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Making Sense of Mad Money For High Schoolers
posted (October 20, 2014)
Two weeks ago we told you about the local Credit Unions plan to redefine their services to cater to the saving and spending patterns of youths. Today St. John's Credit Union engaged the students at Maud Williams High School in this process by teaching them all about saving through the Union's "Mad City Money" interactive game.

Lucien Dawson, Marketing Officer - St. John's Credit Union
"We came here today to teach the students about financial literacy, but putting a twist on it call "mad city money" and the way how it is, is that we give them an about me page which tells them their position, so either they are a carpenter or an analysis, a forensic pathologist, whatever and it gives them a salary as well as their spouse's salary and then what they are supposed to do is go around to the vendors and actually purchase goods and services. What it does is that it teaches them about budgeting, about planning for long term as well it teaches them the importance about being responsible with money and that is the main thing - is that we want to change the culture of how we deal with money here."

Student
"I learned how to write up a cheque and I learned how to record and I enjoyed it, it was fun. You need to save and for example you drop down sick and you need some money to help yourself, then you could go into your account and withdraw the amount you need."

Student
"I gathered that saving is good because the monthly money we have to pay we can save to maintain ourselves."

This initiative was organized in connection with Credit Union's week which was celebrated last week. Today's session was part 2 of the financial literacy game at the school. They also plan on visiting other schools.

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