My First Apartment

Will there be any money left over? Given occupations and a salary, roommates determine their monthly expenses to live together in an apartment. They calculate their take-home salaries and total monthly expenses to find out the amount of funds left over at the end of the month. To finish, they develop a portfolio with the details of each income and expenses—a great real-world lesson!

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Instructional Ideas

  • Extend the lesson by having pairs research salaries and expenses
  • Have each class develop a budget to include saving for retirement
Classroom Considerations

  • Each group needs access to the Internet and a printer
Pros

  • Contains an example rubric
  • Provides suggestions for extensions
Cons

  • Link to paystub is not available and data is out of date