By Walter Laskos
Spin the “Wheel of Misfortune” and learn what fate has in store for you and your financial wellbeing. Will you be paying a hospital bill or winning a lottery?
Narragansett High School students took the wheel out for a spin during a recent CU 4 Reality Fair, hosted by Westerly Community Credit Union. For many the spin contributed to profound financial consequences, and for others, a dramatic new lifestyle.
A CU 4 Reality Fair is an exercise in financial reality, giving its participants a real-life wake up call to costs associated with owning a home, a car, buying groceries – essentially, all of life’s daily expenses. Based on their choice of careers, Narragansett HS students had to face the challenges of paying bills, developing a budget, meeting life’s challenges, and even saving for a rainy day.
June’s edition of Better Banking will surely give you a taste of facing life’s financial challenges during a CU 4 Reality Fair. But that’s not all! It will also take you on a visit to meet the District Director of the Small Business Administration’s Providence office, Mark Hayward.
The SBA offers a number of valuable resources for today’s business entrepreneur, with 504 and 7A loans topping its list. Hear how you might tap these loans or any of the other resources of the SBA for your small business needs during our visit with Hayward.
Finally, this month’s edition of Better Banking will introduce you to Westerly Community Credit Union. Steve White, president/CEO, will discuss the many services and contributions of the credit union to its members and the communities it serves.
A presentation of the Credit Unions of Rhode Island, Better Banking is dedicated to financial literacy, helping viewers to become better managers of their finances.