By Jeff Potash and John Heinbokel
Nathan Walker, Illustrator
Creative Learning Exchange, Publisher ©2011
Dollars and Sense and the accompanying CD present a set of materials that challenge students in grades 5-7 to use Systems Thinking and computer simulations to develop a realistic understanding of personal finance. Each of the seven lessons begins with an open-ended question or challenge involving a STELLA simulation to manage different and important aspects of personal finances. The higher the lesson number, the harder the challenge.
About the Lessons
- Lesson 1: Can I Manage My Money and My Music?
Test different saving and spending plans to satisfy personal music needs without running out of money!
- Lesson 2: Can I Reach a Personal Saving and Spending Goal?
Test different saving and spending plans for achieving a personal financial goal within two years.
- Lesson 3: Can I Make Money with a Lemonade Stand?
Explore the real-world challenges of running a business.
- Lesson 4: Can I Successfully Run the Local Food Bank?
Explore options for managing a non-profit organization whose goal is to maximize the good it does for the community.
- Lesson 5: Can I Help a Responsible Teen Buy a Car?
Balance the trade-off decisions of working and spending to develop a plan for buying a car.
- Lesson 6: How Does Interest Grow My Savings?
Understand the potential power of compound interest in shaping personal finances.
- Lesson 7: Can Compound Interest Make Me a Millionaire?
Using the concepts in earlier lessons, find out how an average person can save $1 million over the course of their working lives.
The CD that accompanies this book contains the following:
- Interactive STELLA simulations associated with each lesson
- Student worksheets
- Core STELLA models for exploring or adapting further
- STELLA software (save-disabled)