The problem

We often hear that we need to teach our youth about money and practical life skills. Many of our young people are not familiar with the concept of budgeting and spending money, and keeping a written record of finances is quickly becoming obsolete due to technology.

The educational program response

The 4-H Dollars and Sense program is designed to educate youth on the importance of budgeting and identifying needs and wants, as well as making informed financial purchases. 

The participants/target audience

The 6th grade students at Baker Intermediate School participated in a pre-lesson about need and wants and smart financial decisions, as well as the Dollars and Sense Reality Fair.

Other partners (if applicable)

The Baker Intermediate Family Resource Coordinator, Counselors, and volunteers from the community as well as high school BETA Club members.

Program impact or participant response.

The students learned about making smart decisions with their money when they were given the opportunity to simulate purchasing items at the Dollars and Sense Reality Fair. Many students reported that they didn't realize how much money most items cost, or how expensive items were. The students also reported that they purchased all of their needed items/services before they "bought" what they wanted to have.