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Economics: Personal Finance Student Project

Students research a real job posting, an affordable car, health insurance, and monthly living costs to build a complete personal budget and reflect on credit.
Grades
Grades 9–11, High School, Middle School
File type
Multiple File Types
Editable
Yes

Updated Apr 12, 2023

Subject
Social Studies, Economics, Research
Topic
economics, personal finance
Resource types
Activities, Projects
Editable
Yes

About this resource

What's inside this resource

This resource is an Economics: Personal Finance Student Project.

In this 18 page product (Google and Traditional version provided) students will have everything they need to complete a research project on personal finance. While completing this project, students will develop an understanding of how much it really costs to live on their own and support themselves. They will find a job and then will plan a household budget based on that income/salary.

This budgeting activity will require students to: find a job they qualify for with a high school diploma OR college degree (based on their future plans), find a place to live, an automobile, car insurance, food, utilities etc. all within their budget. Students will also learn the pros and cons of credit and credit card use and will compare the features of 2 credit card offers. Lastly, students will write a written reflection of their overall budget and learning.

This project is very “hands-on” and forces students to really research the expenses applicable to running their own household. Several free public access video links are included, which will guide students in their research on finding a career, budgeting, and the basics of credit.

***Teacher Directions and Step-by-step student directions and worksheets are included.

**A GOOGLE and traditional version provided!

About: Learning is a Passion Store - I have taught 6th-12th grade during my 20 year teaching career. I prefer to use lessons in my teaching practice that allow my students to become facilitators and active participants in their own learning rather than merely an audience of "my show". I love to create hands- on, interactive activities that really engage my students in the learning process.

In the classroom

Teaching tips & learning objectives

Learning objectives

  • Research a real job posting and its starting salary to project a future income.

  • Calculate a monthly car payment and estimate a vehicle's average fuel cost.

  • Compare individual health-insurance plans and identify a chosen plan's cost and benefits.

Teaching tips

  • Book a computer lab or laptop cart for the full project, since nearly every section asks students to research live prices online.

  • Collect free print sources ahead of time — grocery store circulars, auto sales magazines, apartment finder booklets — as the teacher directions suggest, for students without reliable internet access at each station.

  • Have students assemble the finished project in a labeled binder or report cover with section tabs, following the project's own section checklist.

Skills covered

  • Real-world budgeting — students source live prices for housing, transportation, insurance, food, and discretionary items to build a full monthly budget.

  • Career and income research — students locate an actual job posting and its starting salary to project future income.

  • Consumer comparison shopping — students compare health-insurance plans and vehicle options against a fixed income constraint.

Good to know

Questions teachers ask about this resource

What outside research does the project require students to do?

Several sections send students to real sources — a job posting, a car marketplace site, an individual health-insurance quote, and grocery or housing circulars — so each budget line reflects an actual current price rather than an estimated figure.

How is the credit section handled?

Students complete a 'What is Credit?' worksheet and a 'My Credit' worksheet that asks for print-outs of two real credit offers, then work through a reflection worksheet afterward.

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Resource details

Concepts & topics

Core concepts

  • personal budgeting

  • needs vs. wants

  • credit literacy

  • career and income research

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