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Each year, America’s high schools graduate thousands of young adults who are unprepared in matters of employment and financial decisions.
- OSU Extension professionals developed the Real Money, Real World curriculum that simulates real-life experiences to help make youth aware of the money management skills they need.
- The curriculum focuses on making students aware of the correlation between educational attainments and earning power.
- Real Money, Real World programs are designed to be a partnership of the county Extension Office, the school, and the business community.
- An active, hands-on experience, it gives young people the opportunity to make lifestyle and budget choices similar to those they will make as adults.
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The Lessons
Real Money, Real World is an active, hands-on experience that gives young people the opportunity to make lifestyle and budget choices similar to those they will make as adults. The curriculum is comprised of six lessons including:
1. How Occupation Affects Income;
2. Deductions-What You See is Not What You Get;
3. How to Use Checking and Savings Accounts;
4. Making Choices- Preparing for the Simulation;
5. Real Money, Real World Simulation; and
6. What Did You Learn?
Throughout the duration of the program, students assume the role of a 25-year-old adult who is the sole income provider for a family. They receive an occupation, monthly salary, and the number of children they are raising. Students learn to subtract savings, taxes, and health insurance amounts from their income. The amount of money left over is what they have to spend during the simulation activity. The simulation involves community volunteers who represent actual businesses in the community; these volunteers set up and staff booths representing real-life businesses. By visiting the appropriate booths, students spend their salaries on items typically found in a monthly budget including housing, utilities, groceries, insurance, childcare, and transportation. Throughout the activity, students keep track of their finances and attempt to complete the simulation with a positive balance. During the post-simulation lesson, students reflect on their experience and what they learned by completing a self-assessment. |
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The Resource Team
Nancy W. Hudson, CFCS
Extension Specialist, Family Finances
Wooster, OH 44691
phone: 330-263-3799 x 2831
cell: 330-715-5614
fax: 330-263-3667
Educator Resource Team
(OSU Educators indicating that they would be willing to serve as a resource person(s) to counties/schools/organizations wishing to utilize Real Money, Real World)
- Beth Bridgeman, Greene County, 937-372-9971, bridgeman.7@osu.edu
- Nancy Recker, Alan County,
419-222-9946,
recker.22@osu.edu
- Rhonda Williams, Darke County,
937-548-5215, williams.418@osu.edu
- Demetria Woods, Miami County, 937-440-3945, woods.372@osu.edu
Counties Currently Offering RMRW
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Purchasing
Ohio residents can purchase the 441GPM Real Money, Real World cd (curriculum) from local county Extension offices for $13.50. It also can be ordered online, for $17.00 plus shipping, at http://estore.osu-extension.org. (Do a Title search for Real Money Real World). Or, call 614.292.1607. |
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Key Resources
Real Money, Real World Evaluation - Executive Summary (pdf) (04.04.2008)
Real Money, Real World Evaluation -Final Report (pdf) (04.04.2008)
Real Money, Real World Evaluation (pdf) (05.23.08) |
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