This project started off with us learning about investing and stocks. To help us better understand investing as a class we joined a paper trade, where we had 10,000 dollars, nad then we would get to invest how we would want to. I really enjoyed this, as it gave us a really solid way to learn about investing without any risk. Sadly due to the events at the time almost everyone ended up in debt, which was also a good lesson that investing can hurt, even if you research and pick well. It was quite ironic because once investopedia wrapped up the person who won ended up not being able to log in the entire time, so they just sat at 10,000 dollars. Investopedia kept going on, and then we started to learn about credit cards. I believe that this was one of the most important and valuable things that we learned about, due to the fact that most people will end up with a credit card, because they are very powerful if you use them well. To further learn about credit cards we had to research to fill out this sheet

In this sheet we would learn about the dangers of credit cards, their benefits and the different types of rewards like cash back or travel miles. One of my favourite cards that I learned about was called the wealthsimple card. The point behind it is that it is a prepaid card, that earns rewards that are directly linked to an investment account. Since it is a prepaid card there is no worry about gaining debt, with the increase of rewards put into an investment portfolio. Another really powerful keystone we did was both the University planner, but also the used car game. The university planner was a numbers document that we had to fill out with how much money would we owe for housing/tuition, travel costs, and other expenses. Then we would have to find out how many other factors there would be. I found this quite eye opening as to the actual price of University, and how much the other fees actually cost. Then we did our used car game. The point of this game is to talk about the reality of how expensive things really are. We would have 5 minutes to find a used car in our budget ( which was randomly generated. Then we would have a “daily” event, for example you might have an American car from before 2004, meaning that you would have to pay 300 dollars to fix the AC. Then you would have to hope that you would not go into debt

https://chairs-grab-ftd.craft.me/wLXNYOnuLNN2Sk

In conclusion I believe that this was a great project, because it set us up for our futures, but also let us learn from our own “mistakes” before we make real ones. We were able to find the true cost of post secondary schooling, and we got hit with the hard reality of unplanned costs in the car game, showing that you will need a lot more wiggle room than you think