MILWAUKEE, WI – December 21, 2023 – Five Corporate Central employees recently volunteered at “Reality Check Day,” a unique financial literacy program organized by Educators Credit Union. This event is designed to empower students with practical financial knowledge and skills. The program provides participants with hands-on experience, allowing them to gain insights into real-world financial scenarios and make informed decisions about budgeting, saving, and managing personal finances.
Students are given the option of selecting their occupation, while other areas of their life are randomly assigned, such as credit score, marital status, and if they have children. Each student also decides their retirement age and is tasked with using their budgeting skills to reach their retirement goal. Students then travel to each station representing a life event. Housing, insurance, groceries, apparel, furniture, entertainment, and daycare necessities can be purchased, and bills can be paid as needed. The Wheel of Fate adds some excitement where students earn or lose money based on unpredictable life events.
"We are thrilled to have collaborated with Educators Credit Union for this event,” said Amy Nowak, HR Generalist. “This program not only provides valuable insights but also empowers students to make informed decisions about their financial futures. Corporate Central looks forward to continuing our commitment to financial literacy and well-being through these meaningful collaborations.”