needs to figure out:

πŸ’Έ How much money do I already have?
πŸ›’ What supplies will I need and how much will they cost?
πŸ“Š How many slime jars should I sell to earn enough for the carβ€”and 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! ✨

πŸ”Ή What would you do first if you were Alex?
πŸ”Ή How would you decide how many jars of slime to make?
πŸ”Ή What if you don’t earn enough at firstβ€”how could you adjust your plan?
πŸ”Ή Would you save some money or spend it all right away? Why?