the game of life— my personal economic plan semester project
TRANSCRIPT
This project is worth about 15% of your entire grade!
You will be creating a personal economic plan by exploring various career paths, housing markets, colleges, investments, and more!
The entire project is due in May! Your project must be in a binder and typed when
you turn it in!You must write in complete sentences!Late projects will receive half credit!
6 Parts to the Project! Part 1: Finding a Job—is college worth it? Due
January 25th Part 2: Creating a Budget—where am I going to live
and what am I going to eat? Due in February Part 3: Create a Savings Plan—getting what I want!
Due late in March Part 4: Credit Cards & More—understanding the fine
print! Due in March Part 5: Stock Market Part 6: Paying Taxes—Uncle Sam wants his cut.
Completed in class in April
Reminder:
There are 6 parts! You will need to start a new page for each part Title it with the number and title
You will need to label each step
Part 1: Finding a Job—is college worth it? Step 2: Finding a Job ( 45 points)
Fill in the chart
Type a 1 page response about your findings from your research.
Part 1: Finding a Job—is college worth it? Step 3: Finding a college or trade school (45
points) Visit the College and Career Center at CDO or
go online (or visit the school) and find 3 schools that interest you.
Fill in a chart Type a 1 page response about your findings from
your research.
Don’t forget to attach the ad!
SAMPLE of the CHART EXAMPLE
Job #1—no college or experience needed
Job #2—Bachelor’s Degree needed
Job #3—Dream Job
Annual Income/ Gross Income (before taxes) $36,000
Less income taxes, Social Security, & Medicare -$8926.70
Net Annual income (take-home pay) $27,703.30
Annual Spending (Living Expenses)
Housing (Apartment Rent, Mortgage, etc). You need to attach the actual apartment or housing listing to your report.
$12,000 ($1000/ month)
Utilities and Cable TVFind out how much cable is for a year? List the website or ad that you found your amount from.
$600www.source
.com
Cell Phone Find out how much for a cell phone a year?List the website or ad that you found your amount from.
$600www.source
.com
Part 2: Creating a Budget—where am I going to live and what am I going to eat?
Step 2: Type up a 1-2 page response essay to your findings from your research.
Part 3: Create a Savings Plan—getting what I want! 100 points total
Step 1: Answer questions about a savings plan
Part 3: Create a Savings Plan—getting what I want! 100 points total—DUE
Step 2: Interviewing 5 adults (75 points):
Survey 5 adults about their savings plans—Include your results in your final report (25 points).
Type up a 1-2 page response to your findings from your interviews. (50 points).
Part 4: Credit Cards & More—understanding the fine print! 200 points
Step 1: Answer questions about credit and credit cards
Part 4: Credit Cards & More—understanding the fine print! 200 points
Step 2: Finding a credit card (70 points):
•Go online and find 3 different credit cards.
•They must be from three different banks
•Note the cards interest rates, late fees, annual fees, and fees for cash advances
Credit Card
Annual Percentage Rate (APR)
Late Payment APR (What
does the APR change to if
you don’t pay on time?)
Finance Charge
Late Payment
Fee
Fees for Cash
Advances
1.
2.
3.
Part 4: Credit Cards & More—understanding the fine print! 200 points
Step 3: Credit Scavenger Hunt (100 points):
Find the answers/definitions to the questions/terms
Part 5: Playing the Stock Market—is it gambling or investing?
Step 1: Read and answer questions After reading the article, what is your investment
strategy?
Part 5: Playing the Stock Market—is it gambling or investing?
Step 2: Darts or Analysts (40 points): Play the stock market Fill in your 2 chartsWrite up a review
Part 5: Playing the Stock Market—is it gambling or investing?
Step 3: Type up a 1-2 page response to your findings from your stock market simulation.
Part 6: Paying Taxes—Uncle Sam wants his cut!
Step 1: Fill out a tax form (50 points) You will get the form later… We will do this in class