One of the most difficult lessons for a high school graduate entering the “real world” is learning to handle personal finances. Credit Unions in Northwest Ohio recently partnered with the University of Toledo and the Office of Ohio Treasurer of State, Josh Mandel to help set young people on the right financial path with a life-sized interactive game full of life lessons through “Finances 101: Walk the Walk, Talk the Talk.”
More than 200 high school students from nine Northwest Ohio schools, including Clay, Genoa and Northwood, participated in the event, held April 10 in the University of Toledo’s Student Union.
The student’s “life” experience included:
• A salary-based job;
• The “opportunity” to have children, purchase a home and car, acquire insurance and pay utilities and other bills;
• Managing bills and money;
• Uncertainties, including unexpected expenses.
“Ohio high school students should graduate equipped not just with a degree, but also with real-world financial skills so that they can make smart money choices for their future. By teaching young Ohioans about financial literacy, we can help prepare them to live, work, prosper and raise families in our great state,” Treasurer Mandel said. “The Finances 101 program offers young Ohioans critical money management tools to help them avoid financial pitfalls, make smart decisions and develop good personal finance habits that will benefit them for the rest of their lives.”
By completing the session, students learned about a number of things, including how earnings impact buying decisions, what it costs to run a household and how to prevent spending beyond their means.
Students across Ohio and the nation can experience these same situations through the online version at www.Finances101theGame.org. Participation in either version is at no-cost to students or schools.
Learn more about credit unions at www.ASmarterChoice.org.