Reality Check

Middle SchoolFinancial 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

Google: iseek Reality Check

Click on Reality Check Tool

Watch Video and thenClick on Reality Check Tool

Reality Check Tool

Reality Check Tool: Housing

Complete Reality Check Tool

Select Education, Career Cluster

No Occupations Found

Can Change Education or Expenses

Select Education, Career Cluster

15 Occupations, Dental Hygienist

Dental Hygienist Details

Update Postsecondary Plan

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