The salesman told me I could afford the hummer, so I bought it. Now I can’t afford a place to live, furniture or anything! Now what do I do Mom!

The credit card

salesman will say

anything to get you

to buy a credit card

and you become

more in debt

I learned about

mutual funds,

savings, retirement,

IRA and how to save

money

Try to get a good education to get a good job that can pay for life

WhatWhat is the Credit for Life Fair?is the Credit for Life Fair?

Data indicates that 55% of all Data indicates that 55% of all college students and 10% of high college students and 10% of high school students have a major school students have a major credit card. credit card.

Of those people, 25% have more Of those people, 25% have more than $3,000 in credit card debt!than $3,000 in credit card debt!

““Teenage Debt Problems Over Lack Of Credit Card Teenage Debt Problems Over Lack Of Credit Card

Knowledge”Knowledge” ““Level of teenage debt rings alarm bells”Level of teenage debt rings alarm bells” ““Teenage debt '3 times salary‘”Teenage debt '3 times salary‘” ““Call for finance lessons as teen debts mount”Call for finance lessons as teen debts mount” ““Credit card firm targets teens”Credit card firm targets teens”

MASTERCARD was accused of encouraging teenagers MASTERCARD was accused of encouraging teenagers to go into debt with the launch of a payment card for children. to go into debt with the launch of a payment card for children.

Steps to a successful event…

Why does it work?

Collaboration between:• Businesses• Chamber of Commerce• Educators• Partnership

First: Engage Educators

Second: Sell Program to Businesses

Third: Raise Funds

Fourth: Develop Timeline

Sell program to businesses

• Partner with local Chamber

• Contact local banks

• Contact credit and lending associations

Engage Educators

School presentation highlighting participation benefits

•Guidance •Business teacher, math teacher•Career Specialist

In advance distribute student preparation materials

participant profileoccupation profile

Raise Funds

Local banks compliance with community service practices and policy

“Sell” sponsorship: padfolio, t-shirt

Food donations from food vendors

Develop Timeline

6-months in advance: Form CommitteeSet DateReserve Facility*Solicit Donations/SponsorshipsDetermine Student Give-a-ways

3-months in advance: Recruit Booth Captains and VolunteersPurchase PadfoliosPress Release

2-months in advance: Booth Captain OrientationSchool RegistrationOrder T-shirt with Sponsorships

Timeline (continued)

6-weeks in advance: Solicit refreshments(Water, Breakfast and Lunch)School Registration DeadlineNew Event: Banners needed

4-weeks in advance: Student OrientationSchool Bus ArrangementsConfirm Facility ArrangementsPurchase supplies (tablecloths, pens, pencils, nametags)

3-weeks in advance: Volunteer Orientation

2-weeks in advance: Student Participant Profile DUEPress Release (#2)

Timeline (continued)

1-week in advance: Student Package PreparedPadfolio (calculator and pencil)BudgetCredit ReportName TagVolunteer PacksBooth DescriptionsEvaluations

Day Before: Transport materials to facilitySet up facility

RegistrationBooths – Tables/ChairsRefreshments

Credit for Life Fair BoothsCredit for Life Fair Booths FurnitureFurniture ClothingClothing InsuranceInsurance Savings and RetirementSavings and Retirement TransportationTransportation Reality CheckReality Check

HousingHousing Credit CounselingCredit Counseling Credit and LendingCredit and Lending LuxuryLuxury EducationEducation Nutrition/HealthNutrition/Health Career CounselingCareer Counseling

Volunteer Roles and ResponsibilitiesVolunteer Roles and Responsibilities

Guide the studentsGuide the students

Students must visit and make a purchase at every booth Students must visit and make a purchase at every booth

Direct students to Credit Counselor for periodic assessments of Direct students to Credit Counselor for periodic assessments of their spending plantheir spending plan

Explain credit card usage (charges, balance)Explain credit card usage (charges, balance)

Record credit card purchases in two places (Budget/Spending Record credit card purchases in two places (Budget/Spending Plan and Credit Card)Plan and Credit Card)

Have fun!Have fun!

Volunteer Orientation AgendaVolunteer Orientation Agenda

Overview of Credit for LifeOverview of Credit for Life

Goals of the FairGoals of the Fair Student ScheduleStudent Schedule Review a sample Student ProfileReview a sample Student Profile General Volunteer DutiesGeneral Volunteer Duties Booth DescriptionBooth Description Roles and ResponsibilitiesRoles and Responsibilities Managing your BoothManaging your Booth Questions and AnswersQuestions and Answers Booth DiscussionBooth Discussion

Event DebriefingEvent Debriefing

Student QuestionnaireStudent Questionnaire

Volunteer EvaluationsVolunteer Evaluations

Team Captain follow-up debrief meetingTeam Captain follow-up debrief meeting