The snow postponed us for a day but we were able to participate in the "Get A Life" program today inCharles Town WV. The program was sponsored by The Jefferson County Chamber of Commerce, it is a financial education program by The West Virginia State Treasurer John D. Perdue, developed by Fairmont State University GEAR UP.
Students are given a "Who Am I?" Life Card that tells them what their occupation is, what kind of family they have, and how much they will make monthly after taxes, child care, child support and other miscellaneous expenses. In the first phase, none of them seem to have had any interest in pursuing a post-secondary education and have had to settle for whatever job they can get. The Careers are representative of real jobs that may be available in WV, as are the salaries.
They received an expense ledger to keep track of their funds, starting with their monthly salary. They are given a checklist of things they have to have
- Housing (With minimum # of bedrooms)
- Vehicle
- Car Insurance
- Gas
- Groceries
- Utilities
- Furniture for minimum # of bedrooms
- Appliances
- Visits to Doctor
They start at Reality Realty and choose a home with the requirements for their family situation, they ranged from $19,000 to $1.6M (really) They recorded the house payment. They then moved on to all the other stations to buy a car and insurance, buy gas for the car, pay their utilities, buy groceries, shop for furniture and appliances. They would then visit the doctor and draw a card for something like:
- Clean physical, no cost
- Needs shots, $
- Go to hospital for tests, $$
- Broken leg, $$$
- Hospital stay, $$$$
Get the picture, unknown expenses.
And then there was the Green Reeper!!!!! (Really, all dressed up and following them around.He is after their green:
- Auto Accident - no insurance - $230 a month for 12 months
- The car needs brakes - $132
- Parking Ticket - $40
- Cold Winter - $100 additional gas for heat
- Friend getting married - $50 gift
Halfway through the game the "Who Am I" station is replaced with the "GO Center". Students come to the station to find out what it is all about, and are given the opportunity to go back in time and and use available resources of the "Go Centers" to make the right decision and pursue post-secondary education.
They are then given a new Life Card with an occupation that they can get with further education after high school. They can then go through the game again with more money and more experience on how to successfully budget their money.
It was interesting to observe the reactions...some got it...some did not. It was easy to pick out who had been taught some basic budgeting, and very apparent that some had no clue what a budget was. Some were just going to live at home with mom & dad (they think!) Most were cheap on their homes, but loved the fancy cars. As a REALTOR, I was amazed at that one!
What a great experience! We had fun with the kids and I think they enjoyed it. One young man, after visiting the utilities station commented "Now I know why my Dad is always following us around turning off the lights".