Today students were introduced to the concept on budgeting. With many of the students overly excited about receiving their first paycheck this week, it was very important that this topic was brought up.
Students focused on learning the differences between Wants vs. Needs (Internet and Jordan's seem to be a must have for this group), Income and Expenses and the importance of paying yourself. We also talked about how important it was to make sure you have insurance (health, life and car).
Students were then able to develop and manage their own monthly budget based on the salary on what career they chose. They had to determine based on the needs, wants, income and expenses if the career and money they made was viable for the lifestyle they wanted to live. Overall, the kids enjoyed the topic and came to the conclusion that some of the things they really really felt the wanted weren't really the things they needed.
Later we went into more detail with our blogs. At this point, each student has a complete blog that also includes links to 10 of their fellow classmates blogs. Students are free to blog about whatever they want on a daily basis. The concept behind this is to improve writing skills, increase their knowledge of current events and use a variation f communication skills through technology.
Be sure to stay tuned to our blog as each day a different student will blog about their daily experience in the S.O.A.R Program.
-King
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