Ted Klumb is a Commercial and Residential Real Estate agent with First Weber and CEO/Founder of TKOR, LLC property management (www.tedklumb.com). He lives and works in Menomonee Falls, is a graduate of UWM, and is married with two children. Ted is also a former member of the Menomonee Falls School Board, a faith development music teacher, and musician who’s enthusiasm far exceeds his talent.
Financial literacy, is a critical life skill for anyone graduating from high school., or dropping out.
Sadly, many students move on to college, jobs, military service, etc. without the basic skill of learning how to balance a checkbook. This makes budgeting next to impossible and credit woes the next step in a young person's life.
Today's financial crises, caused by those with MBAs in finance, would have been easily recognized as a house of cards by anyone with checkbook mastery and a strong dose of reality.
We are fortunate in D'Falls to have a dedicated business department that has taken measurable steps to prevent financial illiteracy in our students.
The Menomonee Falls High School Business and Information Technology Department will be hosting its 4th Annual Reality Check program on Thursday, March 19th at Davian's Conference Center in Menomonee Falls. The event runs from 7:30 a.m. to 2:30 p.m.
Reality Check 2009 is a life-like simulation that teaches personal finance to high school students. The project involves approximately 350 students and over 80 business and community volunteers. The students have a life scenario and a job situation. During the two-hour simulation, they move from booth to booth, making decisions and paying bills.
Students randomly select careers with an appropriate monthly salary. They open a checking account, and the first check they cut is to pay taxes. They are encouraged to open a 401K. Then they must get living quarters, a vehicle, pay child care if appropriate, medical insurance... you get the point.
This event is sponsored by local business (I will provide a list, with video of this event later) and no school district money is used to put on this valuable and high yielding event.
Thanks to the sponsors and the dedicated staff in the MFSD:
Jill Hughes, Business Information and Technology Instructor
Michelle Oliver - Business and Information Technology Instructor
Sara Burling - Business and Information Technology Instructor
Lisa Kiefer - Business and Information Technology Instructor
Nick Heiting - Business and Information Technology Instructor
Joe Seaman - Business and Information Technology Instructor
Jim Nitz - Business and Information Technology Instructor
Tami Strong - Business and Information Technology Instructor