April 21, 2023
Over 250 South High School juniors and at least 50 community volunteers filled the Redwing Gym on Thursday, April 20, for a personal finance event where students navigated through a snapshot of their financial lives at age 25. This experience was designed to give students a real-life look at whether their chosen job or career will afford them the lifestyle they desire and provide them a better understanding of the decisions adults face financially.
Prior to the simulation, students completed a career inventory based on their chosen job or career. Students also decided if they will get married, have children, and have a pet. For the financial simulation, students were given a monthly salary equal to the entry-level salary for their job or career. Students made real-life decisions regarding housing, purchasing a vehicle, buying insurance, paying student loans, and entertainment. Throughout the experience, students also had to deal with unexpected financial circumstances. By the end of the simulation, students must have a balanced bank account with no more than $150 remaining.
Participation in this simulation improves the financial literacy of our students so they are equipped to make informed financial decisions in their life endeavors.
April 21, 2023
Over 250 South High School juniors and at least 50 community volunteers filled the Redwing Gym on Thursday, April 20, for a personal finance event where students navigated through a snapshot of their financial lives at age 25. This experience was designed to give students a real-life look at whether their chosen job or career will afford them the lifestyle they desire and provide them a better understanding of the decisions adults face financially.
Prior to the simulation, students completed a career inventory based on their chosen job or career. Students also decided if they will get married, have children, and have a pet. For the financial simulation, students were given a monthly salary equal to the entry-level salary for their job or career. Students made real-life decisions regarding housing, purchasing a vehicle, buying insurance, paying student loans, and entertainment. Throughout the experience, students also had to deal with unexpected financial circumstances. By the end of the simulation, students must have a balanced bank account with no more than $150 remaining.
Participation in this simulation improves the financial literacy of our students so they are equipped to make informed financial decisions in their life endeavors.
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