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Plymouth Whitemarsh students get a lesson in budgeting
Plymouth Whitemarsh High School students get a lesson in budgeting
FORT WASHINGTON, Pa. —Students at Plymouth Whitemarsh High School had to make some tough financial decisions as they traveled through a Financial Reality Fair sponsored by TruMark Financial® Credit Union on May 23.
More than 200 juniors and seniors chose a career, complete with a salary, and were given a budget worksheet. They were required to visit 14 booths to make spending decisions on necessities such as housing, transportation, food and clothing, insurance, and other categories within their budget. As part of the exercise students also visited the “Wheel of Reality” where a spin of the wheel could bring good fortune such as a bonus at work or bad fortune such as unexpected car repairs. Following their selections, students met with financial counselors who reviewed their worksheets and advised them on adjustments that might be necessary to live within their salary constraints.
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Representatives from local businesses, students’ parents, and TruMark Financial employees manned the booths and helped guide students to make informed decisions as they budgeted for monthly expenses.
Students left with a new appreciation for their parents’ skills of budgeting. “It was really eye opening to see how many costs are associated with everyday living. I didn't realize how much my parents have to pay,” said senior Sarina Smith.
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About TruMark Financial:
TruMark Financial is one of the strongest, most progressive credit unions in the nation, offering a full range of banking, investing, and insurance services to more than 119,000 members in Southeastern Pa.
Founded in 1939, TruMark Financial is headquartered in Fort Washington, Pa., and has approximately $2.3 billion in assets through its 23 branches, Call Center, and a suite of innovative online and mobile banking services online services. To learn more about TruMark Financial, visit www.trumarkonline.org or call 1-877-TRUMARK. Connect with TruMark Financial at www.facebook.com/trumarkonline and twitter.com/trumarkonline.