On Wednesday, April 18, Drew Transition Center, a post-secondary vocational center for special needs students ages 20-26, launched R U Ready 4 BIZness, a unique skit-oriented entrepreneurship curriculum, in partnership with the Federal Reserve Bank of Chicago-Detroit branch. The new curriculum kicked off Wednesday in advance of Money Smart Week.
The Michigan House passed a resolution declaring April 21-28, 2012, as Money Smart Week in Michigan, highlighting the importance of financial education for all Michiganders.
“Financial literacy is essential to being successful in the adult world,” said Drew Principal Robert Avedisian. “This simulation will provide our students the opportunity to learn the impact of credit rating on everyday living. Our staff members have created a wonderful learning experience for our students.”
As part of the curriculum, Drew Transition Center students, as well as students from other Detroit Public Schools, participated in a new financial literacy simulation entitled “Surviving in the Real World.” Students developed micro-business stations in the media center, and on Wednesday, they ran a simulated car dealership, bank, payment center, insurance company and grocery store. Students began by choosing their career, household size and credit score at random, and then stopped at each station to manage their bills and make purchases. The goal of the simulation is for students to learn how credit, career and income affect their decisions and dictate their lifestyle and to assist the students in readying for the world outside of the classroom.