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Home>More than 7,000 Teens Statewide Get Crash Course on Financial Reality as BECU Hosts Annual Closing for Good

More than 7,000 Teens Statewide Get Crash Course on Financial Reality as BECU Hosts Annual Closing for Good

More than 7,000 Teens Statewide Get Crash Course on Financial Reality as BECU Hosts Annual Closing for Good

10/05/2017

More than 7,000 Teens Statewide Get Crash Course on Financial Reality as BECU Hosts Annual Closing for Good

Credit union launches the Next Big Talk to spark important conversations between parents and teens on money management

Inspired by the belief that a healthy relationship with money starts at an early age, BECU is helping teens get familiar with managing their finances before entering adulthood. Next week, the member-owned credit union is holding its annual Closing for Good event at 12 high schools in Washington state and extending its support to parents nationwide by providing resources to inspire the Next Big Talk with their teen about money management; the goal is creating financially savvy adults.

“Nearly half of Americans cannot come up with $400 to cover an emergency expense without having to borrow or sell something. Through resources like Closing for Good and the Next Big Talk, BECU is committed to helping reverse this trend,” said Tom Berquist, BECU’s senior vice president of Marketing and Cooperative Affairs. “We believe that talking with teens early and often about money is as important as speaking to them about other life challenges. The earlier we can help teens begin to develop healthier financial habits, the better.”

Third Year of Closing for Good

On October 9, BECU will close its doors for a day of service where more than 1,800 employees will host financial reality fairs for more than 7,000 students at 12 high schools in Puget Sound and Spokane. At the fairs, students experience hands-on education about what it is like to build and balance a budget, make tough financial choices and live within their income.

During the event, students are each assigned a persona and income. The students then have to manage their expenses while navigating various stations to make spending decisions about transportation, housing, entertainment and more. BECU employees serve as salespeople and credit union employees who help students balance their budgets. The goal of the fair is to create realistic financial choices for teens in a setting where they can evaluate each choice and receive coaching on the decision process.

Sparking the Next Big Talk

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