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Financial
Literacy:
The Lottery of
LifeMolly French,
Jacqueline Oligee,
Kelsey Fallon,
Madeline Van Benschoten
PlaySpent.org
Concept Map
Financial
Literacy
Example
We will present Week Two – Making a House Purchase Students already formed groups of two-four based
upon their preferences and teacher approval.
In week one students will have received their careers and salaries.
They will have input this information into their group’s Excel worksheet.
Students will have already completed a budget worksheet, and will have rationed their salary according to their income.
Purchasing a House
Monday Students will be given three
home prices
These three numbers will be just
above, right within, and just
below what each group can
afford
Groups must deliberate how
purchasing each house will
affect their finances
By the end of class each group
will turn in one purchase price
Purchasing a House
Tuesday Begin researching real
homes that fit the price that they chose the day before
Teacher will provide a Real Estate website
They will have to decide as a group qualities of a home they really want vs. need vs. can afford
Decide on 2-3 options and print these
Purchasing a House
Wednesday Students will have 20
minutes to decide on a final house to purchase.
Students must input their budgeting information into their spreadsheet.
Students will decide on a mortgage plan, and make any adjusts to their budget to account for this new expense.
Purchasing a House
Thursday Students will create a visual
poster
Each poster must display their three pricing options, their three choices of homes, and their final decisions
Students will prepare a presentation for Friday using this visual poster.
They must present in detail the process of decision making that they went through as well as a rationale for the house they chose to buy.
Each student will write their individual reflection.
Purchasing a House
Friday
On Friday, students will come in and hand in their individual reflections.
Each group will present their poster.
Students can offer feedback to each student presentation.
Thank you for your time!
