Students Play a "Real" Game of Life

Students Play a "Real" Game of Life
Posted on 09/17/2018
This is the image for the news article titled Students Play a "Real" Game of LifeSeven Generation Money Management (7G MM) is a hands-on financial literacy game for Native American youth to increase their money management skills and give them a basic understanding of investing, opening a bank account, purchasing a car, renting an apartment, buying a house and other life skills.

The game has been offered to ALA students the past three years.

The scenario: Up to 13 mock businesses. Student are given the control over their finances. Two main rules apply in the game:

  1. Students must have a place to live: either they enroll in college and stay in the dorm, they rent an apartment, or purchase a house
  2. Students must pay their taxes at least once in the game.

The game: Students are given a tribal ID card and a ledger. Students play a one hour session. To simulate real-life experience, the one hour session corresponds to one year and every 15 minutes corresponds to three months. If a student has agreed to an installment loan, e.g., at the car dealership, then they will be responsible to make payments every 15 minutes. They transact with businesses of their choice. How they spend their money is up to them.

More information about 7G MM can be found here.

Students recently played the game - watch!
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