A game evaluating trade-offs when making financial decisions
WALT: making decisions about how you spend or save your income.
Students learn that when they make a decision to save, spend, or invest their savings, there is usually a “trade-off ”: something they have to give up, sacrifice, or be willing to let go of in order to get what they want or need.
Create
- spreadsheet recording and showing yellow, red, and blue tokens when playing the game
NOTE: DO NOT USE TOKENS AS COUNTERS, instead record them creating a sheet
Learn
make decisions about how you spend or save your income.
Share
Update the link on the tracking sheet
A game evaluating trade-offs when making financial decisions
After the Game - Reflection
What strategies did you use to help you achieve your goal in this game? How did having a specific goal affect your decisions? People differ in their decisions, even though their choices might be the same. Why might this be?
Give an example of a sports star who appeals to you. What trade-offs do you think _____ has had to make in order to be successful at _____ ?
What trade-offs have you had to make in order to meet a goal or to do or buy something you really wanted? Tell us about your goal and trade-offs.
Challenge ... make a goal for something you like to do or buy. List the trade-offs you have to give up in order to do or buy it.
NOTE: Record the following in a document and share your thoughts and ideas
Debate
Does money make you happy? Is it possible to be unhappy if you have lots of money? Is it possible to be happy with not much money? Would you rather have lots of fun or lots of money?
NOTE: Record the following in a document and share your thoughts and ideas