Tuesday, February 25, 2025
Students got a taste of the real world as a part of a money-management simulation game led by BMI Credit Union. To begin the event, students were assigned an entry-level job, named their characters, and rolled a die (the first of many luck-based events built into the game) to determine if they would have a pet - and the expenses that come along with having one!
After this, students chose to live with parents, rent an apartment with roommates or to rent an apartment to live alone. From there, students visited five different stations: transportation, credit cards, hobbies, savings and miscellaneous expenses. There were choices to make at each table - at transportation students weighed pros and cons of buying a bike, buying a car, or using a bus pass to get around and to work. There was then a break to budget and see how much money they had left over after the choices they made
Students then put leftover money into a savings or checking account and saw if they had enough left over to handle the unexpected things life can throw. There were five more stations of random events, including spinning wheels and pachinko tied to life events that could add or cost money.
Everyone who participated in the event managed their money well enough to still have at least a little money left in their accounts even after everything life threw at them. Representatives from BMI then discussed real-life ways to stretch money and to have it work for you. They also mentioned five $2,500 scholarships that they have available for seniors who will attend postsecondary education to apply to. We would like to give a huge thank you to the BMI personnel who came out to run this informational (and very fun!) exercise.
Comments