What is your car worth? How much do you owe? Individuals create their personal cash flow and balance sheets. They learn the difference between an asset and liability using their personal information to complete the activity.

Concepts

wealth, financial literacy, personal finance

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Additional Tags

math

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Instructional Ideas

• Begin by introducing vocabulary related to cash flow; require class members to categorize activity cards as assets and liabilities
• After practicing with the example, have classmates collect their own data to complete their sheets
• Can be incorporated in a consumer math class or as a high school algebra project

Classroom Considerations

• Requires Internet access and/or financial statements

Pros

• Uses real data to personalize learning
• All handouts, keys, rubric, and teacher notes are provided

Cons

• Younger learners may not have enough financial experiences to create a balance sheet

Common Core

MP2 MP4