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Welcome to the Real World, 8th Grade!

Mississippi State University's Extension paid a visit to our 8th Grade Scholars with their Welcome to the Real World Simulation. 

 

According to the agency, through Welcome to the Real World! young people learn

  • how spending influences quality of life.
  • how education impacts income.
  • how budgeting—and planning—can increase available money.

Each young adult is assigned an educational level, job, marital status, and children.

Once “payday” comes, young people discover they have many expenses to cover:

  • cell phones     
  • housing
  • childcare
  • insurance
  • clothing
  • internet
  • credit card debt
  • personal care
  • emergencies
  • savings
  • entertainment
  • taxes
  • groceries
  • transportation
  • healthcare
  • utilities

Young people move around the stations, spend their money, and talk about their financial decisions.

Young adults want to spend money on the things they want, but Welcome to the Real World! shows them what’s realistic and how to balance wants with true necessities.