Welcome to the Credit Union Financial Fitness Fair: A Money Management Experience.
This money management simulation, similar to the game of “LIFE”, was founded by Maine’s Credit Unions in 2004. Since then, Financial Fitness Fairs have been attended by over 38,000 students across the state of Maine.
Designed to look and feel like the live version, which typically takes place in a school gymnasium, this Money Management Experience is now easily accessible for students online!
On the next page, you will be given a career and monthly income and then have to visit booths associated with various expenses that the average adult is faced with each month. Your goal is to create a monthly budget that does not exceed your monthly income.
Follow the steps below to get started:
Step 1: Get a Job!
Based on the profession you selected, you have been assigned a monthly income. This is your beginning balance.
Step 2: Everyday Expenses
You will begin by visiting each of the booths on the next page. Each booth is associated with the various expenses that the average adult is faced with each month, such as, transportation, housing, clothing, food, student loans, insurance and several other everyday expenses.
Step 3: Do Your Homework
Read through the documentation provided at each of the booths, and be sure to check out the videos. Your guide will walk you through your spending options so that you don’t go over your monthly budget.
Step 4: Spend Wisely
After you have reviewed your options at each booth, head over to your Spending Plan page to choose the option that works best for you and your budget.
Step 5: How Did You Do?
Once you have made your spending decisions, take a look at your final balance. Did you go over your budget, or did you end up with savings at the end of the month?
Keep in mind you may have to make adjustments in one or more categories in order to balance your spending plan.
Step 6: Submit Your Budget
Now that you have completed your budget, be sure to fill out your name and email address, and click Submit Final Budget. Your sponsoring Credit Union professional will let you know how you did.
Click Get Started at the top of this page to begin. Good luck and have fun!