Game of Life - Financial Literacy - Math Project - Distance Learning Compatible

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(11 MB|60 pages)
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• Product Description
• StandardsNEW

Analyze spending, use budgets, compute monthly payments and tie everything together in the Game of Life! A REAL WORLD 21ST CENTURY MATH PROJECT! Basic Operations, Percentages and Critical Thinking are put to the test in this financial literacy challenge!

This is 60 page pdf with 3 assignments and 1 mega-project. Answer Key included when possible (students will make a lot of choices)!

In “Bookkeeping Basics” students analyze the spending of different individuals and determine whether or not they have the available funds necessary to purchase an item they would like. “Can I afford this?”

In “Budget Busters” this assignment asks students to analyze the budgets and actual spending of different individuals. Are they spending within their budget? More they can analyze a budget, students will need to determine net pay after calculating their taxes. Students will need to translate between percents, fractions and decimals.

In “Monthly Payment 101”, this assignment asks students to calculate monthly payments of different loans. Students will also be asked to choose between different loans.

and this leads to the mega project --

The [simulated] Game of Life. This project is multi-faceted, but you can modify (shorten as desired).

Students will choose between 54 career cutouts which starts them off with an annual income, income tax rate, debt and savings account. (NEW! As an alternative you can dish out careers and updates with this app: http://tiny.cc/GameofLife)

With this information students will…

Consolidate their Debt. Students will choose a single loan to pay it back. They need to be careful what they pick because they don’t want to have a monthly payment they can’t afford.

Once they have their loan’s monthly payment information they will…

Complete a Budget. They will calculate their Net Monthly Income and Create a Budget for their spending.

With their budget set, it is time to make…

Choices! They will select a plan for housing, utilities, phone, food, transportation, savings and extras. They need to be sure not to spend too much money. (All data is included). Note: I have included an option of cigarettes to show how much they cost and how unaffordable they can be.

Once they are done with these tasks, they will put your choices to the test. They will complete SIMULATED YEARS.

You will give students an Update (30 included) which will change information regarding their employment, family changes and unforeseen obstacles!

Students may get married or have children. If they get married, they need to find someone else in the class that also got married and POOF they are now partners on this project. They are married. If for instance, on their next update, they get divorced, they need to split their savings and move on.

Students will then reassess their finances, re-evaluate choices and complete their Year 2 (or 3 or 4 or 5) assignment.

In this 60 page document you will be given a mapping to the Content Standards, and a thorough packet that will challenge your student's critical thinking skills.

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This product includes a license for one teacher only for personal use in their classroom. Licenses are non-transferable, meaning they can not be passed from one teacher to another. No part of this resource is to be shared with a colleague or used by an entire grade level, school, or district without purchasing the proper number of licenses. If you are a coach, principal, or district interested in transferable licenses to accommodate yearly staff changes, please contact me for a quote at teach@clarkcreativeeducation.com

This resource or answers to the questions may not be uploaded to the internet where it is publicly available in any form including classroom/personal websites, network drives or student Prezis (can be made private), unless the website or app is password protected and can only be accessed by students.

Thank you for respecting my work!

Interpret the parameters in a linear or exponential function in terms of a context.
Write a function that describes a relationship between two quantities.
Create equations and inequalities in one variable and use them to solve problems.
Use units as a way to understand problems and to guide the solution of multi-step problems; choose and interpret units consistently in formulas; choose and interpret the scale and the origin in graphs and data displays.
Use proportional relationships to solve multistep ratio and percent problems. Examples: simple interest, tax, markups and markdowns, gratuities and commissions, fees, percent increase and decrease, percent error.
Total Pages
60 pages
Included
Teaching Duration
2 Weeks
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