Students will have the opportunity to adjust a "years" slider to explore how the total costs of homeownership and renting change over different periods of stay. The activity first explains the pros and cons of both, and then clearly states that we can't have a direct comparison in real-life. The worksheet compares both options only in terms of the rent and the loan repayment.
This activity is designed to foster financial literacy and decision-making skills in students. By engaging in this hands-on exercise, students will gain a practical understanding of the financial implications associated with long-term housing decisions. They will discover that, in many cases, owning a home becomes a more financially favorable option for extended stays.
This worksheet is a classroom-ready interactive and dynamic worksheet that just needs a few clicks to assign to your classroom. The worksheet is auto-scored, teachers just need to open the real-time console and monitor the student progress.
The primary objectives are to teach students how to assess the total costs associated with homeownership and renting over different periods of stay and to understand the financial implications of long-term housing decisions.