Greenwood Municipal shared the Reality of Money with 6 students from GLEAMNS CADETS Summer Program. The fun, interactive event gave the students a glimpse of the real-life financial choices they’ll be making in the years to come.
The Reality of Money is an interactive financial education simulation designed for students in grades 8 — 12. Students learn, as they participate, about the impact their choices make in their budget and lifestyle, as they are “transformed” into wage earning, bill paying and financially independent young adults.
The Reality of Money participants each received job and income profiles prior to the beginning of the exercise. Each student then visited a series of booths that simulate real-life spending decisions, including housing, transportation, food, entertainment and healthcare insurance. In addition, a special “stuff happens” booth included a series of everyday, random situations adults may encounter, including traffic tickets, an unexpected medical expense, or even an unexpected monetary gift from a relative.
The objective of the exercise is to teach students about the importance of budgeting and making good life choices. There’s another lesson that even parents can appreciate: many students report a greater appreciation of the struggles their parents face each day.
The Reality of Money event demonstrates Greenwood Municipal’s commitment to the community, and to providing a worthwhile financial lesson to future generations.
Submitted by Samantha Byrd