Real-World Budgeting & Finance: Buying a Home

Grade Levels
7th - 12th, Homeschool
Subjects
Resource Type
Formats Included
  • Zip
Pages
12 pages
$2.50
$2.50
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  1. Engage your students and broaden their personal financial literacy with the various activities included in this GROWING bundle. The activities included will assist students to make real-life choices about things like insurance, groceries, utilities, purchasing a vehicle, etc. based on their income.
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Description

This real-life budgeting and finance activity on buying a home is a great addition to any Personal Finance or business class. By the end of the lesson, students will have a better understanding of the costs involved when purchasing a home.

What’s included?

· Glossary of terms (down payment, amortization, closing costs, etc.)

· Lesson on calculating the mortgage payments

· Reflection questions

Students will use an online calculator (website provided) to examine the cost of two homes based on the term and interest rates at two separate banks. Students will also compare the monthly payments based on the different rates at each bank to determine which is the better purchase.

Answer keys included for all!

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© The Classroom Sparrow

Total Pages
12 pages
Answer Key
Included
Teaching Duration
2 hours
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