High school project idea · Money & Financial Systems

Build a Family Money Decision Tool

Take one recurring family money debate and turn it into a transparent decision everyone can understand.

Create a neutral model for a major household choice using goals, costs, risks, nonfinancial values, uncertainty, and scenario tradeoffs.

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.

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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

Skills you can build

Capabilities that travel beyond this project.

Decision ModelingSensitivity AnalysisFacilitationFinancial LiteracyDecision Analysis

College application value

Use the project as evidence, not decoration.

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.

Financial LiteracyAnalytical ThinkingResponsibilityInitiativeCommunication

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.

How this guide was made

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.

Read editorial standards →
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