MAD CITY MONEY gives a financial "reality check" to Students at Duarte High School

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ORGANIZATION: Center for Financial Empowerment

Volunteers play the role of merchants in the world of Mad City Money which is intended to be 10 years in the future after students graduate from college or trade school and are married and have children.

There are 10 stations and volunteers will be assigned to one station for the duration of the activity. All volunteers will be emailed a training video which explains their role. They will also receive a map of the location to assist them when they arrive at the location. Any questions can be directed to Monica Houston at monicah@scefcu.org.

  • Mad City Money is the hands-on simulation that teaches financial education in a real-world scenario.
  • Student participants are transported into the future and are now playing the role of adults - they are paired up like a real couple, complete with careers and salaries, student loan and credit card debt, a child and medical insurance payments.
  • The participants will need to visit 10 different "REAL WORLD" merchants to shop for food, a house, a car, child-care, vacations, entertainment and more. Now it’s much more than just shopping, these merchants treat participants like real world adults and always try to get the most from every sale. The participants will face pushy salespeople, and all kinds of temptations to spend money but they must maintain a budget throughout the process.
  • They will learn to write checks, use a debit card, balance their accounts and most importantly, learn valuable financial skills that will help them in the real world.
  • See a Mad City Money event in action, hear from the students and the faculty, find out why this simulation is truly unique and how successful it has been in teaching financial education.

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About Center for Financial Empowerment

Location:

12701 SCHABARUM AVE, IRWINDALE, CA 91706, US

Mission Statement

The Center for Financial Empowerment breaks the cycle of poverty and creates more stable communities through financial education for high school youth.

Description

The Center for Financial Empowerment is a non-profit charitable agency that provides financial education and improvement programs for underserved youth in the Greater Los Angeles area and Las Vegas. Through effective financial education and experiential learning, we help teens learn smart money skills to make better spending choices, save money, avoid credit problems and achieve financial stability.

CAUSE AREAS

Education & Literacy
Education & Literacy

WHEN

Mon Sep 07, 2020
08:00 AM - 11:30 AM

WHERE

Duarte High School - GYM1565 Central AvenueDuarte, CA 91010

(34.136555,-117.97089)
 

SKILLS

  • General Education
  • Mentoring
  • Literacy / Reading
  • Teaching / Instruction
  • Financial Literacy
  • Accounting

GOOD FOR

N/A

REQUIREMENTS

  • Must be at least 18
  • 3 hours
  • Be energetic and have fun.

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