Today we gave you all the ins, outs, and Who Knew’s about the Real Money, Real World program! The first local simulations was earlier today at the Knox County Career Center, and the second one will be on May 2nd in the Mt. Vernon HS gymnasium from 8:00am – 11:30am.

To hear Hannah Radke’s full conversation with Larry Hall, click here!
To learn more about Real Money, Real World, click here!

Real Money. Real World. (RMRW) is a financial literacy program for youth from Ohio State University Extension.  It can be used with youth ages 12 – 18 but is ideally suited for youth ages 13-16.  This curriculum is time tested and has been highly successful because of the creative community efforts of Extension educators, local school teachers, and community volunteers.

Real Money. Real World. is fun and distinctive because it includes an interactive spending simulation that provides the opportunity to make lifestyle and budget choices similar to those made by 27-year-old adults. As a program of Ohio State University Extension, the most preferred and successful RMRW programs are partnerships of the county OSU Extension office, the school, and the business community.

RMRW Goals

Real Money. Real World. has three primary goals:

  1. To increase participants’ awareness of how education level and corresponding career choice influence personal income and financial security.
  2. To increase the students’ knowledge of money management tools used in daily spending for cost-of-living decisions.
  3. To increase participants’ awareness of how income and lifestyle choices affect the amount of money available for discretionary spending.

RMRW Overarching Objectives

RMRW is designed to increase participant awareness related to:

  • How the type of job affects how much income can be earned.
  • The level of education needed to get the job desired.
  • The amount of money deducted from paychecks for taxes, other withholdings, health insurance, and retirement.
  • How financial institutions help with personal money management.
  • What it costs to maintain a household.
  • What it costs to care for a child.
  • How every spending decision affects other spending opportunities.

 

Thanks for listening!
– Joe and Lilly