Grade 9-12
,
Activity
The Cost of Renting a Place to Live
Objective
Students will be able to:
- Identify the costs of renting a place to live.
Standard
National Standards in Financial Literacy
Spending
Standard: 2
- Students will understand that: A budget is a plan for allocating a person’s spendable income to necessary and desired goods and services. When there is sufficient money in their budget, people may decide to give money to others, save, or invest to achieve future goals. People can often improve their financial wellbeing by making well-informed spending decisions, which includes critical evaluation of price, quality, product information, and method of payment. Individual spending decisions may be influenced by financial constraints, personal preferences, unique needs, peers, and advertising.
Concepts
Students will explain the various costs associated with renting a place to live.
Resources
Procedure
This individual activity will require students to view a video and answer related questions. The cost of renting an apartment includes more than just rent. In this activity, you will examine all the costs to consider when looking for a place to live. To complete the activity, students should follow the instructions below:
- Watch the video True Cost of Renting a Place
- Answer the related questions in Quizizz activity, worksheet, or ReadyAssessments Activity.
- Discuss the answers with your class.