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This Buying a Home: Income vs. Monthly Payments lesson plan also includes:
Purchasing a house takes more plan than elementary schoolers realize. Each buyer will look at monthly income to determine what they can afford for a mortgage and other expenses.
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Instructional Ideas
- Bring in a local house listing to compare how amenities increase the price
Classroom Considerations
- House costs are low in the handout; adjust based on your location and average prices
Pros
- An introduction into a topic they might never learn about
- Thorough lesson which includes all handouts and discussion prompts
Cons
- None