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Reality Check
Middle School
Financial Literacy #5
Objectives
•
•
•
•
•
Review Last Week’s Lesson
Learn to use the Reality Check Tool
Understand salary needed to cover expenses
Explore and identify careers that cover expenses
Update Postsecondary Plan
Review Last Week’s Lesson
1.
2.
3.
What is the a major key to making a good income?
Get a postsecondary education
What is the average annual income for a high
school dropout?
$19,300
For a family of four in Minneapolis, what are the
average annual costs for their necessities?
$56,400
Google: iseek Reality Check
Click on Reality Check Tool
Watch Video and then
Click on Reality Check Tool
Reality Check Tool
Reality Check Tool: Housing
Complete Reality Check Tool
Select Education, Career Cluster
No Occupations Found
Can Change Education or Expenses
Select Education, Career Cluster
15 Occupations, Dental Hygienist
Dental Hygienist Details
Update Postsecondary Plan
Explore Careers and Update Plan
• Explore careers of interest in the Reality
Check tool
• Update Postsecondary Plan
Classroom Discussion
• What annual salary is needed to cover your
expenses?
• What education level do you expect to attain?
• Which careers of interest cover your
anticipated expenses?
Review
1.
Tool on the internet that provides information
about income vs. expenses
• Reality Check
2.
What is the annual salary needed to cover your
expenses?
• Answers will vary
• Average Range: $50,000-$60,000
3.
What careers of interest cover those expenses?
• Answers will vary
• Usually needs to be a high-skill career