This program consists of four parts: career exploration, expenditure decision-making, money management, and choice evaluation. The program includes active, hands-on activities that give young people the opportunities to make lifestyle and spending choices similar to those adults face on a daily basis. In addition, the CD includes a series of fact sheets with activities that expand upon the learning that takes place during the simulation, all updated in 2010.
In the simulation of the real world, participants assume that they have completed basic educational requirements for their chosen career and are single and 25 years of age. They live on their own and are independent with no financial support from family or others.
The participants explore potential careers or occupations that they would like to pursue in the future. After they choose an occupation, they receive a monthly salary for that occupation. They then proceed through the Welcome to the Real World! simulation, deducting taxes, determining a savings account, paying a student loan, if applicable, and spending their “salary” on the necessary and other items that reflect the career and lifestyle they have chosen. The expenditures include: housing, transportation, insurance, utilities, groceries, clothing and entertainment. They don’t have all of the control – at any point they have to draw from the “deck of chance” that represents some of the unexpected expenses of adult life (“You receive a speeding ticket, pay $75!”)
This engaging simulation lets young people from 12 to 18 have fun while learning serious lessons about money management and career choices. Welcome to the Real World! supports the Illinois State Learning Standards in language arts, mathematics, and social sciences.
The Welcome to the Real World! curriculum CD-ROM utilizes Microsoft Word formats and is PC compatible. A program that is ready to go – all materials are on the CD-ROM and are re-usable and reproducible.