Local teens can get a head start at financial sustainability and success — while also having fun — at the free Mad City Money financial boot camp in Richmond on Thursday, June 30.
The event, sponsored by Travis Credit Union, runs from 12:30 p.m. to 4:30 p.m. at the Richmond Police Activities League (RPAL), 2200 Macdonald Ave.
Mad City Money is a simulation and financial boot camp that teaches basic money management in a fun setting. The simulation offers real-world scenarios where teens can get a sense of the challenges of affording to live, eat and provide for a family.
They receive a mock occupation, salary, spouse and obstacles such as student loan and credit card debt and medical insurance payments. Teens move about stations purchasing housing, transportation, food, clothing, household necessities as well as essentials for their family, such as daycare — all while maintaining a budget.
And it can be tricky. During the simulation, teens encounter pushy salespeople, such as a commission-based realtor or car dealer. There is also, of course, the “fickle finger of fate,” where life happens and teens must prepare financially for it.
Along with several merchants, a credit union and financial services are available to assist teens.
“It’s like a puzzle,” said one teen. “You have to use all the pieces and they all have to fit.”
To sign up for the Mad City Money Teen Financial Boot Camp, visit www.traviscu.org/calendar.
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