In the words of a student, The Reality Store is where you calculate what you will earn with a certain education and see how you end up financially. This provides a fun and enjoyable way to learn about the financial world. " The Reality Store is where you calculate what you will earn with a certain education and see how you end up financially. This provides a fun and enjoyable way to learn about the financial world. "
Students will apply the decision- making, problem-solving, and management processes to develop a spending plan to meet established goals with a degree of accuracy.
The goal is to develop the knowledge and skills needed to use these processes in practical, real-life situations involving the use of money.
The Reality Store Store is a place where students pay bills after planning their budget for a level of income based on a predetermined level of education.
STANDARDS AND PERFORMANCE INDICATORS STANDARDS AND PERFORMANCE INDICATORS FAMILY AND CONSUMER SCIENCES (Spending Plan) CAREER DEVELOPMENT AND OCCUPATIONAL DEVELOPMENT (Education + Employment = Quality of Life) MATHEMATICS AND SOCIAL STUDIES (Consumer Math and Economics) ENGLISH LANGUAGE ARTS (Reflection)
Reality Store There are three parts to the Reality Store
I. Preparation: Activities designed to help students start thinking about their futures and the type of lifestyle they would like to have when they're in their mid- twenties.
Let's pretend you are 28 years old. What would be your answers to these questions? Are you married or single? If you are married, does your spouse work? How many children do you have? What are their ages? How many are under 5 and in day care?
Or…do you rent or own your dwelling? Do you have a new or a used car? Did you go to college?
III. Follow-up discussions Reality Store Reality Store As students finish their trip through the Reality Store, they complete an evaluation form which asks them to reflect on the activity. Follow up discussions encourage students to share their thoughts and reactions and compare their experiences in the Reality Store with how they envisioned their future.
Each teen is given a fake checkbook register with one month's salary on deposit, plus a $500 savings account to spend or save
"When I first started to do the checkbook thing, I thought it was a waste if time, but once I learned how hard it was to do all that stuff, I realized why they were teaching it." (Jerry) "I learned I need to take care of bills before I spend all my money on luxuries." (Shane)
A roll of the dice decides the marital status of each student and the number of children.
Participants are given a monthly salary for an occupation of their choosing.
They visit stations and deduct expenses based on the choices they make.
"The thing that surprised me the most was all of the insurance." (Mario) "My daughter cost me a tons of money, my hand hurts from writing checks, and my budget is not balancing." (Danielle)
How do we assess student work? Rubric Reflection essay Properly submitted forms: Profile, Budget Plan, Check, Evaluation, Essay
Rubric 4EXPERIENCED REALITY 3PRETENDED REALITY 2UNREALISTIC 1 OUT OF TOUCH WITH REALITY
Dimensions of Rubric * Decision Making * Mathematics * Check Writing * Filling out forms * Evaluation * Reflection
Reality Store Reality Store Reflection Questions Did your budget give you the quality of life you wanted? Would you make different choices if you visited again? What did you learn about career choices that you will use in planning your future?