Author: Stephen Conrad
Planning Unit: Boone County CES
Major Program: Family and Consumer Sciences 4-H Core Curriculum
Plan of Work: 4-H Family and Consumer Sciences
Outcome: Initial Outcome
More and more people are living beyond their means and incurring debt that will plague them for the rest of their lives. We have not been very successful in teaching our youth the value of money or passing along the concept of "saving for a rainy day". Our school system recognizes this trend but has little or no time to spend on money management due to core content obligations. To help them with this need, The Boone County Cooperative Extension Service held a Reality Stores in seven elementary & middle schools. The extension staff, along with 185 school volunteers, gave 1670 fifth, seventh, and eighth grade students a taste of the real world. Students were assigned an occupation, monthly income, and family situation (married/single/divorced, children, smoker/non, and low/high risk driver). The students were then given the task of making necessary purchases and payments associated with living for a month in the "real" world. For many, this was this first encounter with living on a budget and seeing the hidden costs (insurance, utilities, taxes, etc.) that adults must deal with every day. At the end of the program a written evaluation was given to all students. 89% said they learned a lot about how much it cost to maintain a household, 75% said they would definitely seek education beyond high school, and 70% said they would start now saving money.
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