It can be difficult for students to fully understand the financial realities they will face once they enter adulthood and are away from the protective shelter of their parents.
Giving students a better grasp of what to expect in the future is not only helpful but also the focus of Junior Achievement of Southern Nevada’s Finance Park. The financial literacy lessons provided to students during their visits to the Finance Park are thought-provoking and provide a foundation of smart financial decisions for each student. This is one reason Bank of Nevada offers financial support to Junior Achievement of Southern Nevada, as well as the support of its volunteers.
When students arrived, each was given a persona they would adopt for the day’s event. The persona included a particular occupation and its salary. From there, students had to learn to live within that occupation’s budget, and also anticipate the cost of everyday essentials including utilities, mortgage and car payments, insurance and much more. Each student is provided an electronic tablet to assist them in making the step-by-step financial decisions that each student will ultimately make when they are adults and in the workforce.
This is the 5th consecutive year that the Finance Park has provided financial literacy lessons to students in Clark County. Between January 17, 2018 and March 23, 2018, approximately 4,500 students will be exposed to financial literacy information that includes lessons on income and taxes; saving, investing and risk management; debit and credit; and budgeting.
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