Belvoir FCU Teaches Reality Of Finance To At-Risk Teens
WOODBRIDGE, Va. – Belvoir FCU’s Financial Education Program introduced a “Reality Cash Course” to 30 students from The House – an organization focused on at-risk and disadvantaged youth.
The course creates real life scenarios where participating students are required to make financial decisions based on the situation with which they were provided. Scenarios may include variables such as marital status, number of children and their ages, occupational status, benefits packages (encompassing 401K, tuition reimbursement, stock options, etc.), net income calculations, monthly bills/expenses, non-routine costs, and leisure activities. Students must consider all factors and then allocate their monthly budget to cover expenses.
The House resides on the outskirts of Washington, D.C. The organization said it is dedicated to providing positive role models for youths with mentors who will assist and encourage young people with the direction they want for their futures.