Chowan University students had an opportunity to put their financial decision-making skills to the test during the Reality of Money experience held on campus in September.

Presented with the involvement of the North Carolina State Employees’ Credit Union, the program gave students a hands-on introduction to the financial choices and responsibilities that come with adulthood. Rather than simply hearing about budgeting and financial literacy, students were encouraged to think about how the decisions they make can affect their financial future.

Throughout the experience, students considered the costs and responsibilities that come with managing their own finances. The activity challenged them to think beyond individual purchases and consider how everyday expenses fit together within a larger budget.

For college students preparing for careers and greater independence, those decisions can quickly become a reality. Housing, transportation, food, insurance, unexpected expenses and other financial responsibilities all compete for a limited amount of income. Reality of Money provided an opportunity to begin thinking about those choices before students encounter them on their own.

The experience also demonstrated how quickly seemingly small financial decisions can add up. Students were encouraged to consider not only what they could afford, but how their choices could affect other areas of their lives.

Financial literacy is one of the practical skills students can carry with them long after graduation. Understanding how to create a budget, prioritize expenses and respond when financial circumstances change can play an important role in a young adult’s transition from college into the workforce.

Reality of Money complemented the education students receive in the classroom by giving them an opportunity to apply decision-making and problem-solving skills to situations they are likely to encounter outside of it.

For Chowan students, the experience was also a reminder that preparing for life after college involves more than preparing for a career. It means developing the knowledge and confidence to make informed decisions in all areas of life.