Kids Marketplace teaches students to make wise spending choices

On November 26 eighty third graders from Carlin Springs Elementary School participated in Kids Marketplace, a simulation in which students receive a job and monthly income in the form of play money and have to make spending decisions at stations like Housing, Transportation, and Groceries. The students said that the exercise helped them understand how different jobs pay different amounts of money and that they need to focus on taking care of their needs first in terms of spending and then think about their wants. They also said that it helped them to understand why their parents have to say no sometimes when they ask them to buy things.

On December 5, 25 eighth graders at Williamsburg Middle School got to participate in Reality Store, the cousin of Kids Marketplace designed for middle and high school audiences. These events mark the start of a busy season for these activities. We conducted Reality Store for the Arlington Mill high school continuation program on Dec. 12 and will be at Ashlawn Elementary School for Kids Marketplace on Jan. 14, Kenmore Middle School with Reality Store on Jan. 24 and 31, and several other spots in February, March, and April. We rely on our dedicated Master Financial Education Volunteers to help staff the eight stations at Reality Store and ten at Kids Marketplace but can always use more hands, so if you would like to help run these events please contact Jennifer at jabel@vt.edu.

Nyambo Anuluoha helps students at the credit union station to save money

Nyambo Anuluoha helps students at the credit union station to save money

 

David Edwards helps students choose health insurance at the Personal Care and Medical station

David Edwards helps students choose health insurance at the Personal Care and Medical station

 

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