Skip navigation
Home > Instructors > Topics & Resources > Business and Entrepreneurship

Back

GoVenture Simulation Tip: Personal Finance

Added by
GoVentureContributor7055
Nov 6, 2009 14:32 EDT

Average Rating: (0 ratings)

Rate and/or Comment on this resource

Post a full review of this resource

See reviews in sidebar

Description

GoVenture Personal Finance is a comprehensive and highly realistic simulation. Similar to the "game of life" it allows you to get a job and use your salary to pay bills, buy cars, houses, and more. You can get married, have children, invest your money, and even gamble on the lottery!

As detailed as the full simulation is, there are several introductory exercises to get you started. These include the Life Plan, Net Worth, and Cash Flow exercises. These simple and visual activities help students learn by doing. The Life Plan allows them to consider and visually identify their life's financial goals and the money it will take to achieve them. The Net Worth activity allows them to enter their assets and liabilities to see if they are positive or negative. The Cash Flow activity allows them to enter all of their income sources and expenses in summary or detail format.

The program also includes average salaries for many jobs and average expenses for many common items providing students with a real-world perspective of money management.

Related Files

-none-

Details

GoVenture Personal Finance is a comprehensive and highly realistic simulation. Similar to the "game of life" it allows you to get a job and use your salary to pay bills, buy cars, houses, and more.

Relevant Subject and Topic
Business and Entrepreneurship, Career and Life Skills, Personal Finance and Investment, Math, Economics, Other, Personal Finance

Types
Simulation

Features
Informative, Educational, Experiential, Competitive, Tool to Use, Highly Interactive, For Individuals

Format
Software Application

Copyright Owner
GoVenture

Most Suitable For Use By
Instructors, Facilitators, Parents, Learners, Entrepreneurs, Policy Makers

Age Appropriateness
Adult(19+)
Youth(12-18)

Grade Appropriateness
Middle School, High School, Postsecondary, Graduate, Adult General

Geographic Suitability
All or Non-Specific

Language
English

Education Standards Maps

Version History

Date Edited
Notes
Nov 6, 2009 14:32 EDT
kt

Comments

Rate Comment