MSUFCU hosts Financial Reality Fair for Local High School Students
MSUFCU hosted a Financial Reality Fair for local high school students at Sexton High School in Lansing on Thursday, April 20, 2017. More than 85 students from Sexton High School, Eastern High School, and Everett High School participated in the fair to learn about budgeting and financing using “real life” examples.
Students were able to visit 13 booths, each representing different areas of life expenses. Booths included charity, clothing, credit union (to help with loans and major purchases), financial counselor (to help guide students’ decisions), food, furniture, housing, leisure, lifestyles, part-time jobs, surprise (life events that either positively or negatively affected budgets), transportation, and TV, phone, and internet packages.
To make the experience more realistic, each student was assigned a career, for which they were given a starting salary. If careers assigned to students required college degrees or specialized certifications, they were faced with student loan debts that impacted their budgets.
At each booth, employees and interns from MSUFCU’s Sales and Financial Education Departments, as well as volunteers from Junior Achievement, worked with students to help them understand how much they could spend in each area. Some students were surprised how much some expenses cost, such as housing and a car payment. One student said “getting an apartment and a car showed me that money can be used so fast.” While others felt reassured that their salaries and expenses provided them with comfortable lifestyles: “it gave me a sense of relief for the future.” Another said “my favorite part was giving my money that was left over to Make-A-Wish.”
“I am just so grateful to be able to visit Sexton High School and offer this amazing experience to kids that may never be able to learn about budgets until it’s too late!” said Cecilia, an MSUFCU employee. “As a graduate of the Lansing Schools, I take pride in giving back in hopes that they will take what they learned to help each of them in the future!”