More than 200 students at East Rutherford High School got a firsthand look into the financial decisions they'll be making in the years ahead. Working with their teachers as well as a group of volunteers from State Employees' CU, Local Government FCU and others, students experienced the Reality of Money on Wednesday, October 30.
Developed by the Credit Union Development Educators (CUDEs) of North Carolina, the Reality of Money is an interactive, financial education simulation designed for students in grades 8 - 12. Students learn, as they participate, about the impact their choices make in their budget and lifestyle, as they are "transformed" into wage earning, bill paying and financially independent young adults.
The Reality of Money is available for credit unions in NC to use free-of-charge (credit unions may choose to make a voluntary gift to the Carolinas CU Foundation in support of the activities of the NC CUDE Network). "Experiential learning has been shown to be a powerful tool in helping people better manage their finances," said Jeff Hardin, NCCUL's Director of Communications. "The Reality of Money will assist students in North Carolina as they prepare to make key decisions that will impact their financial lives in the decades to come."
The NC CUDEs, which represent credit unions of all sizes, worked together over the past two years to develop the Reality of Money. The group's aim was twofold: to provide a powerful educational tool for NC's young people; and to enhance the level of cooperation among local credit unions by helping them collaborate on Reality of Money events.
The Reality of Money consists of a handbook that guides volunteer coordinators through the process of developing an event, plus all the worksheets and materials needed to hold the event.
If you would like more information on the Reality of Money, the Northwest Chapter will host a presentation about the program on Wednesday, November 13 in Winston-Salem. Click here for more information or to register for this meeting. You may also contact Jeff Hardin, the Reality of Money coordinator for the League, at (800) 822-8859, ext. 9063.