Duplin County Schools Host SECU's “Reality Of Money” Simulation
Duplin County Schools Participate in SECU Sponsored “Reality Of Money” Simulation
The State Employees Credit Union provided a unique simulation experience for Duplin County high school students at various schools during the month of September. The “Reality of Money” simulation allows students to make financial decisions about paying for housing, transportation, and other monthly expenses as they are "transformed" into young adults with jobs and other responsibilities to manage. Volunteers brought their expertise and “played the part” to motivate students to spend their money as they moved through 12 various stations. At these stations, students made choices as to what level of financial obligation they were willing to spend in regards to food, housing, automobile, health insurance, entertainment, etc. While students tried to make it to the end of the month with money saved, various team members interrupted the process by throwing in “unexpected expenses” such as a flat tire repair, which immediately was subtracted from the student’s expenses. James Kenan High School High School Assistant Principal Sharnell Dixon, stated, “It was a very engaging, realistic and eye-opening experience for our students. One student shared that she had to go back and purchase a used car that would fit in her budget. That alone reassured me that this was a worthwhile effort to prepare students for beyond high school.”
Students were exposed to various financial learning points such as, the value of furthering their education after high school, the limiting effect bad credit has on their lifestyle choices and "living within their means," which allows them to save for their financial future. Beverly Sholar, East Duplin High School Assistant Principal, shared, "Seeing students excited about this event was so heartwarming! They couldn't wait to share how successful they were in balancing their budgets. I certainly hope this is an event we can continue to host for students."
“This event is essential in giving our students a basic understanding of financial responsibility. It provides a real-world opportunity to connect with and understand the importance of preparing now for a prosperous future. Our job everyday is to prepare students for success and I appreciate what the Reality of Money event has introduced to our students. We especially thank Mr. Kenny Barrett, SECU Kenansville Vice President and Branch Manager, for bringing such an innovative financial literacy program to our district. We also thank our DCS staff and volunteers for making this happen for our students,” said Superintendent Dr. Obasohan.