5.PF.10

Squirrel Finance Shop

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Game Info for Teachers

COMBINED RATING

3.7 Stars

TEACHERS (3)

3.7

STUDENTS (454)

3.7

LENGTH

17 Minutes

GRADES

CAPABILITIES

iPad Support

Spanish Language Support

Text-to-Speech Support

Saves Progress

Description

In Squirrel Shop Adventure, you step into the shoes of a budding shop owner striving for success in the world of retail. Your mission? To manage a quaint little seed shop for a whole year, consisting of 52 challenging weeks. Your ultimate goal is to become the esteemed 'Best Store Manager.' With a modest initial budget of $100, you'll need to make savvy business decisions, from purchasing seeds to setting their prices, and even managing your shop's marketing expenses. Your success hinges on keeping your finances in check, satisfying the demands of eager customers. As the seasons change, so does the demand for different seeds. It's your job to adapt, providing customers with the seeds they desire while ensuring your inventory remains well-stocked. But remember, managing your budget wisely is crucial. Maintain revenue higher than your expenses, and you'll inch closer to victory. But beware, customer patience is finite, and if too many are left waiting, your dreams of success may wither away. Are you up for the challenge? Step into Squirrel Shop Adventure and embark on a journey of entrepreneurship and strategy, where every decision you make determines the fate of your little seed shop.

Vocabulary Words

revenue

expenses

gross income

income tax

net income

profit

inventory

budget

marketing

balanced budget

Instructions

Play through this interactive game to learn about 5th Grade Personal Financial Literacy. Suitable for Grade 3, Grade 4, Grade 5.

Main Concepts

Balance a simple budget.

Describe actions that might be taken to balance a budget when expenses exceed income.

Develop a system for keeping and using financial records.

Explain the difference between gross income and net income.

Define income tax, payroll tax, sales tax, and property tax.

Discussion Questions

Before the Game

What are some things that business owners need before they begin a business? What types of businesses can benefit a community? What is the difference between revenue and expenses? What are three characteristics of a successful business?

After the Game

What expenses did you have to pay when running the flower shop? What is the difference between gross income and net income? What are the benefits and drawbacks of having a large inventory? How do you calculate the total price with sales tax for a customer? What things did you learn about running a successful business that you did not think about before playing the game?