Hillsboro students participate in Real Money. Real World program
Lead Summary
By
Kathy Bruynis-
Hillsboro City Schools teachers Tara Gilliland and Karin Yakimow partnered with OSU Extension recently to present Real Money. Real World (RMRW) to 140 eighth grade students.
Kelly Smith from State Auditor Keith Faber’s office participated in the simulation. Smith is visiting different RMRW programs to see how this financial learning opportunity is working in schools across the state.
RMRW is a youth-focused financial literacy program from Ohio State University Extension. The curriculum is time-tested and has been highly successful because of the creative community efforts of Extension educators, local schoolteachers and community volunteers. RMRW is a fun and distinctive program because it includes interactive choices similar to those made by 27-year-old adults.
At the end of the five classroom lessons, the students complete a real-life simulation. During the simulation, students interacted with local businesses where they would spend their salaries on “real life” budget items, including child care, clothing, communications, contributions, credit and college loan, entertainment, financial advice, food, housing, insurance, transportation, health and wellness and chance (different life scenarios that can randomly happen).
Throughout this activity, students keep track of their finances and attempt to complete the simulation with a positive balance. Students learn what they can afford and what they cannot afford on their income. Many students commented on how much it costs to raise children and they didn’t realize all the bills their parents have to pay.
Local community representatives included Hamilton Insurance, Peoples Bank, Southern Hills Community Bank, NCB Bank, Merchants National Bank, First State Bank, Highland District Hospital, 4-H junior leadership members and OSU Extension educators from Highland and Fayette counties.
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Kelly Smith from State Auditor Keith Faber’s office participated in the simulation. Smith is visiting different RMRW programs to see how this financial learning opportunity is working in schools across the state.
RMRW is a youth-focused financial literacy program from Ohio State University Extension. The curriculum is time-tested and has been highly successful because of the creative community efforts of Extension educators, local schoolteachers and community volunteers. RMRW is a fun and distinctive program because it includes interactive choices similar to those made by 27-year-old adults.
At the end of the five classroom lessons, the students complete a real-life simulation. During the simulation, students interacted with local businesses where they would spend their salaries on “real life” budget items, including child care, clothing, communications, contributions, credit and college loan, entertainment, financial advice, food, housing, insurance, transportation, health and wellness and chance (different life scenarios that can randomly happen).
Throughout this activity, students keep track of their finances and attempt to complete the simulation with a positive balance. Students learn what they can afford and what they cannot afford on their income. Many students commented on how much it costs to raise children and they didn’t realize all the bills their parents have to pay.
Local community representatives included Hamilton Insurance, Peoples Bank, Southern Hills Community Bank, NCB Bank, Merchants National Bank, First State Bank, Highland District Hospital, 4-H junior leadership members and OSU Extension educators from Highland and Fayette counties.
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