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Maine CUs help students become financially fit
WESTBROOK, Maine (10/21/08)--Maine credit unions helped students become financially fit at the first-annual Financial Fitness Money Management Experience Wednesday in Topsham, Maine. About 220 students, the entire senior class at Mt. Ararat High School, participated in the half-day event. Students received an interactive “game of life” with a scenario packet of their lives at age 22, including their occupations, income and credit history. Students mapped out their financial future, financing housing, and purchasing food and clothing, said the Maine Credit Union League. “As high school seniors, these students are preparing to enter the
Adam Morris (right), Five County CU in Bath, Maine, helps a student during the Financial Fitness Money Management Experience in Topsham, Maine.
Roger Carbonneau (left) of Atlantic Regional FCU, Brunswick, reviews credit options with a student during the Financial Fitness Money Management Experience. (Photos provided by the Maine Credit Union League)
real world, be it through applying to college or joining the work force,” said Jon Paradise, Maine league governmental and public affairs manager. “It is critical they gain a strong understanding of money and how to spend and save. The interactive nature of this event allows them to do just that.” Students remarked that the event gave them a “dose of reality.” “This fair showed me that I’m going to have to make some tough choices,” one student said. “It took me a couple of times to get a spending plan that didn’t have me in debt. This was a really helpful day.” Credit unions participating in the event included:
* Atlantic Regional FCU, Brunswick; * Five County FCU, Bath; * Midcoast FCU, Bath; * Lisbon ME FCU, Lisbon; and * Down East CU, Baileyville.
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