Survey of 51,647 students who completed Budget Challenge were asked: “Do you believe that this simulation experience has prevented future costly mistakes you would have made in the real world?”
84% Yes
16% No
These same students were also asked: “If a typical mistake in the real world costs between $30 and $40, how much in future fees would you estimate you saved by taking Budget Challenge?”
$0 (zero mistakes avoided) = 7.1%
$30-$40 (about 1 mistake avoided) = 20.0%
$60-$80 (about 2 mistakes avoided) = 30.9%
$90-$120 (about 3 mistakes avoided) = 18.2%
Over $120 (4 or more mistakes avoided) = 22.7%
Students expect to save over $80 because of Budget Challenge