The goal of this project is for students to learn how money works, how much things cost, what types of things they need to buy, how tax and interest affect money, and how to plan a budget. The project will require students to do internet research and to cite sources. Students will need to price several different kinds of items, including some items students can find online and others (especially gasoline and some food items) which may require students to do research at the gas station or the grocery store.
The project is CCSS-aligned, although it is designed specifically with reference to TEKS 7.13, the financial literacy standards for the state of Texas. The project requires students to solve real-world problems involving budgeting, sales tax, income tax, simple interest, compound interest, credit, buying houses and cars, borrowing money, and more.
Since the project requires students to do their own research and make their own choices, there is no answer key. A rubric is included, as well as a description of the project recommending various resources to students.