Original Compass project by Davisville LabsReviewed August 2026Goal real work, evidence, and reflectionEditorial standards →
Why this project matters
Learn by doing something real.
Create a neutral model for a major household choice using goals, costs, risks, nonfinancial values, uncertainty, and scenario tradeoffs. This project feels different from a school assignment because the student serves a fictional or permission-safe family comparing a defined set of choices, creates something visible, tests it honestly, responds to feedback, and explains the decisions behind the final result.
What you will create
Your project plan
Use these deliverables as milestones for Build a Family Money Decision Tool. Adapt the details to your interests, available time, and real-world opportunities.
01
Financial evidence and assumptions ledger
Research decision scope, stakeholder goals, cash flow, total cost, opportunity cost, uncertainty, risk tolerance, nonfinancial benefits, and decision bias. Document the needs, constraints, credible sources, and perspectives of a fictional or permission-safe family comparing a defined set of choices.
02
Decision model and scenario plan
Turn the evidence into a focused plan for the family financial decision simulator, including success criteria, ethical boundaries, scope, and a realistic path to completion.
03
Working calculator or guide
Create the first complete version of the family financial decision simulator. Include a stakeholder goals map, assumptions ledger, comparison model, scenario controls, sensitivity analysis, discussion guide, and recommendation framework.
04
User test and sensitivity log
facilitate a fictional or permission-safe decision session and test whether participants can see which assumptions drive the result Record what happened, what failed, what users or reviewers said, and which changes you made.
05
Final financial case study
Publish the final family financial decision simulator with a portfolio-ready case study showing the challenge, evidence, process, revisions, results, limits, and next version.
Make the work stronger
What separates a finished project from a meaningful one?
For Build a Family Money Decision Tool, use these checkpoints to protect the quality of the work without turning the project into a performance for admissions.
Avoid this
Starting the family financial decision simulator before understanding a fictional or permission-safe family comparing a defined set of choices
Treating assumptions or internet opinions as real evidence
Choosing a scope too large to test and finish with care
Evidence that it is working
The audience and real problem are clearly defined
Research and evidence are documented
A working family financial decision simulator was created
If you want to go further
Test the work with at least five additional people from a fictional or permission-safe family comparing a defined set of choices
Interview a professional connected to Financial Planning and compare their advice with your approach
Can demonstrate initiative, curiosity, reflection, and growth through the student’s choices, response to setbacks, work with a fictional or permission-safe family comparing a defined set of choices, and development of Decision Modeling, Sensitivity Analysis, and Facilitation.
The goal of Build a Family Money Decision Tool is not to manufacture an impressive activity. Do real work, keep evidence of the process, and reflect honestly on what changed.
Build a Family Money Decision Tool is an original Compass educational starting point designed around real work, visible evidence, feedback, and reflection. It is not an admissions guarantee.