Personal Finances Unit: That's Life - A Project-based Learning Simulation

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That's Life: Personal Finance Project-based Learning Simulation gives students a chance to see what it's like to play in the adult world as they try to make their money last the month, while paying all the usual bills.

This is one of my very favorite units to teach! Once you do it, you'll see why. I walk you through the prep with detailed, step-by-step instructions and visuals, included in the Teacher Sample INB folder and Teaching notes.

Each student chooses a job, based on their interests. They don’t know how much they’ll be making until they get their first paycheck, less taxes, of course. Salaries are based on data from the Bureau of Labor Statistics, individualized for your area.

They’ll have to find a place to live, a company in their community to work for, and some form of transportation. They’ll pay bills, plan meals, shop for groceries, and dine out. And along the way, they’ll experience a few bumps and financial bruises they hadn’t planned on. Sound familiar?

Probably the most eye-opening part of Personal Finance, besides finding out how expensive it is to live, is when they receive their bank statements and have to balance those statements at the end of the unit. It really shows how important it is to keep accurate records.

This unit includes an opportunity for an independent study. I've included 11 different options that pique students' interests, with a 12th option to come up with their own project. These are presented at That's Life Expo.

Interactive Notebook Activities include:

♦ Writing checks
♦ Learning About Job Applications & Writing a Résumé
♦ Gross vs Net - Figuring Net Income
♦ Finding Housing
♦ Transportation
♦ Health Insurance
♦ Planning a Week's Menu
♦ Grocery Shopping
♦ Dining Out
♦ Paying Bills
♦ Experiencing (and paying for) those incidentals that come up (Daily Event cards)
♦ Independent study: That's Life: Project Expo

Also included:

• All teaching notes
• A bank (editable spreadsheets, both PC & MAC versions)
• Final writing evaluations and self-assessment

This month-long unit can be condensed into two weeks if necessary.

You might also like Money: Making Change, 20% Off Sale, Estimating Costs - Crack the Code. It makes a good addition to this unit.


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© 2016 Pamela Kranz All Rights Reserved
Total Pages
150
Answer Key
Included
Teaching Duration
1 Month

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Personal Finances Unit: That's Life - A Project-based Lear
Personal Finances Unit: That's Life - A Project-based Lear
Personal Finances Unit: That's Life - A Project-based Lear
Personal Finances Unit: That's Life - A Project-based Lear