The H And R Block Challenge

The H and R Block challenge helps teenagers to understand future responsibilities such as paying bills on time and saving their finances. This activity gives young adults some knowledge about money, and helps them get a real life feel for managing expenses, saving money, investing in retirement, and paying taxes.
Before I started the simulation of the budget challenge, I did not know anything about personal finances. For the past sixteen years, my parents have been the ones to take care of the bills, so I was not really paying attention to the process of how it works. Also, I was not interested in learning in finances because i believed that i will eventually (magically) know when i become a adult. I thought this will be waste of my time because everyone already has some of prior knowledge of paying for supplies with money due to going to several places such as grocery store but there’s was more than i thought. i did not know there’s time limit to pay the bills and i thought it's only meant to be paid once in a year but i was completely wrong. In the beginning when i was in …show more content…
Although it was little annoying and bothersome at first and It definitely pressured me to pay in given time, but it was worth it. I could use these skills and knowledge i learned from this simulation in real life. The mistakes i made in this could help me avoid mistakes i will make in real life when i become a adult. I also learned many things through parents interview. My parents were focusing on studies until they became adults. They knew nothing about mangaging budgets like me 3 months ago. They had many trouble as young adults. The interview helped me to realize how important to know about finances stuff and i also got to hear about their stories so it was exciting and very interesting. My parents is happy that i learned this now so i dont have to go through as what they