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4/10/2015

Ohio Treasurer’s Office Partners with The Ohio State University Extension – Geauga County to Bring Financial Literacy Program to Berkshire Jr/Sr High School

Press Release - Ohio Treasurer's Office

COLUMBUS – The Ohio State University Extension – Geauga County facilitated a ‘Real Money. Real World.’ financial literacy presentation on Thursday in partnership with the Ohio Treasurer’s office at Berkshire Jr/Sr School in Burton.  This initiative is part of Treasurer Josh Mandel’s ‘Financial EDge’ financial literacy initiative and continuing efforts to raise awareness on the importance of financial wellness and provide tools and resources to help citizens across Ohio make sound financial decisions.

Real Money. Real World. is an interactive budget simulation that aims to prepare students for their financial futures by assigning spouses/children, occupations and a monthly salary which students must manage to provide for their families.  Students are then dealt various financial obligations similar to those they will face as adults, requiring tough decisions and encouraging thoughtful discussion on how best to prioritize financial responsibilities. 

This financial literacy simulation is facilitated in partnership with The Ohio State University Extension – Geauga County, the Berkshire Jr/Sr High School and community volunteers.  In addition to the Real Money. Real World. simulation, the Ohio Treasurer’s office recognized Berkshire Jr/Sr High School for its commitment to the advancement of financial literacy.

“Financial literacy instruction is an important part of helping students lay the foundation for a successful future,” said Treasurer Mandel.  “I salute the dedicated parents, educators and community leaders who are preparing our students to positively impact Ohio’s economic future.”

Recent legislation requires financial literacy to be taught in schools throughout Ohio.  Senate Bill 311, which passed the Ohio General Assembly and was signed into law in 2007, requires Ohio schools to integrate the study of economics and financial literacy into one or more existing social studies credits so that every high school student receives financial instruction.  These new requirements became effective with the graduating class of 2014.

The Ohio Treasurer’s ‘Financial EDge’ financial literacy initiative leverages technology and public-private partnerships to assist teachers in meeting these financial education requirements and provides free financial education tools to parents, educators and students.

This effort is part of the Ohio Treasurer’s office ongoing commitment to providing financial literacy resources to all Ohioans.  For more information on these resources please visit www.OhioTreasurer.gov/Financial_Education

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