Aloha to the Reality Store

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Aloha to the Reality Store
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Or, is life really a picnic?
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Envision your life
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Do you want to be a chef?

• Or a butler?

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In the words of a student,

• The Reality Store is where you calculate what
  you will earn with a certain education and see
  how you end up financially. This provides a fun
  and enjoyable way to learn about the financial
  world. "

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Students will apply the decision-making,
problem-solving, and management processes to
develop a spending plan to meet established goals
with a degree of accuracy.
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The goal is to develop the knowledge and skills
needed to use these processes in practical,
real-life situations involving the use of money.
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The Reality Store is a place where students pay
bills after planning their budget for a level of
income based on a predetermined level of
education.
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Guiding Questions
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How does an adult make decisions when formulating
a spending plan?
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"It helped me understand how hard it is to be
grown up and have to pay for everything."
(Christine)
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What is the relationship between education and
employment, and ones quality of life?
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Why is mathematics important in everyday life?
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I realized that one little mathematical error
can make a big difference in a checkbook."
(Kristie)
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Skills and knowledge a student must acquire
during the learning experience in order to be
successful
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?Identify individual lifestyle needs and wants
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? Identify possible educational and career choice
with corresponding income
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? Formulate a personal spending plan for age 28
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Make decisions solve problems
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? Spend and save money wisely

• ? Add and subtract
• with or without a calculator

• ? Write checks properly

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? Reason, evaluate, and communicate about
personal spending choices
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? Identify their own abilities and interests as
possible guides to career choice
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What do we want a graduate of our school to
look like?
Shawn Suzuki

• O r

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What do we need to do to implement this program?

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• Involve staff in planning the event
• Involve community members
• Establish a timeline
• Establish an operational procedure
• Develop an assessment plan

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Overview
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STANDARDS AND PERFORMANCE INDICATORS

• ? FAMILY AND CONSUMER SCIENCES
  (Spending Plan)
• ? CAREER DEVELOPMENT AND OCCUPATIONAL
  DEVELOPMENT (Education Employment Quality of
  Life)
• ? MATHEMATICS AND SOCIAL STUDIES
• (Consumer Math and Economics)
• ? ENGLISH LANGUAGE ARTS (Reflection)

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There are three parts to the Reality Store
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I. Preparation

• Activities designed to help students start
  thinking about their futures and the type of
  lifestyle they would like to have when they're in
  their mid-twenties.

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Let's pretend you are 28 years old. What would be
your answers to these questions?

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• Are you married or single?
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• If you are married, does your spouse work?
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• How many children do you have?
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• What are their ages?
• How many are under 5 and in day care?
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Ordo you rent or own your dwelling?

• Do you have a new or a used car?

• Did you go to college?

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II. Reality Store visit
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III. Follow-up discussions

• As students finish their trip through the
  Reality Store, they complete an evaluation form
  which asks them to reflect on the activity.
  Follow up discussions encourage students to share
  their thoughts and reactions and compare their
  experiences in the Reality Store with how they
  envisioned their future.

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Each teen is given a fake checkbook register with
one month's salary on deposit, plus a 500
savings account to spend or save
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"When I first started to do the checkbook thing,
I thought it was a waste if time, but once I
learned how hard it was to do all that stuff, I
realized why they were teaching it." (Jerry)

• "I learned I need to take care of bills before I
  spend all my money on luxuries." (Shane)

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A roll of the dice decides the marital status of
each student and the number of children.
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Participants are given a monthly salary for an
occupation of their choosing.
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They visit stations and deduct expenses based on
the choices they make.
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"The thing that surprised me the most was all of
the insurance." (Mario)

• "My daughter cost me a tons of money, my hand
  hurts from writing checks, and my budget is not
  balancing." (Danielle)

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How do we assess student work?

• Rubric
• Reflection essay
• Properly submitted forms Profile, Budget
  Plan, Check, Evaluation, Essay

• v
• v
• v

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Rubric

• EXPERIENCED REALITY
• PRETENDED REALITY
• UNREALISTIC
• 1 OUT OF TOUCH WITH REALITY

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Dimensions of Rubric

• Decision Making
• Mathematics
• Check Writing
• Filling out forms
• Evaluation
• Reflection

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Reality Store Reflection Questions

• ? Did your budget give you the quality of life
  you wanted?
• ? Would you make different choices if you
  visited again?
• ? What did you learn about career choices that
  you will use in planning your future?

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Properly Submitted Forms
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(No Transcript)
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(No Transcript)
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"An important factor in applying for a job is
education." (Alexis)
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