Youth experience real world
As part of an effort to increase financial literacy, the Lumber River Youth Council held its annual Real World Summit on Saturday, October 1, 2011 at the UNC Pembroke Regional Center. The summit teaches independent living skills to youth, ages 16-21 years old through a one-day simulation of the real world. Over 75 Workforce Investment Act (WIA) participants from the Lumber River local area (Bladen, Hoke, Richmond, Robeson and Scotland counties) were in attendance.
The day began with four workshops: insurance, banking, budgeting and credit counseling. The insurance workshop was presented by Corbin Eddings of State Farm Insurance Company, who provided a basic understanding of the various types of insurance and the importance of having adequate insurance coverage. Gary Strickland of First Bank discussed the different types of bank accounts and the advantages of having one. The budgeting workshop was presented by Christy Strickland of NC Cooperative Extension Services, who discussed strategies on how to develop a spending plan and learn saving strategies. In the credit counseling workshop, presented by Kim Pevia of UNC Pembroke, youth learned the importance of financial planning and managing credit.