![]() A credit plan identifying steps to improve the student’s credit profile.A cost of living analysis based on the geographic location of the student’s prospective jobs. ![]() A budget allocation report based on projected salaries for careers related to the student’s major.A 30-second elevator pitch response to, “Why should we hire you?”.An up-to-date, polished LinkedIn profile.A professional résumé and cover letter targeted to the student’s career goals.InSight teaches students the skills and strategies to position themselves in their careers and manage their personal finances and wellness. The Game of Life falls under Champlain’s unique InSight program-a four-year career and financial education that’s overseen by Champlain’s Career Collaborative. During the Game of Life budgeting simulation, students are assigned salaries based on their majors, visit booths that offer life essentials and nice-to-haves, and make choices about their expenses in order to balance their budget at the end of the game.Ĭhamplain College has made quality personal finance education an essential and mandatory part of their curriculum. They will graduate having a personal budget allocation plan already in place. Plus, because students do it in their first year, everyone has plenty of time to reevaluate their goals and sharpen their personal finance skills over their remaining years at Champlain. So what makes the Game of Life so special? It is a low-pressure way for students to explore what their financial future could look like after graduation. “Many of these students realize that they actually can’t afford the things they chose, and they might have to go back and get a roommate or decide to take public transportation instead of buying a car,” says John Pelletier, Director of Champlain’s Center for Financial Literacy, whose office contributes to and supports the program. Photo by Duncan Persons, ‘19 // Communication. At the end of the Game of Life, students meet with financial counselors to discuss their decisions and learn about cost of living, employee benefits, income taxes, student loan installments, and retirement plans. After they’ve made their way around the room, the students balance their budgets and meet with financial counselors to discuss their decisions and learn about things like cost of living, employee benefits, income taxes, student loan installments, retirement plans, and other personal finance topics. To play the game, students make choices about these everyday expenses, and develop a monthly budget. They visit booths that offer entertainment, groceries, transportation, insurance, pet care, clothing, and more. During Champlain College’s Game of Life, first-year students are are turned loose in a room full of options after they are assigned salaries based on their majors.
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