South Students Step Into Real-Life Budgeting Simulation

Nearly 60 community volunteers from 34 local businesses and organizations volunteered their time at South High to run a personal finance event for 11th-grade students. During this simulation, students experienced a snapshot of their financial lives at age 25. The event aimed to provide students a real-life perspective on whether their chosen career path will allow them to maintain the lifestyle they desire and while also helping them better understand the financial decisions adults face.

Before the simulation, students completed a career inventory to help them identify potential future careers. Each student was assigned a monthly salary equivalent to the entry-level salary for their chosen career. Additionally, students made choices about their personal lives, such as if they would get married, have children, and own a pet.

Throughout the event, students make real-life decisions regarding housing, purchasing a vehicle, buying insurance, paying student loans, and entertainment. Students also had to navigate unexpected financial circumstances. By the end of the simulation, students were required to have a balanced bank account with no more than $150 remaining.

Participation in this simulation enhances the financial literacy of our students, equipping them to make informed financial decisions in their life endeavors.

Thank you to Kohler Credit Union for sponsoring this event and to all community volunteers who made this annual event a success!