Financial Literacy - Budgeting - Money Management: 14-Day Simulation Activity – is a very comprehensive, exciting, and interactive computerized real world turn-key simulation where students “Flip the Die” for their “Station in Life” and experience “The Real World” according to the roll of the die -- it is guaranteed to keep students “on their toes!” Students complete this simulation using Excel spreadsheets; therefore, a computer lab is essential.
FYI FOR THE MAC USERS: This activity was created in Windows; however, it is possible for Mac & iPad users to use this if the purchaser and/or students have Excel (and Dropbox for the conversion) installed on their Macs. The author of this activity finds that the transfer can be easily made by placing the Excel Windows Zip file into Dropbox and then opening it on the Mac (iPad as well) using Dropbox there. The protected cells house formulas that are very useful for calculating the results of the student's entries. There may be other software that will work as well as ways of transferring the file from this Zip file, but this is one way it can be done.
Teachers have rated this simulation with high marks because it is AUTHENTIC, RELEVANT, FUN, and UNFORGETABLE. The teacher walks the students through each part of the lesson plan (timeline) and facilitates the process as their students may find things in their "Station in Life" simply do not always go as planned -- such is life! Before implementing this activity, the purchaser must read both the Teacher and the Student Instructions on the Zip and become very familiar with all parts of the activity. These files are on the zip file: Teacher Instructions, Teacher Record Sheet, Teacher Tools (Rubric & Timeline), Parent Sample Letter, Student Datasheet (includes the 18 separate spreadsheets that the students complete - some more comprehensive than others and all of which are copyrighted and protected), Student Instructions, Student Rubric, and Wild Cards Draw.
The teacher has EVERYTHING they need for implementing this all-inclusive unit: implementation instructions, rubric, rubric example with marking instructions for using the rubric, timeline, and a spreadsheet for keeping track of the student’s “Station in Life” details. Once purchased, this activity can be used by the purchaser ONLY (copyright protected) time after time!
This budgeting activity fits nicely into any Financial Literacy program/course, CTE programs, and Math.
Actually, it works well to reinforce student learning as a culminating activity in many disciplines where Financial Literacy is part of the curriculum. Students “Flip the Die” for whether or not they are a married or single parent, the number of children they are supporting (1-6), their educational level (high school dropout to a Ph.D.), and their yearly income. Once that takes place, the students must find a job and an apartment/condo/house. They then determine what their expenses will be which include: utilities, transportation, insurance, food, clothing, grooming, child care & school expenses, pets, and gifts & contributions. They also determine what their monthly savings will be and if they can afford to invest in the stock market. Five different times the students draw cards in a WILD CARD DRAW and may find themselves with unexpected expenses or “much welcomed” incomes. It all depends upon the “Flip of the Die” and the decisions they make during the activity.
PRINTING OF SPREADSHEETS: In order to implement this activity (as mentioned above), it is VERY important that the purchaser is not only proficient in the use of Excel spreadsheets, but in the operation of their classroom printers as well. Due to the size of some of the spreadsheets, please understand that those spreadsheets will NOT fit on one printed page, if you want the font size to be easily read.
Each type of printer is different, therefore making it impossible for Education Get Real to give you instructions about how to print the spreadsheets. Look carefully at the printer and page setup options for your specific printer! When the students are ready to print, you must give them clear step-by-step instructions on how to print their spreadsheets on the equipment available in the classroom. Advanced preparation and practice will save you and your students loads of aggravation, so please plan ahead! EGR SUGGESTION: Rather than have your students submit printed copies, have them send you a digital version for you to "screen" check/grade on your teacher's computer -- this would be soooo much easier! This "saves trees and definitely eliminates a great deal of frustration for EVERYONE."
What makes this activity different from others?
It is relevant, true to life, meaningful, fun, and unpredictable! This activity is based on students accessing “fill-in” EXCEL spreadsheets with formulas in place to constantly make them aware of the “bottom dollar" – their income and expenses are automatically calculated for them. If you are looking for a turn-key budget simulation package that has been successfully used in the classroom – one that challenges students and is a "REAL WORLD" experience for them, then this is an activity that will do exactly that!!!
At a certain point in their lives, students will graduate from high school/college and eventually enter the job market. Most will marry and become parents in the near future. Will they be successful and know how to manage their money? This is something you (their teacher) can do to prepare them for the “Real World” -- an activity that they will never forget. This activity fits very nicely as a final project for those teachers who are using the FINANCIAL LITERACY – The Money Trail
series in their classrooms. The activity enhances and reinforces student understanding of the importance of good money management.
Here are the links to all FINANCIAL LITERACY categories where you can find the products that are of interest to you. These links include 24 Chapters and Activities, Instructional PowerPoints for ALL Chapters, Checkpoints (Tests), 3 in 1 Package Deals, Bundles "Galore, and the "Flip of the Die" Budgeting Simulation. For more information, click on these links below:
FINANCIAL LITERACY - Individual Chapters & Activities
FINANCIAL LITERACY - PowerPoints for ALL Individual Chapters
FINANCIAL LITERACY - Checkpoints (Tests)
FINANCIAL LITERACY - 3 in 1 Package Deals (Chapter, Test & PPT)
FINANCIAL LITERACY - Bundles "GALORE"
FINANCIAL LITERACY - FLIP OF THE DIE "`14-Day Budgeting Simulation."
This activity fits nicely with the FINANCIAL LITERACY - "The Money Trail" series. It is a hands-on computerized (EXCEL spreadsheet) unit that reinforces what students learn when they finish or during the "The Money Trail" Parts. Access to computers is essential when teaching this unit. An option could be to use this activity as a final project. "
Get all of the FINANCIAL LITERACY products we offer and incorporate these thought-provoking items into your teaching repertoire. All of our Education Get Real materials are available here on this Teachers Pay Teachers website and we currently have materials in the areas of English, History, and CTE.
If you would like to communicate directly with us, we invite you to contact us on our website at www.educationgetreal.com
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© EDUCATION: GET REAL!!! materials are copyrighted and most are certified by the Library of Congress. Each individual purchaser is granted permission to copy the materials for their own instructional use only. Redistributing, sharing, editing, selling, or posting this item or any part thereof on the Internet or other digital means are strictly prohibited. Violations are subject to the penalties of the Digital Millennium Copyright Act.
ATTENTION PURCHASERS: Printing permitted -- for best results use a high resolution printer. Notify us through FAQS if you experience technical issues -- we aim to please!
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