## Here's The Plan!

### Run through these steps when you're planning for a purchase.

Once you decide what you want to buy, answer the 5 questions below:

1. How much does it cost?

2. How much money do you have now?

3. How much more money do you need to save to buy it?

4. How will you earn that amount?

5. How much time will it take to save it?

## Example In Action

### Luna is a high schooler who has a part-time job babysitting every Saturday.

She earns \$60 every month from that. She has \$356 saved up in her bank account. She wants to buy a new laptop that costs \$1000, and she wants it in time for final exams in 6 months.

### Set up an equation to see if she can reach her goal:

• Part A: Will she have enough money to buy the laptop in 6 months?

• Part B: If not, how many months will it take her to save for the laptop?

## Answer the 5 questions 👉

### We know that Luna has decided to buy a laptop.

1. Find out how much it costs.

The laptop costs \$1000.

2. How much money does she currently have?

She has \$365 saved up.

3. How much more money does she need to save to buy it?

See calculation below.

4. How will she earn that amount?

She saves the earnings from her part-time job. She earns \$60 per month.

5. How much time will it take to save it?

See the calculation in the next step.

Use the formula below to create an algebraic equation to find the answer:

## Setting Up The Equation: Part A

### Will Luna will have enough money to buy the laptop in 6months?

Follow this equation to see if she will or not.

Here, the total amount she saves at the end of 6 months is \$725.

### 👉 Luna won't have enough money to buy the laptop in 6 months.

\$1000 - \$725 = \$275

## Setting Up The Equation: Part B

### How many months will it take Luna to save up for the laptop?

To answer the second part of the question, identify the known information & place it in the equation:

Here, x = 10.58, but this value isn't a whole number, so we need to round it up to 11.

### Can you figure out the solution to the problem below?

Question: Ruby broke her camera, so she'd like a new one that costs \$250. She wants to buy it in 5 weeks. How much does she need to save each week?

Hint: Place the values you know into the algebraic formula shown above and find the unknown value.

#### Quiz

How much does Ruby need to save each week?