Yesterday, I shared our learning while away lesson on how we can always be learning, even when on the road. A lot goes into planning a vacation, why not get some learning squeezed in there too. This has helped so much in this time of emergency, when I didn't have time to come up with a real lesson plan. You can read part 1 HERE!
Today's lesson is a very important one when traveling, it involves a lot of math and all of it is mental math. It is important to know how to do your math in your head when travelling, because you will purchase most items at outdoor stalls and booths, in open air markets and from people that may not be as educated as you wish they would be when dealing with money. Everyone makes mistakes, it is important to not have them made to you.
Today's lesson was on changing money. It is important to only change the amount of money you will need for the day, unless you think it is a very good exchange rate. The rates fluctuate daily and even multiple times during the day. Also keep in mind that not all places pay out the same amount, so keep checking with more than your hotel front desk and houses of change, banks tend to pay out higher amounts but also have longer lines.
1. The first step was to find the days exchange rate, this can be found by a quick Google search.
2. I gave the children the amount of money that would be exchanged and they had to calculate what I would get back if the exchange rate we came across was the exact same as what we found online.
3. We headed out and went to buy PESOS, we went to 3 different places and they had to write down the exchange rate at each place and calculate how much we would get back. Out of the 3 places, they then told me where we would get the most for our USD and we headed back there to exchange money.
2. I gave the children the amount of money that would be exchanged and they had to calculate what I would get back if the exchange rate we came across was the exact same as what we found online.
3. We headed out and went to buy PESOS, we went to 3 different places and they had to write down the exchange rate at each place and calculate how much we would get back. Out of the 3 places, they then told me where we would get the most for our USD and we headed back there to exchange money.
Because we were spending most of our time in hospitals, much of our trip was spent eating out at food stalls, stands and some restaurants and our souvenir shopping (if any) was done in open air markets, this was where it was time to prepare the mind mentally as you don't have the time to pull out a calculator, and you should always be prepared!
1. If the kids wanted to buy something, I sent them to several stalls to compare prices, once the best price was found, they had to exchange it to USD at the price we paid and find out if in fact it was a good deal or worth the price.
2. When paying, the children had to show me which bills and or coins to pay with and then they had to tell me how much change they would get in advance of paying, so that they were ready when the change came.
3. At the end of each day, they would look at the amount we started out with and the amount left and then they would calculate how much money was spent and if we were on budget if a budget was given ahead of time. As this was an emergency trip, we were not going on a budget.
1. If the kids wanted to buy something, I sent them to several stalls to compare prices, once the best price was found, they had to exchange it to USD at the price we paid and find out if in fact it was a good deal or worth the price.
2. When paying, the children had to show me which bills and or coins to pay with and then they had to tell me how much change they would get in advance of paying, so that they were ready when the change came.
3. At the end of each day, they would look at the amount we started out with and the amount left and then they would calculate how much money was spent and if we were on budget if a budget was given ahead of time. As this was an emergency trip, we were not going on a budget.
I hope you enjoyed this part of our lesson, stay tuned for more on part 3 next week!
Enjoy every minute my friends!
Enjoy every minute my friends!
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