Abstract: A method of teaching personal financial skills to a student includes providing a balance of simulated funds within a simulated bank account. Simulated bills are transmitted to a student on a periodic basis via at least one of a courier and an electronic transmission, wherein at least some of the simulated bills are transmitted on different dates and impose different due dates. Simulated payments are received from a student corresponding to the simulated bills via at least one of a courier and an electronic transmission. The simulated payments are processed upon receipt and the balance of the simulated funds is reconciled within the simulated bank account to reflect the simulated payments. A computer usable media having encoded thereon a computer implemented method for simulating financial transactions is also provided. System and kits are also provided.

Abstract: A method of teaching personal financial skills to a student includes providing a balance of simulated funds within a simulated bank account. Simulated bills are transmitted to a student on a periodic basis via at least one of a courier and an electronic transmission, wherein at least some of the simulated bills are transmitted on different dates and impose different due dates. Simulated payments are received from a student corresponding to the simulated bills via at least one of a courier and an electronic transmission. The simulated payments are processed upon receipt and the balance of the simulated funds is reconciled within the simulated bank account to reflect the simulated payments. A computer usable media having encoded thereon a computer implemented method for simulating financial transactions is also provided. System and kits are also provided.