The Waynesville High School (Waynesville, MO) class of 2016 had a chance to visit Mad City Money during their Life Skills class. For the third year in a row, representatives from Mid Missouri Credit Union (Fort Leonard Wood) presented a simulation of what the real world would be like after high school and college. Each student received an occupation and salary. Some received credit card and student loan debt, medical insurance, spouses and children.
Students built a monthly budget based on their incomes. They visited nine merchants in Mad City who were employees of Mid Missouri Credit Union where the students purchased housing, transportation, food, day care, and other needs. There was a mall for wants and, of course, a credit union for financial services. The Fickle Finger of Fate randomly visited each participant during the simulation and distributed unexpected windfalls and unplanned expenses. Students wrote checks for their purchases and had to balance both their checkbooks and their budgets.
This was such an eye opening experience for most of the students and they truly understood what their parents or guardians go through on a daily basis. One student said, “When I have a career and steady income I will make sure I use what I learned here and also to understand that needs are more important than wants.” A random drawing was held and three students won an iPod Nano and accessory kit. This was a very rewarding experience and Mid Missouri Credit Union looks forward to taking this program into other school districts in their field of membership.Photo Caption: Students participate in Mad City Money at their school.