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.What is the a major key to making a good income?  Get a postsecondary education 2.What is the average annual income for a high school dropout?  $19,300 3.For a family of four in Minneapolis, what are the average annual costs for their necessities?  $56,400

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Reality Check Tool: Housing

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15 Occupations, Dental Hygienist

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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