Preparing kids for reality is simpler than you think. Encouraging independence and learning the realtionship between action and consequence are huge steps for kids.

Parenting How-To's:
•Create a rotating chore chart to enable siblings to compete.
•Reward chore accomplishment and explain chore failure.
•Talk to your child (age appropriately) about the competition at school.

Preparing your child for reality
http://www.examiner.com/parenting-teens-in-st-louis/preparing-your-child...
Preparing your child for reality

Author's Bio: 

Pennee Struckman offers advice to help with parenting teens. Ms. Struckman has raised four teens, and lived to tell the tale.