Buying a Home: Income vs. Monthly Payments

This Buying a Home: Income vs. Monthly Payments lesson plan also includes:

Purchasing a house takes more plan than elementary schoolers realize. Each buyer will look at monthly income to determine what they can afford for a mortgage and other expenses. 

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Instructional Ideas

  • Bring in a local house listing to compare how amenities increase the price
Classroom Considerations

  • House costs are low in the handout; adjust based on your location and average prices
Pros

  • An introduction into a topic they might never learn about 
  • Thorough lesson which includes all handouts and discussion prompts
Cons

  • None