On January 17, New Dimensions Federal Credit Union arrived at Messalonskee High School, in Oakland, and set up and put on a Financial Fitness Fair for around 720 students. The mission was to provide education on financial security and basic real-life budgeting concepts. The students chose a profession and were assigned an annual salary and credit score. They then visited several booths such as housing, furnishings, credit cards, autos, student loan debt, and more. The students rounded the booths complete with little twists such as the “Reality Wheel of life” that threw in real-life “curveballs” such as speeding tickets and cell phone repairs. The test was that they had to come back with a balanced budget at the end of the exercise which needed to include a savings plan.
New Dimensions FCU President/CEO, Ryan Poulin, met with Messalonskee High School to discuss the idea and ability to host a Financial Fitness Fair for the students. This was a huge undertaking. “The importance of educating our young people about financial stability and sustainability needs to be a priority. Not enough education is provided in this area and they are not always ready for the real world,” Poulin said.
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