Personal Finance- Renting a House

This webquest was designed to help students understand expenses and budgeting.  With a more advanced class, the teacher could have students research buying a house, finding mortgage rates, placing a down payment, and paying home owner's insurance.  

Standards

Liberty University Standards

Foundations of Business
Finance: demonstrates knowledge and skills in money management, record keeping, and banking needed for sound financial decision making and demonstrates understanding of economics, insurance, credit, and other related topics


Virginia Business Education- Personal Finance Standards of Learning
(http://www.doe.virginia.gov/testing/sol/standards_docs/economics_personal_finance/economics_personal_finance_sol.pdf)

EPF.11 The student will demonstrate knowledge of planning for living and leisure expenses by
b) comparing the advantages and disadvantages of renting vs. purchasing a home;
c) describing the process of renting housing;
e) calculating the cost of utilities, services, maintenance, and other housing expenses; and
f) evaluating discretionary spending decisions.

EPF.17 The student will demonstrate knowledge of personal financial planning by
d) developing a personal budget;

Credits

This webquest was built for my EDUC 535 class at Liberty University. I am not yet a teacher, but hopefully one day I will be able to use this in my class.

All images were found through Google image search and are public domain.