Professional Documents
Culture Documents
Student Template - Debt
Student Template - Debt
Designed by
Micky Huff
Mhuff@brenau.edu
Introduction | Task | Process | Evaluation |
Conclusion | Credits | Teacher Page
Intro
duct
ion
Congratulations !You are twenty-three
years old and you have just graduated from
college. Even though you have just
graduated from college, you have already
entered into the world of debt! The cost of
your college tuition has caused you to
accumulate $25,432.50 of debt because of
student loans and you have $8,600 dollars of
debt in credit cards. Not to mention that
you have a fiancé that wants to get married
as soon as possible, but he or she will not
marry someone that is in debt over
$160,000. Your fiancé also wants to marry
a person that has a car and owns his or her
own house. Now that you have graduated
from college, you are anxious to please your
fiancé and this will require you to be in even
more debt! You have also gained
employment and you are ready to buy your
first house and car! You have to buy a
house, and a car while not exceeding
$160,000 in debt.
Back to Top
T
a
s
k
You will design and create a budget that
allows you to pay off your debts, save
money to get married, and buy a house and a
car. You will show your budget as a circle
graph and you will write a one-page report
that describes your budget and your plan to
get out of debt. Your final product will be
displayed on a poster board that shows your
budget displayed as a circle graph, a one-
page report about your budget, and a picture
of your house and car.
Back to Top
T
h
e
P
r
o
c
e
s
s
T
o
t
a
l
D
e
b
t
_
_
_
_
_
_
_
_
Occu
pation
O
ccu
pati
on
___
___
___
___
___
___
___
N
et
Ear
nin
gs
per
mo
nth
Net
Earnings per month__________________
Go to
www.century21.com to search for a house
that fits into your budget plan.
Am
oun
t of
mo
nthl
y
mor
tga
ge
pay
me
nt
___
___
___
_
Pick out your car!
After you have picked your house and
determined the amount of your monthly
mortgage payment. Go to
www.traderonline.com to search for your
first car. Once you have found a car that
you like go to
www.habershamfcu.com/calculators/auto_lo
an/clc.html to calculate your monthly car
payment. When calculating the monthly car
payment, we will assume that it is a 48
month loan with a 5% interest rate.
Electric-$40.00
Water- $20.00
Gas- $50.00
Cable- $35.00
Gasoline- $300.00
Groceries-$375.00
T
i
m
e
f
o
r
a
b
u
d
g
e
t
!
Calculate the sum of your expenses per
month and make sure that your expenses do
not exceed 90% of your monthly net
income. You need to make sure that you
save 10% so that you can start paying off
your credit card debt and student loans.
Are
you ready to make the
final product?
9.Write a one -page paper that describes
your job, house, and car. Also give a
detailed account of your budget in your
paper.
Congratulations! You
now have a house, a
car, a happy fiancé,
and a plan to get out
of debt and manage
your money wisely!
Back to Top
Evaluation
(This is how you will be evaluated so please read carefully!)
Beginning Developing Accomplishe Exempla
1 2 d 4
3
The student More than 2 1-2 All of the All of the
has categories categories required required
formulated a that are to that are to categories categori
well- be shown in be shown in are shown are show
designed the budget the budget in the in the
budget that are are budget. The budget.
will allow missing. missing. student’s The
him to be The The debt does student’
financially student’s student’s not exceed debt doe
stable. debt does debt does $150,000. not exce
not exceed not exceed The student $150,000
$150,000. $150,000. has The stud
The student The student designated has at le
has has at least 10% 10% of h
designated designated of his or her or her
at least 1% at least 5% earnings to earnings
of his or her of his or her savings. designat
earnings to earnings to There are 1- as saving
savings. savings. 3 errors in All
There are 7- There are 4- the calculati
9 errors in 6 errors in calculations in the
the the in the budget a
calculations calculations budget. correct.
in the in the
budget. budget.
The student The paper The paper The paper is The pape
has written is less than is at least at least ¾ of is at leas
a one page ½ of a page ½ of a page a page in one page
paper that long. The in length. length. The length.
gives a student has The student student has student
detailed adequately has adequately describe
description described adequately described his or he
of the his or her described his or her budget i
budget that budget. his or her budget. detail.
is There are 6- budget. There are 3- There ar
grammatical 8 grammar There are 6- 5 grammar 2 gramm
ly correct. and spelling 8 grammar and spelling and spel
mistakes in and spelling mistakes in mistakes
the paper. mistakes in the paper. the pape
the paper.
The student The The The The
has student’s student’s student’s student’
produced a circle graph circle graph circle graph circle gra
circle graph is messy is neat and is neat and is neat,
that is easy and hard to easy to easy to easy to
to read, read. The read. The read. The read and
colorful and sum of the sum of the sum of the colorful.
gives an vectors in vectors in vectors in The sum
accurate the circle the circle the circle the vect
depiction of graph do graph do graph equal in the cir
the budget. not equal not equal 100%, and graph eq
100%, and 100%, and their size 100%, an
their size their size correlates their size
does not correlates with the correlate
correlate with the percent that with the
with the percent they show. percent
percent that they There are 1- that they
that they show. There 2 errors in show. Th
show. There are 3-4 the percent percents
are more errors in calculations. have als
than 4 the percent been
errors in calculations calculate
the percent . correctly
calculations
.
The student The The The The
has student’s student’s student’s student’
produced a final final final final
final product product is product is product is product
that shown on a shown on a shown on a shown o
accurately poster poster poster poster
portrays a board. It board. It board and it board. T
budget that does not gives a has a title. final
will allow give an vague It also product
them to be accurate picture of accurately colorful,
financially view of what a depicts a has a tit
stable. what a well depicts a well and
structured well- -structured accurate
budget structured budget that depicts a
should look budget that meets most well-
like. It meets only of the structure
does not some of the requirement budget t
meet the requiremen s of the meets al
requiremen ts of the assignment. the
ts of the assignment The requirem
assignment . The student’s ts of the
. The student has final project assignm
student at least 1 also shows a . The
does not picture of picture of student’
have a his house or his house final pro
picture of car on his and car. also sho
his house or poster a picture
car on his board. his hous
poster and car.
board.
Back to Top
Conclusi
on
After you have completed this lesson, you will
understand how positive and negative
numbers relate to real life. You will also be
able to use computation skills proficiently and
analyze data by looking at a circle graph. Both
of these skills relate to the GPS standards, and
this is also a meaningful activity that you will
remember when you think about buying a
house or car in the future.
Back to Top
Credi
ts and
Referen
ces
Clip art images came from the
Microsoft Office Online Clip art
gallery.
http://office.microsoft.comen-
us/clipart/FX101321031033.aspx?pid=
CL100570201033
Back to Top
Teach
er Page