Welcome to the life simulator!
Before you get started, let’s touch base on what you’re about to do:
Money Experience is a financial education program. You’ll be able to make decisions in a life simulator and you’ll see the impact that those decisions have on both your financial health and your quality of life.
The simulator will guide you through life but not necessarily be your life. You can make choices that are similar to ones you have made already, or you can make completely different ones and see how they change different outcomes.
Remember, the simulation uses general assumptions based on real averages and historical data, but will not exactly reflect what your life will be like in the future.
A few notes about how it works:
- Throughout, you can rank your priorities in life and change them as you go along. This is a key component to understanding how your decisions affect your quality of life.
- There are 9 chapters and each one revolves around a phase of life, like going to college or starting a family. We use a graphic-novel format to convey ideas, with relatable characters to make abstract concepts easy to understand.
- On the right hand side of your screen, you’ll see a section we refer to as your ‘wallet’. The wallet contains a chart we call the priority rose, where the size of each petal represents how important that priority is to you, as well as additional charts showing information about your savings and spending.
- You can click on the FINANCES tab to see a detailed summary of your financial status.
- If you’re not familiar with a term or concept you encounter in the simulator, click the HELP button
- In the first chapter, you’ll set up a starting profile. You may choose to set up this profile in a way that looks similar (though not identical) to your life now or be completely different. The choice is yours!
- The starting profile begins at the age of 22 and will serve as the foundation for your simulated life. With this in mind, you can choose to make additional choices on the dashboard at the end of the chapter to see how they play out over time. Optional narratives include simulating credit card debt, higher education, home ownership, and more.
At the end of each chapter you’ll see if the decisions you made are aligned with your priorities and a snapshot of your financial status.
When you’ve completed the simulator, you can use the left hand menu to reset back to the beginning of any chapter if you’d like to make alternate decisions and test their outcomes.