Friday, April 18, 2014

Real Money, Real WorldSt. Anselm School seventh and eighth-grade students…
May 2, 2013 by karen | No Comments

Real Money, Real WorldSt. Anselm School seventh and eighth-grade students recently participated in a "Real Money, Real World" program put on by The Ohio State…

Real Money, Real World
St. Anselm School seventh and eighth-grade students recently participated in a “Real Money, Real World” program put on by The Ohio State University. During this life simulation, students randomly choose jobs and number of children they will have.
They then have to plan to live on their salary from that given job. They have to account for expenses including health insurance, taxes, cost of living, child care, communications, clothing, credit card debt, entertainment, food, housing, transportation and utilities.
Lessons On Insurance
Representatives from Progressive Insurance recently visited Saint Anselm School to explain to third, fourth and fifth-graders what insurance is all about. Students participated in a board game, “Progressive Parkway,” which helped them understand how insurance helps protect people from experiencing financial losses after real life events.
While “driving” around the game board, students recognized how traffic violations and accidents carry financial responsibilities. Students then graphed the results of the game and saw the differences between rural and urban areas. This helped them see how insurance companies assess “risk” based on location.

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