Real world event at Lake Mills High School

This past friday I had the opportunity with another first weber agent (Pam Asche) to help juniors and seniors at Lake Mills high School. Students had a opportunity to find out what living in the real world is all about. They started the day with a profile including their new job, income levels, Marriage status with or without children. From there they met with local business leaders to set up their monthly budget.

They started by first paying the government taxes. Next they had to set up a checking account with either of the two local banks, after they deducted their student loan payments they could move over to housing. I could either set them up in an apartment or they could buy a home. This was all based on their income and needs. If they were single and wanted to rent, they could find a roommate but after completing a roommate compatibility quiz.

After housing, they were able to purchase a new or used vehicle and set up insurance. A local police officer was even walking around passing out random tickets wich they had to appear in front of the judge to try and defend themselves.

Other items they were responsible for paying included phone, utilities, health and life insurance, clothing, groceries, child care and gasoline. The amounts were all based on the size of their family and home/apartment.

The last booth they stopped at was the credit booth. Here they had to make a payment on any other existing debt listed on their profile. At the end, student’s checkbook balance must be in between $0-$200 and they had to visit all the booths. The check register had to be up to date. Although, I am not sure if it would be a good thing to penalize kids for having a balance over $200.

Jennifer the business instructor had this to say. “Thanks again for another great event! I can’t wait to talk to the students tomorrow to get their feedback. That’s the really fun part! Everything went very smoothly on Friday and that is because of all of you. Your contribution is vital and will forever be remembered. The students are always impressed that you would give up your day to spend helping them. Your time is valuable, but I can assure you the impact you made will last a lifetime for these young adults.”

Jennifer Iverson
Business and Information Technology Instructor
Assistant Sophomore Class Advisor
7th Grade Girls Basketball Coach
Lake Mills High School

Overall I think this a good event for high school students to learn about monthly budgets and real estate. I did volunteer to come back and educate students about buying their first home or investment property.

This is being done at many local high schools if you know of anyone who needs help please pass out my name.

Brad Koenig
First Weber
Your Local Home Team

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