Experiencing Paycheck-to-Paycheck Living: Key Lessons Learned
School
Brooke Point High**We aren't endorsed by this school
Course
BIOLOGY HHJ
Subject
Economics
Date
Dec 12, 2024
Pages
2
Uploaded by DeaconPonyPerson1325
Name: ____________________________Directions:Visit the link below to experience what it is like living paycheck-to-paycheck. You will bemaking economic decisions, along with budgeting your monthly income.www.playspent.orgDuring your PlaySpent experience, please answer the following questions about your decisionmaking. Be sure to reflect on your overall experience by answering each question below:1.The first decision you make involves your choice of employment. Which job did you choose?Why?warehouse2.What will be your take-home pay per month? What is the difference between your gross pay andyour take-home pay? What is another name for take-home pay?$1,224, and gross pay is before taxes.3.Where did you decide to live? What is the relationship between rent costs and travel costs asyou move farther away from the city?4.I moved farther away the rent price was lower the farther i moved away but transportation wasmore expensive5.List several decisions that were particularly hard for you to make. (Think about times you had tosay “No” because you were short on cash.1 for the field trip2.college3. going to court for speeding6.Did you make it through the entire month? If not, what day did you run out of money?day 177.How would you play the game if you had another opportunity? Explain what you would dodifferently.probably save more money so it wouldn't be such a hassle to get the thing i want.
Name: ____________________________8.What THREE lessons did you learn from playing the game that you can apply to your life?1. save money2. you can still buy the things you want3. having connections can be useful