JACKSON, MS (WLBT) - Wouldn't it be nice if our children learned how to budget their money in school?
Some schools are teaching just that! At the Reality Fair for freshmen at Murrah High School, students are issued checkbooks and a salary according to their grade point average.
They must buy a car, insurance, a house, clothes, groceries, electronics, and pay for utilities. They choose how much money they want to spend at each station. If they spend too much, they have to pick up a "second job".
For most of the students, it's their first experience managing money.
"(We're learning) how to save, how to make it in the real world," says student Melvin Dilworth.
"I chose a small house) because it's less, cheaper. I have enough to put in my savings account at the end," says student Alexia Thomas.
The Reality Fair is sponsored by the Greater Jackson Chamber Partnership. The group hopes to encourage young people to stay in school.
Similar fairs have been held at Provine and Forest Hill High Schools.
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