Title: How Much Does It Cost?
Students will use an online mortgage calculator to determine the cost of financing a house over various lengths of time and at various interest rates. This lesson is excellent to include in a budgeting unit.
Standard(s): [SS2010] CIV (7) 9: Apply principles of money management to the preparation of a personal budget that addresses housing, transportation, food, clothing, medical expenses, insurance, checking and savings accounts, loans, investments, credit, and comparison shopping.
Title: Tutorial on Credit
I paid how much? Web Address URL:
[SS2010] ECON (12) 2: Explain how rational decision making entails comparing additional costs of alternatives to additional benefits.Digital Tool Description: The interactive website provided by the U.S. Mint provides numerous lessons on personal finance for kids of all ages. This particular activity allows students to determine the cost of using credit.