Banks, financial institutions and even corporations are turning out schemes aimed at children to boost their saving habits and business acumen. Parents and schools must take advantage of these schemes as part of their curriculum. These help the child understand facts and figures better, edifying his mental capacity. (Britannia Building Society).
By and large, the 8th grade students fall into the age group of 12-14 years. Except for a small percentage of say ten percent each of the brilliant students and students with learning disabilities, the larger segment of students comprise the normal, average pupils for whom learning is routine and sometimes even a bane. Nevertheless, these normal, average students have no major problem putting in the right amount of efforts to secure good, respectable results. The only possibility of something going wrong is when either something or someone becomes cause for negative attitudes to set in. In such cases, mathematics becomes the first subject to become casualty because it requires a great deal of positive concentration on the part of the student. That is why children with emotional problems face difficulties in comprehending mathematical problems. The problem could be quickly and effectively remedied by a considerate teacher through counseling and care.
8th graders as traders and bankers
The concept of budget planning, interest, and percentage may appear meaningless and abstract unless it is bound together with the relative important aspects of savings and responsible spending. The student may quickly bond with the concept if it is conveyed as something personally relevant and important to him. Otherwise, she or he may dismiss it as something applicable only to traders and bankers. They may not feel the significance of building a good foundation by grasping this concept.
Moreover, the responsibility for parents and teachers to inculcate principled spending habits on their children has increased with the modern day marketing trends to attract young people. (Madhu T).
Use of illustrations and methods
The 8th graders are on the threshold of the business world where integers, decimals and fractions are part of daily lives. The concept of budget planning, interest, and percentage follow the backdrop of integers, decimals, fractions, whole and natural numbers among other concepts and theories such as geometry.
Illustrations, methods of problem solving and practice are the normal means of understanding mathematics.
The introduction of budget planning, interest and percentage will make sense to the students if it is done as a concept of daily use in homes and companies. Children will quickly realize what the concept is all about if the teacher explains the way parents run households. From there, the concept must be applied to how traders and businessmen run their trade.
Solutions to elementary percentages involving whole numbers, decimals and fractions must be taught and enough problems given to student for practice so that they are thoroughly conversant with the uses and