Helping Students Understand the Financial Impact of Education on Budgeting
This activity is designed to complement a Career Exploration or Financial Literacy Unit. This in-depth budget simulation goes beyond basic worksheets and asks students to consider the nuances in daily financial choices, including fixed expenses, living expenses (required and optional). After students complete the simulation, three reflection questions are provided to help students process the experience.
In order to complete this activity, students will need a pencil and a calculator. It is recommended that the teacher walks students through the worksheet to help students fully consider the impact each section has on budgeting, etc.