Financial Literacy: First Steps, Can Money Go up in Smoke?

Financial Literacy: First Steps, Can Money Go up in Smoke?
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This is a one day activity teaches students about large numbers and about compound interest. Students investigate the long term monetary implications of adopting a smoking habit. It is part of the Financial Literacy: First Steps unit.

This assessment is from our Financial Literacy: First Steps" unit. This choice board contains 16 differentiated project options for assessing students' understanding of percents, fractions, and decimals as well as variety of money and economic-related topics. The 16 options on the board offer a variety of formats including: interviews, script writing, persuasive essays, plays, illustrations, flow charts, comparison charts, etc. Each option has a dollar value attached to it and the students need to complete a $1000 worth of options.
"Financial Literacy: First Steps" is designed to develop students' basic knowledge of some of the life skills they will need when they deal with the real economic world. Our unit includes personal budgeting, needs versus wants, wages, banking, taxes, and protecting one's personal financial resources. At the conclusion of the study, students will know the finances of employment, how to apply reliable information and systematic decision-making to personal financial decisions, and recognize and accept differences among peers' values and attitudes about money.
If you would like to see more of the activities available from the Financial Literacy: First Steps unit consider:
Unit Agenda: Heady Percents; Fractions-Decimals-Percents; Intro to Really Large Numbers; Percent Increase and Decrease: Itemized Spending Log; Journal; Days of Interest Notes; Number Line Creations; Payments/Bonuses; Price of Gasoline; Transaction Ledger
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