Let’s+Play!


 * Let's Play! **

Now that you have laid the groundwork its time to begin the shopping and budgeting.

1. Using your hourly salary from your career choice now calculate your monthly salary and add to the budget spreadsheet.

2. Pull a family card to decide the size of your family. Add the family details to the budget. Move from line #16 on down through the expenses until reaching ‘Optional Expense’.

__**HOUSE **__

3. The house: Using the website below determine the total possible purchase cost of the house. Complete this form to help determine the price of your dream home.



Calculate total cost of house

4. Time for the shopping: using the website buy a house in your price range. Be sure to stay in the correct city, number of bedrooms, baths, etc.

 Buy a house

5. Let’s go back and calculate the exact monthly cost of your chosen house.  Calculate the house cost

6. Create a 'House' document with the photo of your house and the details of the house.

Housing Document requirements:



Sample of housing document 

__**<span style="font-family: 'Comic Sans MS',cursive; font-size: 110%;">CAR **__

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">7. Let's explore purchasing a car. Go to this website and find a car. Buy a car

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">8. Now let's find out how much it will cost you each month. Go to this web site and follow the steps below to figure the monthly cost of the car. Calculate the monthly cost of car <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">......a. Loan amount = Cost of car <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">......b. Loan term = 5 years <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">......c. Interest rate = 5

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">Can you afford this car? Look at your budget and decide. Take the 'monthly payments' and see if this amount fits into your budget.

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">9. Let’s go back and buy a car that fits into your budget. Using the attached form insert the cost of the car. Move on down the sheet doing the calculations. When you are done you will have the total monthly cost of the car which includes insurance, repairs, and gas. <span style="font-family: Comic Sans MS,cursive;">

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">10. Create a car document. See the requirements below.

__**<span style="font-family: 'Comic Sans MS',cursive;">OPTIONAL EXPENSES **__

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">11. Go back to your budget and complete the 'optional expenses'. You can use online shopping site to make your selections.

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">12. Look at the bottom line: Balances. Remember that the final number should be zero.

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">13. If there is a final number higher than zero you must go back and 'cut' your expenses. <span style="color: #ffffff; font-family: 'Comic Sans MS',cursive; font-size: 120%;">....... <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">a. buy a cheaper car <span style="color: #ffffff; font-family: 'Comic Sans MS',cursive; font-size: 120%;">....... <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">b. buy a cheaper house <span style="color: #ffffff; font-family: 'Comic Sans MS',cursive; font-size: 120%;">....... <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">c. lower your 'optional expenses'