BANGOR – Local High School students gathered in the Eastern Maine Community College’s Johnston Gymnasium Tuesday morning to learn how to budget his or her money correctly from representatives with the Bangor Chapter of Credit Unions and Maine Credit Union League officials.
It was the 11th annual Financial Fitness Money Management Experience which focused on educating high school students with valuable tips and tools to improve their money management skills.
Organizers prepared up to ten booths to prepare for the over 100-hundred students who attended the special event. Students from Bangor Christian Academy, Brewer High School, Bucksport High School, Hermon High School, Orono High School, and United Technologies Center participated in the hands-on learning activity.
Students were given a scenario packet of their life at age twenty-two. The packet included the occupation he or she selected prior to Tuesday’s event, income, and credit history. From there, students mapped out their financial future from financing a home, to purchasing food, clothing, and a car.
CEO of Bangor Federal Credit Union, Steve Clark reminded students that “it takes smart decision making in your budget to be successful.”
“I know that what we see in the credit unions is that a lot of bad decisions are made early on because the education isn’t there and it makes it difficult for the kids to get off on the wrong foot.” said Clark.
Formed in 1938, the Maine Credit Union League is the State Trade Association for Maine’s 60 credit unions and more than 651,000 members, providing a variety of services and products to assist credit unions in meeting the needs of their membership.
More information can be found at www.mainecul.org