Learning about Financial Literacy

Students at the Taos Education & Career Center (TECC) got a hands-on lesson about managing money at the Writing and Reading for Career Pathways Class held Wednesday (Feb. 15).

Germaine Mitchell, Financial Empowerment Outreach Coordinator for the Guadalupe Credit Union and a TECC board member, led the three-hour workshopFL Lesson 2 funded by a grant. Employees from Guadalupe Credit Union and Taos Milagro Rotary volunteers assisted.

Mitchell told students that Guadalupe’s mission is to help community members with their financial needs. “We’re actually people who are helping other people,” she said.

The workshop began with an assessment of what students knew about managing money. Guadalupe reps then explained the ins and outs of financial literacy via a PowerPoint presentation.

FL lesson 5Mitchell said the cost of living affects a person’s financial future — and how the cost of living and wages can impact one’s chosen lifestyle.

After a pizza lunch supplied by Guadalupe Credit Union, students participated in the Reality Fair.

Each student was given a sheet listing the income for a certain position. They visited tables manned by volunteers from Taos Milagro Rotary, where they learned how much it would cost them to have, for instance, an apartment, internet, clothing, etc. Those costs were added to their sheets. Then there was the Wheel of Reality, where a spin could determine a plus — income from a part-time job — or a minus — an unexpected pricey car repair.

FL Lesson 3FL lesson 4At the end, the students were able to see if they made enough money to live the kind of lifestyle they wanted.

The workshop at TECC is one of several that Guadalupe Credit Union has held at schools in Northern New Mexico.

Guadalupe Credit Union is located at 115 La Posta Road, Taos. For more call 575-758-3899 or visit guadalupecu.org

 

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