Standard/Elements The student will explain personal money management choices in terms of income, spending, credit, saving, and investing.

Essential Question What are the personal money management choices in terms of income, spending, credit, saving, and investing?

Work Period #1) You will continue to use banking concepts to learn about budgets and expenses by defining vocabulary words related to personal bank. #2) Students will be assigned a career/salary in order to complete the transaction register. You will be given a checklist for the required transaction.

Game of Life

Directions You will get a job with salary, set up a budget, pay all your bills, and roll the dice for any toss up decisions. Example: Go out to dinner (Even) or Get fast food (Odd). You must balance your check book after every decision. If you run out of money you’re done until next pay check unless you roll the dice to use your credit card.

Jobs and Salary 2. Receptionist – $25,990 (Monthly $2,165.83) 3. Nurse (RN) – $65,470 (Monthly $5,455.83) 4. Accountant – $63,550 (Monthly $5,295.83) 5. Computer Programmer -- $74,280 (Monthly $6,190) 6. Criminal Investigator -- $79,030 (Monthly $6,585.83) 7. Dishwasher – $19,180 (Monthly $1,598.33) 8. Six Flags Host – $13,760 (Monthly $1,146.67) 9. Mechanical Engineer– $80,580 (Monthly $6,715) 10. Police Officer – $58,720 (Monthly $4,893.33) 11. Hairstylist/Barber – $27,710 – (Monthly $2,309.17) 12. Collecting Unemployment – $17,160 (Monthly $1,430)

Payday!!! Congratulations on your first pay check. Hope it’s as much as you figured. Unfortunately, it’s time to pay some bills.

Family Daycare Roll the Dice to see if you have a family. If (E) Even you are single with no family. If (O) Odd you have a spouse and two (2) children. Remember to balance your checkbook after EVERY purchase If you have a family deduct or subtract $ from your budget for day care.

First Timers You need to write a check for your mortgage or rent. If you have roommates your total can be divided by the number of people sharing the residence. Remember to balance your checkbook. Rent (Apartment): 1 Bedroom: $ Bedrooms: $ ( per person) 3 Bedrooms: $ ( per person) Mortgage (House): 4 Bedroom: $1,700.00

They Just Keep on Coming… Here are your Utilities. Not too bad. Hopefully they won’t go up next month. Remember if you have roommates your bills get divided by the number of people. Don’t forget to balance your checkbook. Utilities (Power, Water, &Trash): Power: $75.00 Water: $90.00 Trash: $25.00 Total: $ (If you have a house double the total amount) Cable/Phone/Internet Bill (Comcast): Phone: $ TV: $ Internet: $ Total: $160.00

Car Payment ‘12 Hyundai Genesis $ ’74 Ford Escort $ ‘15 Cadillac Escalade $ ‘04 Pontiac Grand Prix $270.00

And You Thought You Were Done!!! There is still much to be done with your car. You have to have insurance and you’re not going anywhere with out a tank of gas. Boys your insurance might be looking a bit different from the ladies. That’s unfortunate. Car Insurance Boys: $ Girls: $ Gas Allowance: Once a week (15 gallon tank): Regular: $3.65 ($56.75 to fill tank) Midgrade: $3.95 ($65.25 to fill tank) Premium: $4.15 ($75.25 to fill tank) (Escort/Grand Prix: Regular Gas) (Genesis: Midgrade) (Escalade: Premium) You need to fill your car for the month (multiply by 4)

Time for Some Car Maintenance Roll the Dice to see if your car needs maintenance. If (E) Even your car needs an oil change and tire rotation. If (O) Odd you got away this time, but watch out for next time your luck might change. Remember to balance your checkbook after EVERY purchase. Maintenance: Oil Change: (every 3,000 to 4,000 miles) - $45.00 Tire Rotation: (every 6,000 to 8,000 miles) - $30.00

Have You Been Keeping Up With Your Spending? Check out your checkbook and try and calculate how much money you have spent so far. Compare with a neighbor and see if they are doing as good or better than you. How much money do you have left?

Let’s Grab Dinner You and your friends decide to grab some dinner. Roll the Dice to see if you’re getting Chick-fil-A (Even) or Outback Steakhouse (Odd). Chick-fil-A –#1 Combo with a Lemonade and a small Ice Dream. Total: $9.75 Outback Steakhouse –12 oz. Sirloin Steak with a Coke. $ (20% Tip) Total: $25.00

Can’t Eat Out Every Night It’s time to go grocery shopping. While shopping, you pick up everything you need (E) or just get the bare essentials (O). Remember if you have roommates you can divide everything by the number of people. Did you balance your checkbook? Grocery Store Everything from bread to A1 sauce. $ Just the bare essentials (bread, milk, lunch and dinner fixings). $100.00

You Have To Look Your Best! You have one of two options, let the DICE decide. You can go buy some new clothes (E) or you can take your old clothes to the dry cleaners (O). Things are adding up, better make sure your checkbook is balanced. ( O)Dry Cleaners Cost 5 Shirts: $1.75 (per shirt) - $ Pants: $4.00 (per pants) - $ Jackets: $6.00 (per jacket) - $6.00 Total: $34.75 (E)New Clothes 3 - Shirt/blouse: $20.00 to $ $ Pants/Skirt: $30.00 to $ $ Shoes: $25.00 to $ $60.00 Total: $260.00

Feeling a Little Under the Weather It’s time for a doctor’s visit to try and get rid of that cough. Jobs 2, 3, 4, 5, 6, 9 and 10 you all have insurance. Doctor’s visit: $ Jobs 7, 8,11 and 12 you do not have insurance. Doctor’s visit: $

Date Night! You decide to take that special someone out. Use the DICE to decide what you do (E) Dinner at the Cheesecake Factory and a movie at AMC or (O) Make dinner and rent a movie from Redbox. Don’t forget to balance your checkbook. (E) Dinner and a movie Dinner = $50.00 Movie = $18.00 Total = $68.00 (O) Cook and Redbox Dinner = $20.00 Movie = $1.35 Total = $21.35

Let’s Get Some Cash Out… You need to stop by the ATM to withdraw some cash. Everyone needs to withdraw $40.00 from their bank account for the weekend. Make sure you balance your checkbook and are using the correct codes in your transaction register.

Time to Do Your Taxes! It’s time to pay your taxes, but some of you will get a refund! Don’t forget to balance your checkbook! From $10,000-$20,000 you will receive +$ from the government. From $30,000-$40,000 you owe the government (-$300.00) From $60,000-$70,000 you owe the government (-$450.00)

Finale!!!!

It Paid the Cost to be the Boss! 2-Inherited (+$50,000.00) 3- Received a (+$100.00) Loan (optional) 4- Vacation to Jamaica (-$800.00) 5- Found money on Aisle 9 at Publix (+$10.00) 6- Gamble and Lost (-$200.00) in the Hawks and Bulls Game 7- Wedding Cost (- $8,000.00) 8- Received a Speeding ticket (-$425.00) 9- Gave a Birthday Gift (-$48.00) 10- NOTHING 11- Invested in the Stock Market (-$350.00) 12- Won the Lottery (+$500,000.00)

Time to Check the Checking Account. Check out your checkbook and try and calculate how much money you have spent so far. Compare with a neighbor and see if they are doing as good or better than you. How much money do you have left?

What is YOUR reflection on the “Game of Life”? How is real life similar or different from the game? ( 5-6 Sentences)