Financial literacy is a quality we all hope to have, but how many of us are actually financially literate?
An important goal for Credit Unions is to increase their members financial educations in order to help them better manage their money on a day-to-day basis. Money management is a constant concern, whether you’re in high school, college, or retiring, so wouldn’t it be great if someone could spend a day teaching you how to go about managing your money? It would! That’s why every year the Credit Union League of Connecticut hosts a mock Financial Reality Fair.
Essentially, the Fair is a mock budgeting process where individuals are assigned a salary and expenses and they have to create a balanced budget. Creating a balanced budget is an ongoing experience for many of us, but with the products and services offered by credit unions, members can take control of their finances and invest in their future.
The Financial Reality Fair of 2011 is happening Wednesday March 30th at Housatonic Community College in Bridgeport, and as VP of Unbanking I volunteered to help guide students through their budgeting process.
Do you think you need to attend a mock reality fair to learn good habits? Or how else did you learn to be ‘financially literate’?
Next Friday, April 1, I’ll post a follow-up blog letting everyone know how the Fair went and all the new money management skills I picked up!
Erin King, VP of Unbanking