Experience the Real World in the Reality Store

FHS Sophomores Experience the Real World in the Reality Store
Posted on 05/11/2018
Reality StoreOn Tuesday, 10th graders at Farmington High School took part in the Reality Store, a real life financial activity that tested students' ability to spend their money wisely. Throughout the day, different sophomore classes were excused to meet in the gym and begin their new “life.” 

In February, students picked out what career they wanted and, based on that information, they were then given a net income and a random relationship status that decided if the student was married or not and how many kids the student may have. With that information, students visited different booths to decide how to spend their money on items such as housing, transportation, insurance, vacation, and so on. 

Students started at the Banking booth, where they were encouraged to put 10 percent of their income into savings. From there, it was up to the students to prioritize what they should spend money on. Many types of cars, for example, were available for students to choose from, ranging from new, expensive models to used, cheap models. Their decisions would either leave them with cash in their pocket or bankrupt. 

Booths were run by volunteers from the Farmington community. Volunteers from Roundbank Insurance Agency, Dakota County Technical College, the Farmington Library, and other locations helped with the event. They would explain to students what they were spending money on and how that would affect what money the students had. On occasion, what happened with their money wasn’t up to them. A volunteer State Trooper was handing out cards that told the student news such as “you won the lottery!” or “you have a new dental bill” or something in between. 

A big game of Life, the Reality Store is meant to teach students how they should handle their money and what they can expect when they reach adulthood. At FHS, students have been attending RAMP class to help them prepare for their post-secondary plans. This Reality Store, combined with RAMP, is helping students at FHS prepare for what life has to offer.

Many thanks to all the volunteers who made this event possible! Visit our Facebook page to see more pictures from this event. 

Article by Student Reporter Ryan Huling. 
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