2023 Teach Students Money Expo Report : simplebooklet.com

ABOUT TEACH STUDENTSMONEY EXPOThe Teach Students Money Expo program is a hands-on learning experiencedesigned to teach students about real-world financial life skills. Through asimulated city called EightVille, students will learn about managing money,making wise financial decisions, and living responsibly in Central Florida.One of the program's main focuses is behavioral economics, as students decideabout their living standards and prioritize their needs versus wants. This willrequire them to think carefully about their spending choices and how they allocatetheir resources. The program also includes a range of businesses and volunteersoperating 20 storefronts, representing typical monthly expenses like housing,utilities, groceries, insurance, childcare, and transportation. By visiting thesestorefronts and making purchases, students will learn about the various costsassociated with daily living and how to budget effectively.Throughout the simulation, students must keep track of their finances and attemptto complete the activity with a positive balance. This will help them understandthe importance of managing their money effectively and their decisions' impact ontheir financial well-being. After the simulation, students are invited to postpersonal finance lessons to improve their financial management skills and makesmarter decisions in the future.8 CENTS IN A JAR - 2023 TEACH STUDENTS MONEY EXPO POST EVENT REPORT

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66%BY THE NUMBERS 47%0 25 50 75 1009-11 12-14 15-17 18+ Lashea Reaves,Executive DirectorSchools Represented23A breakdown of the 204students thatparticipated in theadulting challenge:Commissioner Mike Scott,Orange County, District 6Andersen DakotaJean-Louis,EightVille CountyCoin Commissioner,District 8339Overall Attendees71%LMI NeighborhoodsStudents in a federalassistance programChildren in low to moderate-income neighborhoods with anestablished savings account carrying a balance of $1-$499 are3X more likely to attend college and 4X more likely tograduate.Why do we collect these data points?Students without asavings accountStudents participating in their first financial literacyprogram...everStudent attendance by age group8 CENTS IN A JAR - 2023 TEACH STUDENTS MONEY EXPO POST EVENT REPORT15798921

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For two years in a row, students whoopted for the trade/vocational careerpath outperformed all other tracks by18%, with an average income of$79,000 for students in this category.Career Track:Bachelors 87%The field that attracted the highestdemand was the pursuit of abachelor's degree, however, it raisedthe most inquiries. 87% of studentsenjoyed their jobs but surprised withthe income they received.41%Career Track:High Schoolof students expressed contentmentwith their income, while the restrequested for increased educationalopportunities and higher-payingemployment.Career Track:Vocational/Trade99%of students loved their jobs, pay,discretionary spending, and theirquality of life. More than half areinterested in exploring vocationaltraining as a career choice. Career Track:Entreprenuership72%of entrepreneurs were shockedlearning they did not immediatelyreceive an income and asked forpart-time jobs citing their incomewas not sufficent to coveraffordable housing.S T U D E N T S ' R E A C T I O NThe scenarios in the simulation were determined by the student's educational aspirations, whichin turn impacted their career choices, monthly income, and quality of life. Upon completion of thesimulation, we conducted an exit survey to assess each student's satisfaction with their careerchoices and whether they would make the same decisions if they were adults today. Based on thefindings, it was revealed that:8 CENTS IN A JAR - 2023 TEACH STUDENTS MONEY EXPO POST EVENT REPORTbank account (138) credit scores (121) housing (119)income (89)save (111) career (90)taxes (91)jobs (90) lifestyle (81)loans (79)better (75)Top Keywords from Exit Survey:entrepreneur (85)kids (59)

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STUDENTS SAID The top three storefronts that provided the most realistic experience and were voted fan favorite by student residents are TAXES ALTAMONTE SPRINGS FL CHAPTER OF THE LINKS INCORPORATED BANKS BANK ON ORLANDO BANKS CITY NATIONAL BANK OF FLORIDA Students at the expo ranked housing as the third most important concern they care about They shared some of the insights they gained that showed how this issue affects them in reality Here are some of their quotes As a student I hear there aren t enough affordable homes in Orlando so I assumed I would live in an apartment forever At the Habitat for Humanity store I learned about buying a house even an expensive one and the steps I can take now to be a homeowner resident 8195 Wekiva High School I ve learned a lot about science and even astrology in school No offense to the moon and stars but what are my housing options after high school Did you know landlords look at your credit score With my 490 credit score I can t rent an apartment or buy a house That s CRAZY I am forever grateful for this opportunity resident 8043 Colonial High School STUDENTS DISCOVERIES College Yea or Nah I wasn t sure if I wanted to college and honestly I still don t know What I ve now learned is my high school diploma is not enough for the lifestyle I want Friends and Credit I ve learned so much about finances especially credit scores Every friend I have we are going to discuss credit A Livable Wage I was under the impression that a minimum wage was the goal LIES My new goal is to make more than the living wage and get a trade Two Generations I can t wait to tell my grandma what I learned I want to show her that we can invest I didn t think someone like me could do this but now I know I can and will Taxes Today They deduct taxes from your paycheck and then you have to file taxes and they tax you again I m now interested in accounting now because I know they get paid Parenting Pays My parents were right I cannot wait to get home and give them a hug I won t ask them for money I want to earn my money 8 CENTS IN A JAR 2023 TEACH STUDENTS MONEY EXPO POST EVENT REPORT

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TOP EXPO ENTREPRENEURS The Orlando MBDA Business Center and its latest partner 3D Strategic Management Inc guided students who aspired to be entrepreneurs The students built and managed their own businesses by pitching their ideas to investors selling their products and services and using their net earnings to make a living in EightVille The winners got recognition from all the attendees and an opportunity to continue growing their businesses and realize their entrepreneurial dreams The Orlando MBDA Business Center selected the top five students with the best business ideas that were innovative creative and feasible among those who chose entrepreneurship as their career option The students discovered that entrepreneurship is a challenging way to make money and requires resilience to thrive as self employed The entrepreneurship winner also received a Finance Fellowship with the U S Department of Commerce and a 600 summer stipend PARENTING PAYS Sponsored by Chase Bank Congratulations to our 2023 parent winner Ann Taylor for having her utility bill paid While students were exploring EightVille we had a delightful parents lounge for all adults to enjoy In addition we offered various financial workshops conducted by experts covering topics ranging from investing to raising money savvy kids Along with some excellent snacks attending each session allowed parents to win our grand prize which covers any household bill up to 280 8 CENTS IN A JAR 2023 TEACH STUDENTS MONEY EXPO POST EVENT REPORT

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OUR VENDORS AND OPERATORS 3D Strategic Management Altamonte Springs FL Chapter of The Links Incorporated Career Source of Central Florida Chase Bank City National Bank City of Orlando Families Park and Recreation Division Heart of Florida United Way Houghton Mifflin Harcourt McCoy Credit Union Oracle Orange County Public Schools Career and Technical Education Orange County Citizens Commission for Children Orlando MBDA Business Center Orlando Technical College South Campus Seaside Bank and Trust True Health The University of Central Florida Centsible Knights Financial Literacy Program 8 CENTS IN A JAR 2023 TEACH STUDENTS MONEY EXPO POST EVENT REPORT

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THIS PROGRAM WAS FUNDED IN FULL OR PART BY ORANGE COUNTY, FLORIDA.T H A N K Y O U !Thank you to everyone who attended the 2023 TeachStudents Money Expo! We are grateful for the support ofour sponsors, storefront operators, and volunteers,affectionately known as ‘Coin Changers.’ Our organizationis made up of six volunteers and freelancers that make allof our programs possible. We are already strategizing about enhancing the attendeeexperience for the 2024 season. Subscribe to ournewsletter and follow our social media channels to learnwhat we have planned.

2023 Teach Students Money Expo Report