Institute for Entrepreneurship Entrepreneurial Education Partner
WELCOME TO THE REAL WORLD
Today, we went to 1st MidAmerica Credit Union and they set up a “real world” experience/simulation for the students. (Check out the video in the comments.)
Each student downloaded the mobile app and was then told, through the app, what their occupation, salary, and family status was. Once they had their salary they had to decide how much to put in savings each month. After that they were off to the stations.
They had stations for choosing a car, where to live, childcare, home goods, groceries, entertainment, and more! Some students went over budget and others had money leftover to pay off debts! 👏
We won’t say which student was running out of money and chose to get his wife a bus pass instead of a car.🤣
The students really enjoyed this exercise! Thank you to everyone at 1st MidAmercia & Abby Mast for setting this up.
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