Old Rochester Credit for Life Fair plays at personal finance

MARION — Old Rochester Regional High School’s second annual Credit for Life Fair was held on Tuesday, April 8 to teach seniors about financial literacy.

"There are two things I hear at every fair: One, adults saying they wish something like this was around when they were a student. Two, students asking, how do their parents do all of this?" said Jim Curran, Director of Financial Know-How for Cape Cod 5 Community Bank.

The Credit for Life Fair is held in light of 2019 findings by the Barr Foundation showing that 86% of high school students say the most important skill they need post-graduation is an understanding of personal finance, while only 30% believe their schools are preparing them on this topic.

The event was coordinated by Cape Cod 5 Community Bank and Assistant Principal Lauren Millette with support from Eastern Bank and Abington Bank. 

During the fair, students chose professions, were assigned monthly take-home salaries and then navigated hypothetical budgeting scenarios using imaginary cash or credit.

Curran gave a presentation prior to the fair, covering topics including "5 Habits for Financial Wellness" and "How to Think About Money."

Students who participated in the Credit for Life Fair said it was an engaging, eye-opening experience, providing practical insight into finances and planning for the future.

"As a student, I understand that it’s very hard for kids my age to engage in an activity when it’s not something that they picked, but this event had everyone contributing, and I did not see a single student sitting down,” said senior Avery Tavares. “Financial experts were able to teach us not just financial stuff, but other helpful tips on how to go about the future. I would definitely recommend this for future classes, or anyone seeking help.”