Basic Life Choices Made Deliberately

TITLE: Basic Life Choices Made Deliberately

LEARNING OUTCOMES:
By the end of Theme 2, you will have been exposed to the following topics, which will aid
in your studies for this project:
• Budget, Manage Expenses (4A)
• Calculate simple and compound interest, Comparing APR and APY (4B)
• Using savings for future use, and recognizing types of investments (4C)
• Calculating Loans and Mortgages, Understanding Credit Card Bills (4D)
• You may use the four step problem solving process to solve problems
– Step 1: Understand the problem
– Step 2: Devise a strategy
– Step 3: Carry out your strategy and revise if necessary
– Step 4: Look back to check, interpret and explain
SCENARIO PROVIDED:
You will be provided with a “life scenario” in Webcampus-Canvas that has information for
your person such as:
• Family Size (including whether your spouse works, number of children and age)
• Annual Gross Income (with work location for you and spouse, if applicable)
• Employment benefits
• Credit Score
• How much money you