JA Finance Park Denver: Experiential Financial Literacy

JA Finance Park Denver, a program of Junior Achievement-Rocky Mountain, Inc., provides middle and high school students with a hands-on, immersive experience in personal finance and career exploration. This dynamic simulation is designed to bridge the gap between classroom learning and real-world financial realities, empowering students to make informed decisions and develop sound financial habits.

The Immersion Experience

The program begins with classroom curriculum focused on topics like budgeting, income, expenses, credit, savings, and investments. Students learn about different career options, their potential earnings, and the lifestyle choices associated with various income levels. This foundational knowledge prepares them for the culminating event: the JA Finance Park simulation.

At JA Finance Park, students receive a hypothetical life scenario that includes their marital status, family size, career, and income. They then navigate a simulated city filled with storefronts representing various businesses and services, such as housing, transportation, healthcare, food, entertainment, and insurance. Students must make responsible financial decisions based on their assigned scenario and budget.

Working within the confines of their budget, students interact with volunteers from the local business community, who act as consultants and mentors. These volunteers provide guidance and support as students make choices about housing, transportation, and other essential expenses. They help students understand the trade-offs involved in financial decision-making and the importance of prioritizing needs versus wants.

Learning Through Doing

One of the key strengths of JA Finance Park is its experiential learning approach. Students learn by doing, which helps them retain information more effectively than traditional lecture-based methods. They grapple with the challenges of balancing a budget, managing debt, and saving for the future. This hands-on experience provides a valuable understanding of the complexities of personal finance.

Furthermore, the program encourages critical thinking and problem-solving skills. Students must analyze their financial situation, evaluate different options, and make informed decisions that align with their goals. They also learn the importance of collaboration and communication as they interact with volunteers and other students.

Impact and Benefits

JA Finance Park Denver has a significant impact on the financial literacy of participating students. By providing them with a realistic and engaging simulation, the program helps them develop a deeper understanding of personal finance concepts and the skills necessary to manage their money effectively. Students gain confidence in their ability to make sound financial decisions and plan for their future.

Ultimately, JA Finance Park equips students with the knowledge and skills they need to become financially responsible adults. By fostering financial literacy, the program contributes to a stronger and more prosperous community.