M&Ms Make For A Tasty Budgeting Lesson For Students via CU Times

Rogue Credit Union

M&Ms Make For A Tasty Budgeting Lesson For Students.

CU Times: 4.30.2015 by Myriam DiGiovanni

M&Ms may have come to the rescue of financial education.

NuMark Credit Union, based in Joliet, Ill. recently hosted a M&M Budgeting Simulation at St. Ann Elementary School in Lansing, Ill. to help teach 6th, 7th and 8th graders the importance of budgeting.

Here’s how it works. Every student receives a bag of M&Ms as their paycheck and the responsibility of spending the M&Ms on various goods at different merchants. Each color is linked to a specific category, and each M&M is equal to five dollars. As a way to teach students to buy within their own personal budget the bags of M&Ms are unique, like a paycheck.

After the shopping was completed, students were able to calculate how much money they had saved for the future and while dissussing [sic] what they learned they could finally eat their chocolate treats.  READ MORE >>