The Game of Life - Transportation

The First Steps of Planning Your Dream Life!

Within this e-Learning simulation, you will purchase your first car!!! (And everything that comes with it - insurance, registration, gas, etc). Your goal is to determine the monthly cost to purchase your vehicle.

Complete Each Section IN ORDER to determine your monthly cost of your vehicle.

There will be mini-quizzes along the way. Please draw on your prior knowledge to complete this assignment!

By the time you are finished, you will:


Please make sure you also sign up for our group on Edmodo, to further participate with other module participants and to ensure that you have another way access to all documents, and a place to submit them.

Group Code: 7p6z48



As you learned in Vault, Credit Is: A loan that a person uses to pay for things, but is expected to pay back. Your credit shows how responsible you are with money.

In this section, you will be able to determine an appropriate credit rating for yourself,  why you should have a high credit score, and what can help you obtain a high credit score.


Why is it Important to Build Good Credit: Your credit score shows how responsible you are with your money, and with the money you borrow to make purchases.

  1. Need to Build Credit to have your home or apartment hooked up to utilities – such as water, gas, electricity, cable, and internet.
  2. You need to have a good credit score in order to finance (be provided with money) large purchases, like a car, furniture, or a home.
  3. Employers check to see if you have good credit- remember, your credit score shows how responsible you are with money. If your score is high, it means you are responsible with money, and you’re likely to be a responsible candidate for employment.
  4. If you are looking to rent an apartment, you’ll need good credit- landlords typically will only rent to people with good credit, to ensure they are paid their rent every month on time.
  5. If you need a loan from a bank or credit union, you’ll need to have good credit. The bank or credit union will want to ensure you are responsible enough to pay back your loan. 


How Your Credit Score is Calculated:

For more information, go to

How To Get Good Credit At Your Age

  • Have your parent(s)/guardian(s) sign you up for a joint account credit card tied to their account
  • Only use a credit card for small purchases you know you can pay off.
  • Only make major expenses when it is an emergency
  • Pay off your balance every month
  • Always pay your bills on time
  • Do not apply for several credit cards at the same time
  • Do not cosign on a loan or credit card with friends
  • Get and KEEP a job
  • Have a checking and a savings account open at a bank or credit union
  • Make a budget every month, AND STICK TO IT

Common Scores Seen in the United States:

Advantages and Disadvantages of Using Credit

Advantages of Having Good Credit 

  • Using credit provides you with a record of your purchases
  • Being able to purchase needed or wanted goods and services using anticipated income

Disadvantages of Having a Poor Credit Score

  • You could be in financial trouble if your score is low
  • Overspending becomes very easy
  • Interest Payments become very high

Calculate Your Credit Score


Credit Quiz

Why is it important to have good credit?

Please list two of the five reasons previously discussed.

As credit scores decrease, why do interest rates go up?

If you purchase something with credit, do you pay for it over time?

  • You can pay it back over time.
  • You have to pay off your credit card immediately.

What are the advantages to having credit? What are the disadvantages of having credit?

  • Buying needed/wanted services& goods using anticipated income
  • Overspending becomes very easy.
  • Financial Trouble
  • Record of Purchases shows responsibility
  • Interest payments

Purchasing Your Dream Vehicle

You are facing your first major purchasing decision! You’re buying your first vehicle! In the attached word document, you will find all of necessary pieces for you to complete in order to figure out how much your dream car will cost monthly.

You have been provided with links to the manufacturers websites, but you are also encouraged to look online for other deals. The only requirement is that you spend over $10,000.00.

When buying a car, the following features of a vehicle may help you determine which car you will purchase. THERE IS NO WRONG ANSWER. 

As a consumer, you may look for the following features -
(Please click your top 5 requirements)

You have been provided with links to the manufacturers websites, but you are also encouraged to look online for other deals. The only requirement is that you spend over $10,000.00.

When buying a car, the following features may help you determine which car you will select. Click the pictures of the top 5 features that will influence your decision the most. 

Picking Your Dream Car

Now that you know what is important for you in the decision making process, use the Microsoft Word Document, and begin the process of choosing your car. In the document, you will find links to every major car company, the terms of your loan, how to calculate the sales tax of your vehicle, and the equation to help you determine the cost of the car monthly with interest. Be sure to spend over $10,000. 

When you are done, please go ahead and take the quiz!


Vehicle Quiz

Please provide 5 reasons why you selected this specific vehicle. Please use full sentences. You may use some of the examples provided, just be able to justify your answers with an explanation (why?)

Why does owning a car help your credit score?

  • It helps to build credit by demonstrating you're responsible enough to pay back your loan.
  • It doesn't help.
  • It helps to show you can buy things with money you haven't made yet.

Car Insurance

Why It's Important to Have Car Insurance

In this section, you will learn the importance of having car insurance, and what it will potentially cost to have insure your dream vehicle!

It isn’t legal to drive a vehicle without valid car insurance, but why is it really important to have?

Why is Having Car Insurance Important (Especially At Your Age)

  • It’s the Law to Have Car Insurance – if you do not have it, you can lose your driver’s license and be fined.
  • Your car is YOUR ASSET. You want to protect what you own.
  • If you get in an accident, and it’s your fault, the other person will always want to be paid for the damage, and insurance will cover that.
  • Cars get you to work, to school, and anywhere you want to go.
  • If you get into an accident and you do not have insurance, you’re responsible for paying for the damage.
  • If you’re in a major accident, your car insurance will cover the medical costs of those injured in the accident.
  • Protection from Mother Nature
  • If your Vehicle is Stolen or Vandalized, your insurance company will cover the damage
  • Car insurance provides you with legal protection. If you need to hire a lawyer as a result of being in an accident, your car insurance will cover the cost

Using the Word Document Below, calculate the cost of your car insurance. 




In this section, you will learn the difference between a fixed and a variable cost, and why it's important to budget

Gas is something that most cars need to run. It is also one of the most common expenses with a vehicle. But, it something that fluctuates (changes) in cost, every time you go to the pump. 

Why is this?
Gas prices change so often, that it is unlikely you will pay the same price consistently for gas, which means it can be challenging to budget for. 

Gas is considered a variable cost. A variable costs are are those that you may have from month to month, but not every month. Price of these services will vary. You may also have this variable cost every month, but it may be a different price from month to month. These might include maintenance, gas, oil changes, car washes, parking, tolls, and EZ Pass payments.

The other type of expenses are called fixed expenses. Fixed expenses or costs are those that do not fluctuate from month to month. They include such expenses as rent, mortgage, interest on a loan, license, registration, taxes, and insurance. 

Using the Microsoft Word Document below, calculate your potential cost for gas for a month.


Final Check In

What are the benefits to having car insurance? Please list at least three of the ten answers discussed previously. Please use full sentences.

Why is it important to budget for gas?

  • It's a variable cost, we still need it, but the cost changes frequently depending on it's cost, and how much we need.
  • It's a fixed cost, it will cost the same amount every time you fill up your car

Which Expenses are Variable expenses?

  • Oil Changes
  • Value and Depreciation of your Car each year
  • Annual Interest Loans
  • License Fees
  • Tires
  • Regular Maintenance and Repairs
  • Gas
  • Taxes
  • Annual Insurance Costs
  • Tolls and EZ Pass
  • Parking
  • Registration Fees

Final Activity

Using Microsoft Excel or Google Spreadsheets, prepare a monthly budget detailing your expenses for owning your own vehicle. Please include your payment with interest included monthly, your monthly insurance costs, and your monthly predicted gas expense. Please make sure to share your results in the Edmodo Group. 

What Did You Learn?

Now, having learned about your spending habits, what are some of your long term savings goals for the future?

Please remember, a long term savings goal is something that you save for, for a year or longer. 

What did you learn about your spending habits while buying a car?

Please fill in the question.