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CUNA money management program featured in article
MADISON, Wis. (5/6/08)--A money management simulation program designed by the Credit Union National Association (CUNA) was among the programs featured in an article about programs to teach teens financial literacy through simulated situations. Mad City Money, based on a curriculum created by CUNA, was an event held at La Follette High School and Memorial High School in Madison. The event was sponsored by Heartland CU (Wisconsin State Journal May 4). Donna Kennedy, a business education teacher at La Follette, put together the program for her school and for Memorial. Another teacher, Anna D'Amelio, secured a grant for $5,000 from the Governor's Council on Financial Literacy. About 250 students participated in La Follette. They were given an occupation, salary, spouse, student loan debt, credit card debt and medical insurance payments. They visited stations staffed by volunteers posing as merchants selling housing, transportation, food, household necessities, clothing, day care and more. At the end of the event, students had to stop by the credit union booth to see if they spent their money wisely. The goal at the end was to have some money left. Kennedy said she would eventually like to get the event started at all high schools in Madison.
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