Seniors at Addison High School recently got a reality check about life after graduation, thanks to a program presented by Corning Credit Union and coordinated by the GST BOCES Career Development Council. “Mad City Money,” a simulation for high schools students, teaches basic money management in a safe, fun setting.
Participants are paired up for a realistic experience with managing a household budget. They must decide their priorities and rotate through stations to purchase housing, transportation, food, clothing, household necessities, daycare and other needs. The simulation also includes tempting “extras” stations, including a mall featuring televisions and video games and a “Fun Stuff” station where students can purchase vacations and entertainment activities. Some participants encounter the “Fickle Finger of Fate” when they are randomly presented with a life situation that may result in a financial setback. The simulation gives students the opportunity to experience the impact of their financial decisions and learn important lessons about budgeting.