When I was a sophomore in high school, I participated in Junior Achievement. Once a week in the evening, I would carpool with two friends and join about 20-30 other students from the Eastern suburbs of Pittsburgh. I don’t remember much of what we did other than make hangars and sell them. While I appreciated the mission and purpose of JA, I really haven’t thought about the organization in years.
Fast forward to a few months ago at The Moose’s back-to-school night where his Civics teacher mentioned a field trip and the need for volunteers. All Fairfax County 8th graders visit Junior Achievement’s Finance Park. There are several in the DC area and probably many more across the country. According to
their website, Finance Park is an experiential education designed to engage middle school students for life and work in the real world. It combines classroom curriculum taught by teachers with a high-impact situation. While this sounded great, I had no idea what this meant.
On the field trip day, I arrived at Finance Park and got a tour of the facility and received a brief training which left me with more questions than answers. We were then ushered into the auditorium with about 150 8th graders. Each student had already been assigned a group, and when the individual group was announced, each volunteer escorted the students to the particular room. Once in the room, I introduced myself to my group of 8 students, they introduced themselves to me, and I distributed tablets to each of them. The tablet showed each student a specific occupation, salary (including how much was taken out for taxes), and indicated whether the students had a spouse and/or children. After a few minutes making sure everyone was set with their tablets, each group went to one of about 15-20 rooms. The purpose was for the students to make a budget from their monthly salaries. This was my room:
I was assigned health, life, and disability insurance, which is definitely a fan favorite among 8th graders. A group would come into the room, and I asked them if they knew what health insurance, life insurance, and disability insurance is. While they did okay with health insurance, no one got disability insurance correct. At least 3 groups joked that life insurance is when you die, and they were shocked that this was actually correct. Then, the students would set a budget in their tablets before going to the next room. There was only about 2-3 minutes per group, so there really wasn’t time to explain how health, life, and disability insurance are often tied to employment. I enjoyed seeing each group including many of The Moose’s friends and The Moose himself. More about him momentarily.
After each group went to the 15+ rooms where they budgeted for many areas including transportation, housing, childcare, and utilities, the groups returned to their original room. Once back, they got to spend their money. It was fun seeing how many kids wanted a sports car or if they were able to sell off their kids or get a divorce. They quickly discovered that childcare can be expensive. And while you might want a sportscar, your spouse is going to have to find a way to get around too. My group was, um, interesting. One kid literally put his head on the table and didn’t really do the spending part. It’s a field trip! Pretend to be interested! Another kid discovered how to access YouTube on the tablet and played Travis Scott videos. Perspective is nice. You could really see several of the kids trying to be cool by not taking the activity seriously because another kid didn’t. At the end of the day, The Moose told me that the kids in my group were annoying.
The best part of the day was seeing The Moose and him being happy to see me. He smiled and waved every time he passed the room. He will not want to see me in social settings at some point in the near future, but that hasn’t happened yet. I'll take that as a win.
As for Finance Park, I wish I had this in 8th grade. It really shows how many expenses adults have. I’m also willing to volunteer again though it won’t be until my other boys reach 8th grade!
(The first picture is from the Junior Achievement of Greater Washington. The rest are by me.)