Hundreds of thousands of students around the country each year have access to financial literacy training through classroom presentations. Many of these classroom presentations are given my credit union staff and in numerous cases these initiatives have been pioneered by credit unions. However, a new concept in financial literacy education is sweeping the country and again it is credit unions that are leading the charge.
Reality Fairs, or Credit for Life Fairs as they are known are being organized by credit unions to give middle and high school students the opportunity to learn about managing their money in a practical and fun way. The Fairs are usually held in school gymnasiums, for two to three hours. They are staffed by 50 to 80 credit union volunteers. Students are given a job and an income and have to learn to live within their income by visiting booths designed to cater to their essential needs and to tempt them to part with their money, just as in real life.
Have you done a reality fair? What have you learned from the experience?