Delabar CTE System 
Education for Employment System #280

Welcome to the Real World 2013

Welcome to the Real World is an active, hands-on, real life simulation that gives young people the opportunity to explore career opportunities and make lifestyle and budget choices similar to those adults face on a daily basis.

 

Participants assume that they have completed basic educational requirements for a job and are single, 25 years of age and independent with no financial support from family or others.

 

After investigating potential careers, and being interviewed prior to the beginning of the simulation, participants receive a monthly salary for their chosen career. They then proceed through the Real World activity - deducting taxes, determining a savings amount and spending their monthly "salary" on the necessary or luxury items that reflect the career and lifestyle they have chosen.

 

How does the program work?

 

Using sample savings and checking account registers and deposit slips, participants learn how to record and manage their accounts.

 

After making their deposits, participants then continue through the Real World activity by making spending choices from the following categories:

 

  • Educational Loan
  • Charities
  • Housing
  • Transportation
  • Insurance
  • Utilities
  • Groceries
  • Clothing
  • Entertainment

 

After each choice, they write a check or use their debit card and balance their checkbook register.
 
Participants, also, choose a "chance" card that represents the unexpected expenses and incomes encountered in the real world.
 
Participants complete their Real World experience by evaluating the choices they have made. If they had a negative checking account balance, they visit with a Financial Counselor to consider alternatives that might be made to have a positive balance.  They may even have to take on an additional part-time job.