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Full Lesson Plan and Materials (PDF)
Interactive Internet Game Activity
Jesse is beginning to see that he wants time to do the things
he enjoys, but he is too busy working at his ice cream stand.
He sees Reno earn his money just by taking care of his gumball
machines, and that doesn't take much time. Jesse is now seeing
that he is ready to move out of the Rat Race and onto the Fast
Track.
Learning Objectives
· Solve basic math problems
· Understand the effect of liabilities and expenses on
income
· Apply the concepts taught through the financial transactions
to being in the Rat Race or on the Fast Track.
Assessments
Students will: (1) analyze financial transactions for its effect
on income statements and balance sheets, (2) perform basic math
calculations, and (3) evaluate the activity concepts and financial
transactions to determine a future in the Rat Race or on the
Fast Track.
Classroom Activities
Rat Race or Fast Track - As a class, work through the overview.
Several concepts you will need to make sure that students understand
are: Rat Race, Fast Track, and the balance sheets that are shown
for Jesse in the Rat Race and Fast Track. It is important for
students to understand the concept of making money work for
them.
Building Jesse's Assets - Before you begin play, review the
outcome and instructions that students will encounter when they
roll the die. Students will be able to play the game independently
if they understand these instructions as they relate to the
outcomes. The roll of the die simply tells students what will
happen on their turn. They must then make the entries on their
Player Card. (A good eraser is a must!) As students take their
turn, emphasize the importance of an auditor and taking a look
at how a particular outcome will effect a person's income statement
and balance sheet.
Some points of importance that students should discover as they
move through the game are: (1) In this game, your paycheck is
what is left after you pay your expenses. (2) A person cannot
make it to the Fast Track until his/her passive income (income
from investments) is equal to or exceeds your total expenses.
This is making your money work for you.
Class Discussion Questions
1. What items have you purchased in the past 6 months?
Where would you list these items on a balance sheet - under
assets or liabilities?
2. Let's say you receive $20 each week by doing odd jobs for
other people. How could
you invest this money and still have some for fun?
Calculate what you think your balance sheet would look like
after 8 weeks?
Are your investments starting to pay off?
(Charts and activity sheets continue in the downloadable PDF
file above.)