Thanks to Maine’s credit unions, high school students from across the state are getting the opportunity to get a glimpse of what it means to make decisions about their financial future, without the consequences! This is the idea behind the regional Financial Fitness Fairs hosted by Maine’s credit unions each year.
The Financial Fitness Money Management Experience is a half-day event during which students receive a scenario packet of their life at age 22, which includes their occupations, income and credit history. From there, students map out their financial future from financing their housing to purchasing food and clothing. They also experience the consequences that come from having a high or low credit score, a great advantage compared to the many who only realize what a credit score is when they are declined for a loan! Not only does this dose of reality give students an incentive to start preparing for their future today, it also gives them a greater appreciation for the challenges their parents are faced with each day.
To find out more about how Maine’s Credit Unions can help you gain a better understanding of your finances, or for more information about Financial Fitness Fairs, click here.
-Diana D., Maine Credit Union League
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