So, You Want to Buy a Car? A Financial Literacy Class
What's included
1 live meeting
55 mins in-class hoursClass Experience
In this financial literacy class, students will start the class by choosing a fictitious job and a car they would like to purchase. Once they determine their monthly income and the price of their car, students will look over different simple interest loan options and choose one. Students will then calculate the interest of their car as well as the monthly payment. Because the monthly car payment is not the only expense associated with owning a car, students will also be asked to research what the monthly insurance payments will be as well as calculate the monthly costs for gas. This activity will show students how the cost of owning a car compares to their monthly income (and whether they need to search for a cheaper car to fit their budget). At the end of the class students will also write up a short persuasive argument to convince their parent/guardian why they should be able to purchase the car. Students will record their calculations and persuasive argument in a Google Slides presentation that I will share with them at the beginning of class. I have designed this activity so that I can successfully guide students through the financial aspects of owning a car while still allowing them to personalize the assignment for their car needs.
Learning Goals
Students will build their financial literacy by calculating the costs associated with buying their first car.
Other Details
External Resources
Learners will not need to use any apps or websites beyond the standard Outschool tools.
Reviews
Live One-Time Class
$15
per classMeets once
55 min
Completed by 4 learners
Live video meetings
Ages: 13-18
1-6 learners per class