Filling out your own worksheet

Savings are a private matter, so students may want to fill out this worksheet at home and create an invented set of assets to use in class.

Extension activity
If students would like more practice with the worksheet, make up one or two more examples. You might make up an imaginary family in your area.

Fill in the worksheet and come up with practice questions using the list on the previous page as a guide.

Improving your finances
Ask students to write about how they might improve their finances in order to be able to afford a house. Some possible responses are

• get a job,
• get a job that pays more,
• get a second job,
• continue your education,
• complete a vocational training program,
• move in with a family member,
• cut down on expenses,
• set up a regular savings plan, and
• sell items you have of value.

Point out to students that home ownership may require setting a goal and working toward it for several years.