Financial fitness fairs are in full swing this month!
Financial fitness fairs happen for high schoolers across the state. Maine's Credit Unions are working hard to get into schools, and help students understand what life is like after high school.
The fairs are fun because you get to live life in your 20s, without actually having to worry about paying the bills. At a financial fitness fair, you learn all about responsible money management, and how to balance a budget. You are given a monthly salary, then you visit each booth to decide what you will buy.
Some of the booths include Housing, Food, Transportation, Savings, Home Furnishings, Entertainment, etc. Like in real life, you're given the choice of what to buy, but you learn quickly that your monthly salary has its limits!
One of the most important things you learn is to save money. Paying yourself first has major benefits, and can give you a major boost in some major life purchases, like a home, vacation, or car. Having enough savings can also prevent you from spiraling into debt because of an unexpected expense or emergency.
Here are some photos of today's financial fitness fair at Kennebec Valley Community College with the Kennebec Chapter of Credit Unions!