This real-world opportunity is supported by the use of the iPads and online tools such as mortgage/loan calculators as well as a great website called My Kids Bank (www.mykidsbank.org) to keep track of their money online in a realistic way. Each student has his or her own login information to access a bank account and is responsible for making deposits and withdrawals online to track their money.
Ms. Blocks says that students are extremely mindful about keeping track of their money and entering the amounts correctly. They are also extremely competitive. They want to compare their balances with one another and are beginning to realize that sometimes you cannot afford that puppy or a huge house!
This lesson easily falls into Quad D on the Rigor and Relevance Framework. Students are required to analyze their budgets and prove that they can afford things, like houses, but they continuously have to evaluate and modify their budgets in order to make informed decisions. Next up, students will be buying cars and they can't wait!