Seniors Experience Real Money, Real World

While underclassmen completed required state testing last month, our seniors engaged in a financial literacy program entitled Real Money. Real World.  Molly Schmitt and Jacki Luckstead from Iowa State University Extension, students engaged in budgeting instruction that prepared them for future financial decisions.  Through four lessons, seniors learned about paycheck deductions, money management provided through institutions, how career choices and education level affect income, the expenses of maintaining a household, costs to raise a child, and how financial decisions affect spending opportunities.  After this preparation, thanks to ISU Extension and fourteen community volunteers, seniors engaged in a simulation where they made lifestyle and budget decisions as a 27 year old adult.  While some students completed the simulation with smiles and money left over, other seniors experienced time in a simulated jail after buying a car and not purchasing car insurance.