BANGOR – In its 11th year, Financial Fitness is an event put on by the Bangor Chapter of Credit Unions and the Maine Credit Union League.
Each student receives a scenario packet of their life at the age of 22. That packet includes things such as, occupation, income, credit history to financing a home.
Bangor Federal Credit Union CEO, Steve Clark, says money management starts with smart decision making. “They have decisions that they will make at each booth, everything from buying a car to insuring a car, buying a home, or renting an apartment, and they have to take that income from the work that they are going to be in and divvy it up just a real like exercise.”
Each student picked a career before-hand, then based on that salary income made purchases at different booths set up. For some students, its their first time.
Colby White, 12th grade, Hermon High School, “I’ve gotten a small condo and I’m sharing it with a friend, I was just about to get a car, I got to the education, so I got to see my student loans those were about $1,200 a month I think.
Held at Eastern Maine Community College, six Bangor area high schools participated in the 90-minute event.