Day 1 and 2: Overview activities
Day 3: Set a budget and do reflection on Edmodo
Day 4: Begin search for housing
Day 5: Finalize housing, including monthly payments, insurance, and utilities, do reflection
Day 6: Begin search for transportation
Day 7: Finalize transportation, including the monthly payments, insurance, and gas, do reflection
Day 8: Search for costs on groceries, child care, and personal care items. Do reflection
Day 9: Wrap up day
Living on a Budget
Students will research budgets and experience a simulation of living on a budget.
Students will share their reflections in Canvas.
Budget: financial tool to help you manage income and expenses
Net income: money made after taxes
Gross income: money before taxes are taken out
Principal: amount upon which interest is paid
Interest: money charged for using
Default: failture to pay a loan
Collateral: Security on a loan
Premium: amount of money you must pay on an insurance policy
Fixed expenses: expenses that don't vary in amount and are paid regularly
Flexible expenses: expenses that vary from month to month