Making Good Choices in “Real-Life”
Third Graders at Greendale Elementary School recently participated in a “real-life” simulation called The Kidz Marketplace provided by 4-H. Students were given a job and a salary, and were then asked to show their abilities in making smart economic choices. After studying economics in class, students were ready to demonstrate their knowledge of making a budget, purchasing needs and wants, describing opportunity costs, and saving for the future and unexpected costs. Haley H. spoke about wanting to purchase a high-cost eating plan, but instead choosing a cheaper, healthier alternative in order to save money. Madison S. learned that choosing cheaper options in the beginning of the activity (first of the month) was a wiser economic choice because it allowed a person to purchase more expensive things at the end of the activity (end of the month).