Financial Reality Fairs get A+ in 2017-2018

Posted by Laurie Okawa-Moore
on "July 20, 2018 9:17 am"

Mahalo to participating Hawaii credit unions for making Financial Reality Fairs in Hawaii's schools a huge success.

 

What are Financial Reality Fairs? Fun and interactive, Financial Reality Fairs give students a taste of real life money management.

At the beginning of a Financial Reality Fair, students receive a budget worksheet to complete line by line according to the life scenario they are given. They walked through life stages by stopping at tables to find an apartment or home, purchase a vehicle, cell phone plan, utilities, insurance, groceries, personal needs/hair care, fitness, clothing, fun activities, incidentals, and savings. Many temptations are put in their way to teach them how to balance their wants and needs to stay within their income. Their last stop is the “Wheel of Reality” where a random life event is applied to their budget worksheet (e.g., a new baby, change in job, etc.)

The student’s goal is to stay within budget and still have money left in their pockets. Once they budget for expenses, they meet with a credit union financial advisor to review and adjust. Students are encouraged to save a minimum of 10 percent of their income. The credit union financial advisors explore with them the importance of planning for future needs and preparing for future financial challenges through savings.

If your credit union would like to participate in a future Financial Reality Fair, please contact Matanuska Valley FCU Member Education Officer Kathy Morris at 808.379.7910 or This email address is being protected from spambots. You need JavaScript enabled to view it.