Monday, April 25, 2011 11:35:00 AM
POMPTON LAKES, N.J. - Two local newspapers came out last Thursday to cover the Financial Reality Fair that New Jersey credit unions hosted at Pompton Lakes High School, and in two articles, the papers tout the program's real-life lessons.
A column titled "Students Get Lesson in Real-Life Finances" appeared in the Bergen Record newspaper and on NorthJersey.com on Sunday that applauded the Reality Fairs program. "Too many students were arriving in college or going into the business world with little understanding of financial choice, credit cards, interest rates, savings, budgets and other financial realities," the column states. But the new financial literacy requirement in schools and the Reality Fairs program are giving students insight into real-life budgeting.
The column pointed out how realistic the Fair was, complete with aggressive salespeople, starting salaries associated with the students' career choices, and a surprise at the end when students spun the Wheel of Reality.
"You got to see how much things cost," student Gage Manning told the Record. "It was realistic."
In addition to the Bergen Record's coverage of the Fair, an article titled "PLHS Freshman Learn About Budgeting Their Own Money" appeared in the Suburban Trends newspaper and on NorthJersey.com on Sunday as well. All of the students enjoyed the program, the article points out, and many learned valuable lessons for the future.
Student Meghean Dougherty told the paper, ""I thought it was really eye opening, like I didn't realize that you actually had to pay all of that. I knew you had to pay insurance and stuff, but I didn't know it would be so expensive."
The Bergen Record column can be found here.
The Suburban Trends article can be found here.