Case 19 of 20 ยท Financial & Real Life Thinking
Simulationbeginnerโญ 30 XP๐ฐ Money IslandBusiness Simulation: Lemonade Stand
๐ซ You and your friend disagree about something.
๐ฏ Your mission
Play the role, make the call.
โก The twist
Cheapest now isn't cheapest over time.
What You'll Learn
Key Concept: Running a virtual business
Think About This
๐ซ You and your friend disagree about something. How can running a virtual business help you figure out who's right โ or if you're BOTH a little right?
Thinking Steps
๐ What Do I See?
Look at the problem about running a virtual business. What do you notice?
๐ค What Do I Know?
What do you already know that could help? Have you seen something like this before?
๐ก What's My Idea?
Think of an answer. Can you think of a second one too?
โญ What Did I Learn?
Check your answer. Was it right? What did you figure out? Tell someone!
Key Points
Master running a virtual business
Apply financial & real life thinking in real situations
Build habits of financial & real life thinking
Key Vocabulary
Want
Something you'd like but don't need
Need
Something you must have
Why This Matters in Real Life
When you choose to save your allowance for something bigger instead of buying candy now, you're practicing smart money thinking!
Talk About It
Discuss these questions with a friend, parent, or classmate.
- 1Can you explain running a virtual business to a friend using your own words?
- 2What was the most interesting thing you learned today?
- 3Draw a picture of what you learned and show it to someone!
Solve the Case
Case 1
1 of 3What is the main idea of running a virtual business?
Stretch Challenge
Try this in real life this week.
Before your next small purchase, wait 24 hours. Still want it?
For the dinner table
โWhat would you do with $10 you had to spend today?โ
Next Smart Case
We'll pick a case that matches exactly how well you're thinking right now.
Challenge a friend
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