Purdue University Calumet Educational Talent Search (ETS) is hosting its fifth bi-annual “Reality Store” workshop Friday (5/27) from 8 a.m. to 2 p.m. in the Student Union & Library to help youngsters learn about career options, evaluate their choices and plan appropriately for their futures.
The “Reality Store” is a life simulation exercise in which some 300 students in grades seven through nine from Hammond, East Chicago and Calumet Township schools will be introduced to basic skills in financial and career planning, goal setting and decision-making. Participants will role play with a fictional occupation and related salary to plan, budget and pay bills.
The objective is to help the students develop knowledge and skills necessary to manage a job-related income practically relative to real-life situations. The students will have an opportunity to visit the “Reality Store” and decide how to spend their income.
The students also will visit a series of learning stations that require budgeting decisions. Following is the list of learning stations:
Banking: Savings, certificates of deposit and IRA accounts; student loan repayment plans.
Uncle Sam: Income tax, liens, other tax issues
Child Care: Center and in-home daycare; babysitting.
Housing: Homes for sale; apartments for rent. Prices include insurance and taxes.
Utilities: gas/electric, trash, water/sewer.
Communications: Land-line phones, cell phones, Internet, cable services.
Legal: Living wills, advice, finger of fate scenarios
Transportation: Cars, trucks, SUVs, gas scooter and bus passes.
Insurance: vehicle and life insurance.
Medical/Dental/Optical: Medical insurance and care.
Groceries: High end, moderate, value-priced shopping.
Pets: Cats, dogs, fish birds, & other exotic animals.
Furniture: High end, moderate, value-priced shopping.
Entertainment: Dining out, movies, vacations, sports, etc.
Clothing/hygiene: High end, moderate, value-priced, clothing, haircuts, health, misc. beauty.
Charitable Contributions: Donations to the community.
Finger of Fate: Roll of dice to determine fate. Life is full of surprises.
Help: Financial counseling for students who have difficulty with Reality Store.
Reality Store is co-funded by Foundations of East Chicago and Purdue Calumet. More information can be obtained by calling 219/989-2460 or visiting http://www.pnw.edu/talent/reality-store-2011/.