LOC has a long history in the financial education of our young members through our student-run credit unions at local schools. This May, with support from the Michigan Credit Union Foundation, we will be hosting a Financial Reality Fair for a select group of Howell High School students.
A Financial Reality Fair is an interactive learning experience that allows students to simulate living on their own for a month in the real world. Teens actively discover for themselves the choices that will affect their financial future as they make decisions on expenditures while balancing their budgets. Students are provided with an identity consisting of a job, a starting salary, a credit score and possibly student loans. They then visit several stations to obtain the goods and services they need to live on their own such as food, transportation and housing. Students end the experience at the financial counseling station to ensure they have balanced their budgets and review choices that could improve their financial future.
Part of the success of these Financial Reality Fairs is due to the participation of local businesses and community leaders. We are pleased that Howell High School has agreed to partner with us to host our event.