Students had to decide if they had enough money left in their monthly budget to make charitable contributions.
Van Wert Middle School hosted a financial literacy program for students called Real Money. Real World. on Wednesday, May 4. More than 165 Van Wert eighth graders and 65 seventh graders from Lincolnview experienced a spending simulation that allowed them to make lifestyle and budget choices similar to those made by young adults in today’s world.
RMRW is a youth-focused financial literacy program from the Ohio State University Extension office that provides a hands-on experience for students to learn about money management and cost-of-living decisions. Teachers cover four in-class lessons in the weeks leading up to the simulation.
At the beginning of the simulation, students were provided with a unique scenario that detailed their monthly income and family size. They were then required to visit all 13 stations where they made lifestyle choices that were important for survival and wellbeing: Chance, Child Care, Clothing, Communications (phone& data), Contributions, Credit & College Loan, Entertainment, Financial Advice, Food, Housing & Utilities, Insurance, Transportation, and Health & Wellness. Students reflected on their spending choices and performed a post-session evaluation following the simulation.
RMRW is a collective effort of local OSU Extension educators, schoolteachers, and community volunteers who work hand-in-hand with the Career Connections of Van Wert County board. Van Wert City Schools would like to thank the many community partners who helped make this event possible:
- Advanced Insurance
- Ag Credit
- Edward Jones Investments
- First Bank of Berne
- Mayor Ken Markward
- Van Wert County Career Connections Board
- Van Wert County Foundation
- Van Wert Economic Development
- Van Wert Health
- Van Wert Police Department
- YWCA of Van Wert County
Click here to view pictures of the event.