Tuesday, May 7, 2013

Assignments for Tuesday, May 7

Finance Park Book: 
#17 - Lucky Chance!
Today we drew Lucky Chances in class.  This should be listed as assignment #16 on your assignment sheet and include the page number where you put your lucky chance sticker.  Obviously this assignment will be completed at different times and different places for all of you, so PLEASE check off your lucky chance assignment when you have it completed.
*You are graded on being able to follow the directions on your sticker completely and accurately.

#18 - Home Buyer pg 99 (or Renter pg 100)
FIRST - fill out the purple worksheet to determine the house you can afford.  I recommend checking this with Mo before you begin looking for a house.  You will eventually hand this worksheet in.
The directions are ON the pages for completing this assignment. 
*Write your minimum and maximum for your monthly housing payment at the top of the page.
*You must buy (or rent) a house that fits your situation; children must have a separate bedroom from you, but they may share with each other.
*Your down payment (Line 2) is the amount of money you have saved up already to purchase your house.  This down payment amount is on page 99 and may now be different depending on your lucky chance sticker.
*Your house payment (line 5) is PER MONTH.  This is very different from the house you can afford to buy!  This is the amount that must fall between your minimum and maximum budget guidelines.
*Once you have bought a house, you will fill out page 99 (or page 100 if you rent). 
*You may not use the internet, only written advertisements and real estate magazines.
*You MUST glue your house advertisement ONTO page 99 (or 100 if you rent) in your book.
We will go over this completely in class again tomorrow when we're not so rushed, so don't let it keep you up tonight.

Tomorrow:  Unlucky Chance Stickers, Food Expenditures (page 109), and time to work in class!  Come prepared. 
Mo ;-)

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