A grant to host a school career day:
Instead of discussing specific careers, we wanted to focus on life outside of the career. We wanted to give kids a ‘reality check’ and focus on how life choices can directly impact your career. Students participated in a highly interactive financial planning session where they were able to imagine their lives at the age of 26 and go around to different booths to ‘pay their bills’.
The finance program even threw curve-balls at the students so they could better understand how life choices impact their budget. For example, at the “Chance” booth one student might roll a pair of dice and get a DUI and would see their car insurance premiums jump, another student would be designated a ‘smoker’ and see their health insurance premiums jump, another student might be designated as divorced and they would have to pay child support, another student might be able to pick up overtime hours at work and earn more money.
Volunteers were able to report funny comments from students showing how much of an eye-opener the event was for them such as “Oh man, kids are expensive!” or “I guess I need to go trade in my vehicle and get something different because I don’t have any money left for food.” When asking students how they ended up making ends meet, some students said they got a roommate to help with housing costs, others cut back on entertainment choices or got smaller vehicles. Most all students had to work to figure out how to balance their wants versus their real needs.