Emma Brooks– Mustangs Ahead
(LAKEWOOD RANCH, FL) – LRHS hosted the annual “Big Bank Theory” Tuesday. The Manatee County Chamber of Commerce refers to the Big Bank theory as a financial literacy program for high school seniors in Manatee County.
Big Bank Theory engages students in a hands-on, real-life financial simulation that introduces them to the realities of being a financially responsible adult. Senior Brady Roberts thought the program was incredibly helpful, “It teaches you how to manage your money later in life and the skills you need to be successful.”
Each student is assigned “a life” that determines their job, salary, marital status, and family. “I really enjoyed the experience, I think it will be useful for my future. However, I wish we had more control of our ‘lives,’” said senior Dee Evans.
Volunteers mentored the students as they visited various stations representing typical expenses young adults face. Students must visit each booth that represents something from life. These include the automotive booth, back-to-school, child care, clothing, credit card company, financial institution, insurance, jobs, entertainment, realty, supermarket, utilities, and a ‘That’s Life’ booth for unexpected expenses.
“This program gives seniors a shot at understanding what adult life is like, it reinforces the idea that the more educated you are, the more jobs and opportunities you can have in the future,” said LRHS social studies teacher Rob Moates.
Mustangs also could register or pre-register to vote at the “Your Vote Counts” booth.
“The Big Bank Theory is a great learning experience for the students, they get to see what it’s like in the real world and the challenges that adulthood holds,” said volunteer Kellye Fredrick, who ran the utilities booth.