The Game of Life

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The Game of LifeMy Personal Economic Plan

• Semester Project

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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 January!
• Your project must be bound and typed when you
  turn it in!
• You must write in complete sentences!
• Late projects will receive half credit!

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6 Parts to the Project!

• Part 1 Finding a Jobis college worth it? Due
  in Sept
• Part 2 Creating a Budgetwhere am I going to
  live and what am I going to eat? Due in October
• Part 3 Create a Savings Plangetting what I
  want! Due late in October
• Part 4 Credit Cards Moreunderstanding the
  fine print! Due in November
• Part 5 Stock Market
• Part 6 Paying TaxesUncle Sam wants his cut.
  Completed in class in December

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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

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Part 1 Finding a Jobis college worth it? (100
points)

• Step 1 Read and answer questions

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Part 1 Finding a Jobis 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.

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Part 1 Finding a Jobis college worth it?

• Step 3 Finding a college or trade school (45
  points)
• Visit the College and Career Center at DHS 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.

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Part 2 Creating a Budgetwhere am I going to
live and what am I going to eat?
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SAMPLE of the CHART EXAMPLE Job 1no college or experience needed Job 2Bachelors Degree needed Job 3Dream 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) Annual Spending (Living Expenses) Annual Spending (Living Expenses) Annual Spending (Living Expenses) 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 www.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. 600 www.source.com
Dont forget to attach the ad!
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Part 2 Creating a Budgetwhere 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.

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Part 3 Create a Savings Plangetting what I
want! 100 points total

• Step 1 Answer questions about a savings plan

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Part 3 Create a Savings Plangetting what I
want! 100 points totalDUE WED 10/29

• Step 2 Interviewing 5 adults (75 points)
• Survey 5 adults about their savings plansInclude
  your results in your final report (25 points).
• Type up a 1-2 page response to your findings from
  your interviews. (50 points).

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Part 4 Credit Cards Moreunderstanding the
fine print! 100 points

• Step 1 Answer questions about credit and
  credit cards

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Part 4 Credit Cards Moreunderstanding the
fine print! 100 points

• Step 2 Finding a credit card (35 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

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(No Transcript)
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Part 4 Credit Cards Moreunderstanding the
fine print! 100 points

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• Step 3 Credit Scavenger Hunt (50 points)
• Find the answers/definitions to the
  questions/terms

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Part 5 Playing the Stock Marketis it gambling
or investing?

• Step 1 Read and answer questions
• After reading the article, what is your
  investment strategy?

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Part 5 Playing the Stock Marketis it gambling
or investing?

• Step 2 Darts or Analysts (40 points)
• Play the stock market
• Fill in your 2 charts
• Write up a review

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Part 5 Playing the Stock Marketis it gambling
or investing?

• Step 3 Type up a 1-2 page response to your
  findings from your stock market simulation.

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Part 6 Paying TaxesUncle 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

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Entire Project Due

• Each part is due on the date listed. If you do
  not have that part on the due dateyou will only
  be eligible for ½ credit on that portion (for the
  final grade)!!!
• You MUST bring your completed part on the due
  date!
• NOT A ROUGH DRAFT!!!!!!
• The entire project is due in the beginning of
  January!