The Game of Life, a Math Project about Money -- real life application

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1.61 MB   |   24 pages

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"KIDS LOVE THIS ACTIVITY." "GREAT REAL LIFE MATH ACTIVITY" - TPT customers -

The Game of Life, a Math Project about Money

This project walks students through eight stages.

` Stage 1: Education
You will choose an education you hope will lead to an occupation you desire. Student loans and grants are introduced and calculated.

` Stage 2: Occupation
You will choose an (available) occupation and salary. You will calculate all the deductions from your check. State and federal taxes, social security, and Medicare will be calculated as a percent of your paycheck. Health care costs will be assigned randomly.

` Stage 3: Shelter
You will choose a house to purchase or rent. You will calculate your monthly payment. You will be assigned credit randomly, and those with bad credit must use a higher interest rate than those with good credit. 

` Stage 4: Utilities
You must choose between two or more companies for a variety of utility bills. You will try to choose the company that offers the best value.

` Stage 5: Shopping
You must make purchases depending on sales and tax information. You will choose the items with the best value by calculating prices after sales and taxes.

` Stage 6: Life Events
You will spin the Wheel of Fortune after each of the first six stages is completed. Both fortunate and unfortunate things can happen. Examples include needing car or home repairs, winning money on a lottery ticket, getting unexpectedly sick, or getting a bonus at work. You must figure these unforeseen events into your monthly budgets. You will calculate the probability of certain events occurring.

` Stage 7: Budget
You will fill out bank statements for six months. You will write your deposits on the appropriate paydays, subtract a list of bills that will be assigned, and make adjustments from the Wheel of Fortune.

` Stage 8: Projection & Reflection
You will project your financial performance out 40 years into the future. You will then reflect on the outcome of living the Game of Life. How has the game affected your expectations of adulthood?


See the preview for a sample of the pages in the 24-page booklet.

` Printing
Print the PDF file as a "booklet" from Adobe Reader. It will print front-and-back on 6 pieces of paper to form the 24-page booklet.
Alternatively, you could print normally on Landscape to give students a half-page to use as a workspace or for notes.

An answer key is also provided. Answers for price comparisons are given, and example answers for all blanks are also given.

I hope that you and your students find this project engaging and relevant.

Enjoy!


` UPDATE!
I have added a Smart Notebook file to this product. It includes a spinner for the Wheel of Fortune and slides for each of the Utility and Shopping problems (just screen caps of the actual document). I hope this adds ease and functionality. Enjoy!
Total Pages
24
Answer Key
Included
Teaching Duration
N/A

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The Game of Life, a Math Project about Money -- real life