Ask the students in your class how much they think they are worth and write the amounts on the board.
When all students have stated how much they think they are worth, ask them how much they think they cost and write the amounts on the board.
When all students have stated how much they are worth, tell them that they are going to determine as close as possible the exact amount of what they actually cost.
For homework, have each student must determine what was bought for them this school year, but not how much the items cost.
The following questions can help students in this process:
Did you get new clothes for school this year? If so, what specifically. How many pants? How many shirts? Did you get new underwear, shoes or socks?
For one week, keep of list of everything you eat.
What school supplies were bought for you? Don’t forget to include computers and computer equipment.
What personal hygiene products were bought for you (even those you share with others? ) Make sure to include dish soap, laundry detergent, tooth paste etc.
What about extra curricular expenses? Did you need a new pair of cleats for soccer?
What about pleasure items such as video games, television, cell phones, etc.?
During the next week, take the students to a computer lab or have them research on their own the cost of the items on their lists.
Once costs have been determined, students must divide and multiply where appropriate. For example, any items shared by family members should be divided by the number or people in the class and multiplied by the approximate number of times the item must be bought over the course of a school year.
When all students have determined their cost for a school year have them add $15,000 divided by the number of family members for housing and travel.
To complete the project determine the range of costs for students in the class.