Souhegan High students students get a fair lesson in finances at CU 4 Reality Financial Fair
Souhegan High School freshman Andrew Whitney spins the Wheel of Reality, winning a $500 bonus at the CU 4 Reality Financial Fair Monday at America’s Credit Union Museum in Manchester. (PAT GROSSMITH/UNION LEADER)
And what a jolt of reality Souhegan High School students got Monday about how much money they will need to earn just to survive on their own day to day.
The students already prepared for the event, having studied money management for a semester as part of the CU 4 Reality program developed by the Financial Literacy Education Committee and the New Hampshire Credit Union League. (Two additional sessions of the program are planned for May 7 at the McLaughlin Middle School gymnasium in Manchester.)
Once the necessities of life were covered, the teens learned they then could splurge on entertainment, concert tickets, a new computer or a night out.
As a way of hitting home that, in life, sometimes there are unexpected expenses, and the occasional windfall, each student stepped up to spin the "Wheel of Reality," where Richard Arcand of the state banking epartment explained they had a 50/50 chance of something good or bad happening.
Felicia Barner, who plans to be an advertising manager, landed on the $200 refrigerator repair, while Ben Platt spun the wheel to win a $500 bonus. One young woman was thrilled to get a $500 inheritance. The number one rule, the students were told, was to pay yourself first. That could be as little as $50 or $100 a month.
Claire Castanino, Bellwether's executive vice president and chief operating officer, said the program prepares students for financial challenges they'll face as young adults.
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