Am I financially literate? Are you? Well this project was all about finance.
Finance
We did this activity about budgeting and how budgets cam be helpful. Our objective was to develop a monthly budget, differentiating between fixed and variable expenses. This exercise proved to be an effective method for acquiring budgeting and money management skills.
Moving on, we embarked on the activity centred around planning for our future careers. We engaged in thorough research on summer jobs (if we were interested in getting them) and set goals for the amount of money we wanted to save by the end of summer. Additionally, we explored the average costs associated with attending university and living costs. This experience provided us with a good understanding of our financial prospects for the upcoming future.
Stock Market Simulation
The highlight of this project was definitely the “Stock Market Challenge.” It was a competition within our class to see who could make the most money in a simulated stock market. We had two options: go for big, well earning stocks or focus on ethical investments. I decided to go ethical and really look into each of the companies I invested in. I am proud of my choices because I know that these companies have an overall positive impact on the world. You can see my reflections for all 5 weeks of this challenge here
This is what my stocks looked like at the end of the challenge ⬇️
Conclusion
So overall after this project I feel better equipped to handle my finances in the future. I am more confident that I will be knowledgeable in how to manage my money and not go broke.
As Always, Brooke