The elderly from Lincoln-Sudbury Regional High School had a moment to confront the reality of where some of their main lifestyle choices might lead, times before they start classes, working, or the defense.
Elderly took part in a “Reality of Life Fair” last Friday, an engaging financial education program where individuals choose a job and get paid based on their choice of profession. They are then required to make decisions about how to use their money to maintain a budget, particularly when it comes to paying off student funding and purchasing housing and other financial obligations that come with age.
Additionally, students were given credit scores that they could raise or lower based on their spending behavior and ability to pay off debts.
‘Amazing feedback’: Improving accessibility for children with disabilities is past Advertiser’s charity target.
Liza Kirk, who did major in early childhood education at the University of Delaware, said she now has some experience working as a station counselor and at a nearby daycare. Kirk’s starting income during the good, $47,300, was on the lower part but not surprising.
“I sort of knew what it was going to be before I started, but I’m going to have to be very cautious with my funds,” she said.
Student works with a reasonable starting salary to improve credit, get a car, and more.
Throughout the good, Kirk was forced to make financial choices that would enable her to maintain a sound existence while maintaining a sound budget and raising her credit score. She previously chose to use public transportation rather than buying a car, and she chose to live with her roommates rather than own an apartment.
“I think I did okay at the occasion, I managed to raise my credit score, and I was finally able to purchase a car,” Kirk said. “I certainly believe that having taken the financial education course in school helped me with some of the decision-making methods.”
Za Goddard-Taylor may go to Pace University, of Pleasantville, New York, this fall and key in advertising. She stated that she is receptive to various fields, and that a business degree would be the best fit for her.
‘Big increase in charges’: Framingham universities will work with less state support than expected.
“I’m not locked in on one way, I’m really looking for a degree that if I want to go in a unique way, I have an avenue for success,” she said.
Goddard-Taylor chose the job of paraprofessional and was given the wage of $65,000 as she navigated her method around the good and managed costs.
“I made the decision to have unlimited information on my cellphone program because I think it will be beneficial for my job,” she said. “I didn’t make the decision to join the gym; it seems like something I could do on my own. It’s fascinating to learn more about what this will be like.
During the event, individuals are confronted by display events that may mean an unexpected boost to their funds, or in other cases, additional costs.
“I did get a bonus at work, which was great, but I also had some disaster health costs that set me back,” said Max Troiano, who is headed to Cornell University to key in history. “I’m working as a political staff assistant, and my salary is $56,000, which I think might be a little ambitious”.
We want every pupil to have some financial education.
Mathematicians Kate Grant and Kathleen Thompson, who created the financial literacy good, created it.
“I created a financial education program at a past class, and when I was hired at Lincoln-Sudbury, they wanted to add that, which is what we did,” Thompson said. We did hold a Reality of Life Fair at my previous school, and I wanted to take that event with me.
Prior to this time, students who took financial literacy courses would travel on a field trip to a Reality of Life Fair in another district, according to Thompson. But after the pandemic, such fairs began to dry up, leading Thompson and Grant to create one for all L-S seniors.
Make sure our world is livable: Framingham High School students show their climate change exhibit at Saxonville Mills.
Thompson said,” We made the decision to run one here without really understanding what we were doing.” We have nearly 400 seniors, but we chose to do it because we believe it is crucial and that we want our students to have some form of financial literacy before they become graduates. We have the event sponsored by Middlesex Savings Bank because of FitMoney, a program that helps us run the fair and guides students through the various booths.
The fair relied on volunteers with backgrounds to assist students in making important financial decisions. Ann Kronrod, a resident of Sudbury and associate professor of marketing and entrepreneurship at UMass Lowell, gave advice on how to begin saving for retirement and how to determine how much of their monthly salary would be used for retirement.
Kronrod said, It’s a great opportunity to talk to young people and let them know where they’re headed.” When they are 65 and working on a fixed income, I’ll ask them how much money they think they will need. They will respond, “$20,000.” I’ll then explain to them how important it is to start saving early that they are likely unable to live on $1,000 annually.
L-S math teacher says Mass. Financial literacy courses are necessary for students.
Thompson wanted to organize the fair to raise awareness of the lack of financial literacy instruction in Massachusetts’ schools. Twenty-five states, including Connecticut, New Hampshire, and Rhode Island, require financial literacy as a mandatory course for high school graduation, but Massachusetts does not.
We want more people to be aware of the real shortage of this kind of education that is occurring throughout the state, Thompson said.
‘It makes a difference’: Lawmakers urged to favor bill requiring financial education in high school.
State Sen. Jamie Eldridge, D-Marlborough, who previously sponsored a bill to increase the number of Reality of Life Fairs in Massachusetts, attended Friday’s event at L-S. He said there is currently a bill in the State House that would make financial literacy a high school graduation mandate.
He claimed that the new law would give it a mandate, which is something to consider. “I’ve attended the Sudbury Reality of Life Fair and the Marlborough Reality of Life Fair.” It’s a fantastic model, and it’s inspiring for students to learn more. I believe there is a gap in terms of requiring more financial literacy and understanding of what debt repayment actually entails.
Dave Kartunen, a former news reporter for WHDH and Sudbury resident, also volunteered at Friday’s event, managing the “Wheel of Reality” — a booth that spins out a random life event that may have positive or negative financial consequences. He claimed that the fair’s message is incredibly significant.
I would gladly volunteer at other school districts to help them host fairs of their own because I believe it is so important for students to learn about this kind of stuff.