Beach Chamber Hosts Second Financial Literacy Simulation
Posted on: February 8, 2013
The Panama City Beach Chamber of Commerce’s Education Committee partnered with Innovations Federal Credit Union to collaborate a project on financial literacy called MAD CITY MONEY. This event took place on Tuesday, March 19 at Deane Bozeman High School from 8:30 AM until 10:30 AM. Around 60-70 students participated in this unique experience. Innovations Federal Credit Union was the exclusive sponsor for this project.
The hands-on simulation experience taught students the importance of financial budgeting in real-life situations. “By using this program, students stay engaged in learning and experience what it is like to be financially responsible,” Lisa Adams, Chair of the Education Partnership Committee, states. Local businesses played the part of merchants such as car dealers, realtors, restaurants, and childcare.
Students were given imitation jobs, families, and circumstances that may affect how money is distributed in a household. “The Beach Chamber Education Committee is enthusiastic about bringing local business volunteers together,” Kristopher McLane of the Panama City Beach Chamber of Commerce states. “Helping teach children in Bay County, through the Mad City Money financial literacy simulation, the realities of what it takes to budget for life after school is a beneficial way the Beach Chamber can contribute to our community.”
A “mayhem” character, or better known as the Fickle Finger of Fate, also approached students and presented them with some of life’s unpredictable situations such as a family death or inheritance. “We are so grateful for the generous sponsorship of Innovations Federal Credit Union and our merchant partners, Donandbubba.com, Jos A. Bank, Gulf World, and Capt. Jacks, to bring this program to several of our area high schools,” Lisa Adams adds. Bozeman High School freshman were the second students in Bay County to participate in the program.
This 2-hour activity will be reaching out to the business community to gather 30 to 40 volunteers to play the role of merchants in the next MAD CITY MONEY project. If you would like more information on how to participate, please contact Kristopher McLane at the Beach Chamber at [email protected]. Are you interested in being a Champion for Education? Join the Education Partnership Committee. We meet monthly at the Chamber Boardroom. Watch the Beach Buzz for the next meeting date or call Kristopher McLane at 235-1159.