Thursday, May 8, 2014 (Farmers Branch, Texas) – On May 13th, Hudson High School students will get an important lesson in money management, thanks to the Pineywoods Chapter of Credit Unions (Chapter). Some 40 students are expected to participate in the CU 4 Reality Financial Education Fair, which will give participants a chance to see how career selection impacts their financial well-being and their life choices.
Through this simulated real-world environment, CU 4 Reality Financial Education Fair participants will create a spending plan based on a salary and juggle needs versus wants to make sure they are living within their means. Participants will meet with representatives of auto dealerships, realtors, lenders, utility providers, retailers and others to help them understand the real expenses they will face in adulthood and the choices they’ll need to make to avoid falling in to debt. The exercise reinforces the importance of sound money management and brings students one step closer to the types of financial pitfalls they may encounter in the “real world.”
The Cornerstone Credit Union League is able to make the CU 4 Reality Fair available to credit unions and chapters because of support received from the Cornerstone Foundation, the Friends of Consumer Freedom and the National Credit Union Foundation.
“The Pineywoods Chapter of Credit Unions understands the importance of financial responsibility and we want to show it in a fun and exciting way to the students at Hudson High School,” says Lufkin Federal Credit Union CEO Julianne Slusher and vice president for the Pineywoods Chapter. “These students from the time they first make money at a part-time job until long after they retire will need to be responsible and manage their money in a way that we more seasoned adults do not.”
“These students may not have Social Security, or company retirement plans to fall back on. Their future could be what they save, so it’s critical that they have the tools to do so,” Slusher continued.