Creating Your Dream Life on a Budget

Introduction

Welcome to Your Future!  High School Seniors, you are about to graduate!  You have a newfound freedom, but with freedom comes responsibility, especially when it comes to managing your money!  What do you envision your life looking like?  This WebQuest will take you on a journey of career exploration, salary negotiations, real-world expenses, and how to begin to budget for creating an emergency fund.  Let's see if your dream life is affordable for you!

Task

Your Job is to research and create a monthly budget based off of the salary from the career you selected, desired lifestyle, and living space/location.  Then build a Google slide or Canva slide to present your Dream Life!

  • Your career choice and salary (must show a dollar amount)

  • Where will you live and how much it costs (location and rent must be provided, amount coming in)

  • How you’ll budget for rent, transportation, groceries, entertainment, etc. (amount coming in - amount going out = left over money to possibly save)

  • What financial compromises did you have to make? (swapping one luxury for another)

Process

Step 1: Selecting a Career

Bureau of Labor Statistics Career Explorer

https://www.bls.gov/k12/students/careers/career-exploration.htm

My Next Move

https://www.mynextmove.org/

Glassdoor

https://www.glassdoor.com/index.htm

Choose a career that interests you and record the average entry-level salary.

Step 2: Choose Where You Will Live

Apartments.com

https://www.apartments.com/?gclid=31c9f0450d1914dd8ec297b15c741cec&gclsrc=3p.ds&msclkid=31c9f0450d1914dd8ec297b15c741cec&utm_source=bing&utm_medium=cpc&utm_campaign=APTS_B_NAT_Brand_Exact&utm_term=Apartments.com&utm_content=APTS_B_NAT_National_Brand_Exact

Cost of living comparison - Best Places.com

https://www.bestplaces.net/

Explore neighborhoods

https://www.google.com/maps/@39.2757248,-76.6050444,14z?entry=ttu&g_ep=EgoyMDI1MDQwMi4xIKXMDSoASAFQAw%3D%3D

Find and document all:

  • Rent price

  • Utilities

  • Transportation (public transit/car costs)

Step 3: Build Your Budget

Use the blank budget template to plug in your findings:



file:///C:/Users/Dynellia/OneDrive/Desktop/Budget%20Tracker%20Finance%20Planner%20(1).pdf

 

Evaluation

How Money Moves Project Grading Rubric

Students will be graded on all 3 assignments for a total of 100 points

In

Name: ________________________________ Date of Evaluation: __________________________

Mock Teaching

20 pts.

 

Clear Communication

Realistic

Accurate Research

 

 

Excellent

 

20 points

Good

 

15 points

Fair

 

11 Points

Needs Improvement

7 points

Total

Points

 

Categories

Excellent

Good

Fair

Needs Improvement

Total

Points

Booth Set-Up

30 pts.

 

Creativity

Well-designed Presentation

 

 

30 points

 

25 points

 

19 points

 

13 points

 

Categories

Excellent

Good

Fair

Needs Improvement

Total

Points

Feedback Paper

Categories

50 pts.

Reflection

Use of Resources

Budget Completion

 

50 points

 

45 points

 

39 points

 

23 points

 

Any items not turned in will result in a 0

 

 

 

 

Total Score

Feedback _________________________________________________________________________

Conclusion

In Conclusion answer these questions below in paragraph form

What surprised you?

Did your income cover your expenses?

Did you have to give something up?

How will budgeting help you achieve your long-term goals?

Students will type a 1-paragraph response here (students can use this as an introduction for their paper)

 

 

Teacher Page

Students will create a presentation including:

  • Career summary & salary

  • Budget breakdown

  • Housing & transportation choice

  • Savings & entertainment allocation

  • Reflection paragraph

Suggested Tools for Students:

  • Google Slides

  • Canva

Considerations for Diverse Learners:

  • Provide audio versions of all instructions

  • Offer text-to-speech and captioned video resources

  • Give extended time for ELL/IEP students

  • Allow multiple formats for final project (video, slides, poster)