It’s happened to a lot of us. We graduate from high school or college, we head out into the world and we find ourselves drowning in financial debt.
Times have changed though, and young adults are learning to be financially responsible at a much younger age than many of us were years ago.
We’ve also learned that sometimes a reality check can do wonders.
LAFCU presented its second Financial Reality Fair for the seniors at Lansing Christian School in January.
“We are so grateful for LAFCU’s partnership in equipping students with the essential skill of financial stewardship,” said Andrew Kleyn, Lansing Christian School middle and high school principal. “Financial literacy is important and fits well with the students’ holistic education. This fair complements our curriculum and provides additional voices and experts to benefit student learning.”
The fair allowed LAFCU employees and several faculty members of Lansing Christian School an opportunity to provide one-on-one guidance to students tasked to create real-life budgets. The students used estimated salaries based on pre-selected careers. They were assigned credit scores as well.
Students then visited booths to identify expenses they might incur once living on their own in the real world. At the final booth, a LAFCU financial counselor helped students explore ways to improve their financial decision-making.
“It’s all about priorities at the final station because all decisions in financial budgeting are connected,” said Alyssa Troub, LAFCU marketing and communications specialist. “For example, if they compromise on a less costly apartment or get a used car instead of a new one, they may be able to do and save more.”
LAFCU Financial Reality Fairs are presented with assistance from Michigan Credit Union Foundation.