POTTSTOWN, Penn.–During the third annual Financial Reality Fair at Pottstown High School, sponsored by a number of credit unions, approximately 150 students participated in the "hands on" budgeting exercise to learn more about personal financial management in a one-day "real world" environment.
In preparation for the Reality Fair, students chose a career and were provided with an in-depth budgeting sheet based on that career’s education level and salary.
Students were required to budget their money wisely to make ends meet for one month. Students visited 13 booths to find a place to live, obtain transportation, buy a cell phone, and pay for food and other essentials needed in everyday life. After visiting all of the booths, students balanced their budgets and reviewed their worksheet with a financial counselor.
John Faust, President/CEO of Diamond Credit Union and Andrew C. Pistoria, President/CEO of Tri County Area Federal Credit Union, agreed that this event is a great example of credit unions working together to promote financial literacy.
The Reality Fair was coordinated by the marketing teams at Diamond CU and Tri County Area FCU.