Problems 5.1-5.2
A school’s Latino Student Union has a budget of $240 for the year.

The club wants to spend of their budget on snacks.

How much money should they spend on snacks?

dollars

The club spent on decorations for Dia de los Muertos.

What percent of their budget is this?

Submit

To find out what percent the decorations represent of the total budget, you can use the formula:

In this case, the “Part” is 36 dollars for decorations, and the “Whole” is the total budget of 240 dollars. Plugging in the numbers gives:

So, the club spent 15% of their budget on decorations.

In financial management, especially in clubs or organizations, knowing how to budget wisely is key to maximizing your resources. This skill allows you to prioritize spending based on goals—like ensuring you have enough for events and activities throughout the year. Plus, being transparent about spending percentages can help foster trust and responsibility within the group.

For anyone curious about budgets, there are tons of engaging resources out there! Websites like Khan Academy and personal finance blogs can be a treasure trove of information, turning what might feel like a boring topic into an exciting journey of financial discovery! Learning how to budget can enhance not just club activities but personal finances too—who doesn’t want to spend wisely?