The Mt. Everest Money Simulation is a Money Educational Adventure that teaches kids aged 8-13 how to set money goals, how to save money, plus much more. Each group of kids is placed in an Everest Ground Support Team, with a financial professional as their expedition leader. Our mission is to get Erik, our fictitious Everest Climber, to the summit of Everest and back without going into debt. Because, while Erik dreams of summitting Mt. Everest, he has no clue how to do it financially. We help him create a savings plan based around 4 key decisions we make as a team. Such as: will Erik save up an emergency fund on top of the trip costs? Will he "splurge" on Evacuation Insurance? And will Erik rent or buy three specific pieces of equipment? Based off of our team decision-making, we come up with a target savings amount. Then we'll figure out how long it will take Erik to summit, based on how much he can afford from his paycheck each month. Then...the fun really starts! We fast-forward into time to the exact date of Erik's climb. Through pre-recorded dispatches, we're given updates of his climb, as well as several money problems he's thrown while attempting to summit Mt. Everest. The solutions we come up with as a team will be entirely dictated by the prior decisions we've made together, passing along the very important lesson that money decisions have consequences (both good AND bad ones). No two simulations turn out the same. They can't; there are too many variables involved for that!
Details
- Author
- Amanda L Grossman
- Released
- 2018
- Format and Delivery
- Resource Type
- Target Audience
- Languages
- English
- Contact Information
- 4434803729