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advertisement The Ambridge Area FCU recently sponsored a Financial Reality Fair to provide students with hands-on budgeting experience and personal finance management in a real world environment.
"We feel this is so important for our youth," said Sandra Kowal,
CEO of the Ambridge Area Federal Credit Union.
For more than an hour, students from the fair visited with representatives from area businesses, auto dealers, insurance agents and more, to obtain goods and services needed in everyday life.
The Financial Reality Fair is designed to teach students the value of using money responsibly. This "real world" exercise allows each student to choose a career and salary, and then budget their money wisely to make ends meet by role playing real life events for one month.
Students must find a place to live, obtain transportation, pay for food and other essentials. As in the real world, entertainment opportunities and other non-essential services are made available. Students document their income and expenses during the exercise and must balance their budget for the month, reviewing their final budget with a Financial Counselor.
In addition to local business owners, area Credit Union CEOs and their employees, Ambridge Area FCU staff and board members attended tohelp with the event as well as school board members and U.S. Rep. Keith Rothfus, R-Sewickley. Rothfus talked to some of the students as did High School Principal Barry King.
Like Ambridge Connection on Facebook, follow us on Twitter and sign up for our weekly newsletter.
"We feel this is so important for our youth," said Sandra Kowal,
CEO of the Ambridge Area Federal Credit Union.
For more than an hour, students from the fair visited with representatives from area businesses, auto dealers, insurance agents and more, to obtain goods and services needed in everyday life.
The Financial Reality Fair is designed to teach students the value of using money responsibly. This "real world" exercise allows each student to choose a career and salary, and then budget their money wisely to make ends meet by role playing real life events for one month.
Students must find a place to live, obtain transportation, pay for food and other essentials. As in the real world, entertainment opportunities and other non-essential services are made available. Students document their income and expenses during the exercise and must balance their budget for the month, reviewing their final budget with a Financial Counselor.
In addition to local business owners, area Credit Union CEOs and their employees, Ambridge Area FCU staff and board members attended tohelp with the event as well as school board members and U.S. Rep. Keith Rothfus, R-Sewickley. Rothfus talked to some of the students as did High School Principal Barry King.
Like Ambridge Connection on Facebook, follow us on Twitter and sign up for our weekly newsletter.
Photo submitted
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