Real Money, Real World is co-sponsored by the Ohio State University Extension, Auglaize County, the Ruth Arnold Steva Endowment Fund, Minster Local Schools, New Bremen Local Schools, New Knoxville Local School, St. Marys City Schools, Wapakoneta City Schools, and Waynesfield Goshen Local Schools.
The program allows students to learn through hands-on experiences about costs of living on their own, making decisions, and evaluating the consequences of their decisions. Through this simulation of real-life decisions, students draw an occupation and family situation and are then given a salary equivalent to the average monthly salary in their simulated occupation. They work through the reality experience of opening a checking and savings account; making consumer decisions; paying bills; writing checks and balancing a checkbook. These activities are done as students spend their salaries for the necessities and luxuries they envision as part of their adult lifestyle; as well as pay taxes and save for the future. As you can see, this is going to be a valuable experience for the students involved.