DEFIANCE, Ohio – One of the most difficult lessons for a high school graduate entering the “real world” is learning to handle personal finances. Credit Unions in Northwest Ohio have partnered with Defiance College to help set young people on the right financial path with a life-sized interactive game full of life lessons through “Finances 101: Walk the Walk, Talk the Talk.”
Nearly 600 high school and junior high students from Northwest Ohio schools are expected to participate in the event taking place on Thursday, Nov. 29, at Defiance College’s George M. Smart Athletic Center & Karl H. Weaner Center from 8:30 a.m. until 2:00 p.m.
The student’s “life” experience will include:
-A salary-based job
-The opportunity to have children, purchase a home and car, acquire insurance and pay utilities
-Paying bills and managing money
-Uncertainties including unexpected expenses
“Ohio high school students should graduate equipped not just with a degree, but also with real world financial skills so that they can make smart money choices for their future. By teaching young Ohioans about financial literacy, we can help prepare them to live, work, prosper and raise families in our great state,” said Brenda Averesch, Assistant Dean of Admissions and Financial Aid at Defiance College. “The Finances 101 program offers young Ohioans critical money management tools to help them avoid financial pitfalls, make smart decisions, and develop good personal finance habits that will benefit them for the rest of their lives.”
By completing this session, students will learn about a number of things including how earnings impact buying decisions, what it costs to run a household, and how to prevent spending beyond their means. Students across Ohio and the nation can experience these same situations through the online version at www.Finances101theGame.org. Participation in either version is at no-cost to students or schools. Learn more about credit unions at www.ASmarterChoice.org.
Defiance College, chartered in 1850, is an independent, liberal arts-based institution in Northwest Ohio offering more than 40 undergraduate programs of study as well as graduate programs in education and business. Defiance College has received national recognition for its educational experience of service and engagement. The college website is www.defiance.edu.
The NW Ohio Credit Union Alliance of the Ohio Credit Union League is a local trade association representing 40 local credit unions. Credit unions are not-for-profit financial cooperatives owned and democratically controlled by their members. Northwest Ohio credit unions provide savings, loans and other consumer financial services to over 200,000 members.