Carteret, N.J. - On Tuesday, November 16, New Jersey credit unions gave Carteret High School students from grades 9 through 12 the opportunity to put their financial literacy skills to the test by participating in a Financial Reality Fair. New Jersey credit unions are offering the Fairs to high schools through the REAL Solutions initiative.
Thirty volunteers from credit unions throughout New Jersey spent the early part of the school day manning booths and interacting with over 80 students, providing them the hands-on experience of completing a monthly budget.
From 9 a.m. to 11:30 a.m., students from economics classes came to gym, which was transformed into a Reality Fair, in twenty minutes intervals. Each class visited the 13 booths and the spun the Wheel of Reality. Students went through the experience of financing cars and furniture, figuring out living situations, and sometimes making some extravagant purchases along the way.
Financial Counselors took time with each student at the end of the period, going over the students' monthly expenses and one-time purchases, offering advice and guidance. All of the students enjoyed the hands-on, interactive experience and were awakened to the reality of financing and budgeting on a monthly basis.
The Reality Fair team would like to thank everyone for their help in making sure these fairs are a success. Special thanks to ABCO FCU, First Jersey FCU, Garden Savings FCU, MidState FCU and the New Jersey Credit Union Foundation and National Credit Union Foundation for making these events possible through direct contributions, fundraising and grants.