Wed, Apr 19, 2017
District Of Columbia
It’s spring break this week for DC Public Schools, but nearly 50 students spent part of their time away from the classroom learning how to be financially responsible. They attended a Financial Reality Fair on Tuesday hosted by The DC Chapter of the MD|DC Credit Union Association at the Metropolitan Police Department’s Youth and Family Services Division. More than 20 volunteers from credit unions and business partners participated and helped teach students basic money management skills. Several MPD officers also pitched in to help.
Students were assigned a career and monthly salary, and had to figure out how to live within their means while paying for basics such as housing, utilities, transportation, clothing and food. They visited mock merchants to consider housing, transportation and insurance options. As in the real world, there were opportunities for additional spending on entertainment, pets, vacations and other non-essentials. There was even an element of surprise with a “wheel of reality” that could throw a curveball into their budgets with an unplanned expense or a windfall of cash.
To make sure their budgets added up, students reviewed their budgets with a financial counselor. Thanks to the volunteers:
APG Federal Credit Union
Democracy Federal Credit Union
Department of Commerce Federal Credit Union
Educational Systems Federal Credit Union
Hoya Federal Credit Union
Interior Federal Credit Union
Library of Congress Federal Credit Union
Market USA Federal Credit Union
Money One Federal Credit Union
National Alliance of Postal and Federal Employees FCU
NIH Federal Credit Union
PAHO/WHO Federal Credit Union
Police Federal Credit Union
The Partnership Federal Credit Union
Credit Union Miracle Day
Thanks to the Metropolitan Police Department’s Youth & Family Division for partnering with credit unions.