Reality Store
This month, all 6th grade students are participating in a classroom simulation of reality called, “The Reality Store”. Students are given a randomly assigned “paycheck” that accurately portrays the beginning pay for a specific occupation. The occupations have education requirements ranging from ones requiring only a high school education all the way up to eight years of post high school education (i.e. veterinarian). The paychecks indicate the gross salary, the various deductions for taxes, and then “the bottom line” or net pay. The students then “spend” their check at 9 different stations in the classroom. These stations are: housing, childcare, groceries, transportation, entertainment, cell phone/cable, investments/stocks, savings, and utilities. The 10th station is “chance” – the students draw from an envelope and increase their money by receiving a holiday gift, tax refund, or working a second job. As the students rotate through the stations, they complete a monthly budget form so they can keep up with their balance.
The students seemed to enjoy this activity and had this to say about what they learned:
“That life is not a game”
”Being an adult isn’t fun”
”Children cost a lot”
”Money does not grow on trees”
”You have to pay a lot of taxes”
”Buy stuff you need”
and “”How hard it is on parents and the cost of life”.
We will follow up this lesson with more career exploration activities in the following weeks. Please ask your child for details!
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