The seventh annual Reality Store will be presented to the eighth grade students at Louisa County Middle School on Friday, April 11. The event will run from 8:30 a.m. until 2:30 p.m. with lunch for the volunteers at 11:15 a.m.
The Reality Store is a real world money management simulation activity designed specifically for teens. In this two hour simulation activity, teens are introduced to concepts such as making wise financial decisions, considering costs and benefits, using mathematical applications in real life situations, balancing a budget and a bank account, exploring career choices and education, and understanding how lifestyle decisions affect an individual’s finances. The purpose of this activity is to help teens become more aware of the financial demands they will encounter in the “real” world.
On the day of the simulation, teens are assigned an occupation and family situation. All assignments are random. Their task is to visit each station in the room and decide how they will spend their income. Stations represent typical spending categories in a typical household budget, such as housing, transportation, food, entertainment, etc.
Some students will quickly spend their income on wants, only to realize there is not enough left for food or housing. At this point, they have a few options. They may revisit the stations and attempt negotiating to resell their purchases for a reduced rate or they may visit the employment booth and take on a second job.
This program is highly dependent upon community volunteers who are interested in helping teens gain a greater understanding of the world of personal finance and decision making. Please consider volunteering for this valuable interactive educational event.
For more information or to volunteer, please call Jenny Thompson at the Virginia Cooperative Extension Office (540) 967-3422 or email firstname.lastname@example.org.