La Salle University brings Financial Reality Fair on campus
FORT WASHINGTON, PA (April 23, 2018) — More than one hundred thirty students participated in a Financial Reality Fair sponsored by TruMark Financial® Credit Union and the Pennsylvania Credit Union Foundation at La Salle University, Philadelphia, Pa., on April 19, and experienced what life would be like having a career and managing their own finances.
The day provided a practical exercise in personal financial management aimed at helping students understand the art of budgeting. The Fair provides a birds-eye view of what financial challenges students might face when tasked with managing their own finances. They chose a career, complete with a salary, and were given a budget worksheet.
Students were required to visit 14 booths to make spending decisions within their budget on such necessities as housing, transportation, food and clothing, insurance, and other categories. Following their selections, students met with financial counselors who reviewed their worksheets and advised them on adjustments that might be necessary to live within their salary constraints.
After meeting with a financial counselor, a senior who graduates in May, said she realized she was spending too much money on her cell phone and had to reduce her data plan. It was an enlightening moment for one student when he realized Wi-Fi was not free and he was going to have to include the costs in his budget.
The Financial Reality Fair brought together La Salle University alumni and staff members and representatives from TruMark Financial who share a strong commitment to teaching financial lessons to young people in a way that is both engaging and realistic.
About TruMark Financial Credit Union
TruMark Financial® is one of the strongest, most progressive credit unions in the nation, offering a full range of banking, investing, and insurance services to more than 140,000 members in Southeastern PA. Founded in 1939, TruMark Financial is headquartered in Fort Washington, PA., and has approximately $3.06 billion in assets through its 24 branches, Call Center, and a suite of innovative online and mobile banking services.
To learn more about TruMark Financial, visit www.trumarkonline.org or call 1-877-TRUMARK.
About The Pennsylvania Credit Union Foundation
The Pennsylvania Credit Union Foundation, a subsidiary of the Pennsylvania Credit Union Association, was formed in 1996 to benefit consumers and credit unions alike. The Foundation is a non-profit, tax-exempt organization with a main purpose of providing individuals, credit unions, and their communities with the human and financial resources to stimulate socio-economic growth.