1. The Game of Life— My Personal Economic Plan
2nd Quarter Project

2. This project is an assessment grade for 2nd quarter!
You will be creating a personal economic plan by exploring various career paths, housing markets, colleges, investments, and more!
The project is due November 17th
Your project must include all 3 information sheets and a final “presentation” of overview of information
PowerPoint, Prezi, Glogster, Poster, etc.

3. 4 Parts to the Project! Part 1: Finding a Job—is college worth it?
Part 2: Creating a Budget—where am I going to live and what am I going to eat?
Part 3: Create a Savings Plan—getting what I want!
Part 4: Credit Cards & More—understanding the fine print!

4. Part 1: Finding a Job—is college worth it?
Step 1:
Take a careers quiz
Choose 3 potential careers
Look where those opportunities are primarily located.

5. Part 1: Finding a Job—is college worth it?
Step 2: Finding a Job
Fill in the chart
3 jobs – high school, college degree, dream job
For this activity – don’t look for the “max” or “min” salary. Think of yourself as about 28 years old with anywhere from 6-10 years of experience
Answer reflection questions

6. Part 1: Finding a Job—is college worth it?
Step 3: Finding a college or trade school (45 points)
Go online and find 3 schools that interest you.
Fill in the chart
Answer reflection questions

7. Part 2: Creating a Budget—where am I going to live and what am I going to eat?
Fill in chart for all 3 jobs
Make sure you are using $$ figures from our area and tax rates from Alabama

8. Annual Spending (Living Expenses)
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)
$36,000
Less income taxes, Social Security, & Medicare -$
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 TV
Find out how much cable is for a year? List the website or ad that you found your amount from.
$600
Cell Phone Find out how much for a cell phone a year?
List the website or ad that you found your amount from.
Don’t forget to attach the ad!

9. Part 2: Creating a Budget—where am I going to live and what am I going to eat?
Step 2: Answer reflection questions

10. Part 3: Create a Savings Plan—getting what I want! 100 points total
Step 1: Answer questions about a savings plan

11. Part 4: Credit Cards & More—understanding the fine print! 100 points
Step 1: Answer questions about credit and credit cards

12. Part 4: Credit Cards & More—understanding the fine print!
Step 2: Finding a credit card
Go online and find 3 different credit cards.
They must be from three different banks/providers
Note the cards interest rates, late fees, annual fees, and fees for cash advances
ANSWER THE QUESTIONS BELOW THE CHART

13. Annual Percentage Rate (APR)
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.

14. Part 4: Credit Cards & More—understanding the fine print! 100 points
Step 3: Credit Scavenger Hunt :
Find the answers/definitions to the questions/terms