Credit unions team with schools to give students life lesson - FINANCIAL-24
Eighteen-year-old Evan Scott ended up $336 in the hole with two children he couldn’t feed. Well, sort of.
Students from more than a dozen area high schools discovered Thursday just how difficult a game of real life can be. Credit unions throughout the region teamed with Owens Community College and Bowling Green State University to host “Finances 101: Walk the Walk, Talk the Talk” at OCC’s audio and visual classroom center.
Students were assigned an occupation and monthly salary, and had to spend their money wisely.
Each station threw a different decision or challenge the teens’ way. Students had to choose how much money to spend on a car, whether to buy insurance and how much to spend on it, and what style of housing to pick.
Evan, a senior at Penta Career Center, said he learned to be prepared for anything.
“A lot of the game was chance, and I broke my ankle and had to take work off. I also had pretty bad credit. Kids and bills are expensive.”
Students began by rolling a die to determine how many children they had. They visited about 10 stations, where they were faced with real-word situations. They paid bills, bought groceries, and were even thrown a couple curve balls.
The “stuff happens” table presented a surprise expense, such as an emergency room visit or your spouse needing glasses.
The final station gave students the chance to review their expenses with a credit union professional.
Penta junior Chad Conner, 17, said better decisions would have led to better finances.
“I could have gone with a smaller house and ended up slightly in the positive,” he said. “I probably should have put more in savings. I was pretty good up until I got groceries, and then all of a sudden, I spent over half my income on food.
“It’s a hard world out there unless you plan it out and budget it all.”
Matt Gies, Directions Credit Union director of training and development, said the game serves as a wake-up call for students. “Especially with children and daycare, they have no idea how much any of that is,” he said. “I think it helps them focus on their careers.”
More than 425 students from 14 schools participated.
“They’re learning what a budget is all about,” said Mary Beth Tice, training and education specialist at Directions Credit Union. “Working at a credit union, we see people come in who have no idea how to take care of their finances. So we feel going out in the community and doing this with high school kids is going to help them in the future.”
Students from more than a dozen area high schools discovered Thursday just how difficult a game of real life can be. Credit unions throughout the region teamed with Owens Community College and Bowling Green State University to host “Finances 101: Walk the Walk, Talk the Talk” at OCC’s audio and visual classroom center.
Students were assigned an occupation and monthly salary, and had to spend their money wisely.
Each station threw a different decision or challenge the teens’ way. Students had to choose how much money to spend on a car, whether to buy insurance and how much to spend on it, and what style of housing to pick.
Evan, a senior at Penta Career Center, said he learned to be prepared for anything.
“A lot of the game was chance, and I broke my ankle and had to take work off. I also had pretty bad credit. Kids and bills are expensive.”
Students began by rolling a die to determine how many children they had. They visited about 10 stations, where they were faced with real-word situations. They paid bills, bought groceries, and were even thrown a couple curve balls.
The “stuff happens” table presented a surprise expense, such as an emergency room visit or your spouse needing glasses.
The final station gave students the chance to review their expenses with a credit union professional.
Penta junior Chad Conner, 17, said better decisions would have led to better finances.
“I could have gone with a smaller house and ended up slightly in the positive,” he said. “I probably should have put more in savings. I was pretty good up until I got groceries, and then all of a sudden, I spent over half my income on food.
“It’s a hard world out there unless you plan it out and budget it all.”
Matt Gies, Directions Credit Union director of training and development, said the game serves as a wake-up call for students. “Especially with children and daycare, they have no idea how much any of that is,” he said. “I think it helps them focus on their careers.”
More than 425 students from 14 schools participated.
“They’re learning what a budget is all about,” said Mary Beth Tice, training and education specialist at Directions Credit Union. “Working at a credit union, we see people come in who have no idea how to take care of their finances. So we feel going out in the community and doing this with high school kids is going to help them in the future.”
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