By Veronica Floyd

Quicken Loans teamed up with JA Finance Park to help Ushers Camp New Look understand financial literacy. The aim of the camp is to assist young people in becoming future entertainment moguls and entrepreneurs who have heightened awareness of social responsibility.

On Wednesday, August 11, 2010 a group of 25 talented students went through a hands on program to help prepare them for the real world through budgeting and personal financial planning. Upon entering JA Finance Park each student was given an ATM card with a unique life situation attached. Students were assigned an age, marital status, number of children (if any), employment and income. Students determined how much of their income was available to them each month after taxes. Based on their lifestyles and net monthly incomes, students made financial decisions as they visited different stations that exemplified diverse spending avenues. Students visited stations like Allstate for car insurance, Chevrolet for automobile purchases, and Somerset Collection for clothing options. They used stations like these to create and balance their personal budgets. Students soon became conscious that choices and compromises are key concepts for living within one’s means.

Quicken Loans and JA Finance Park is proud to help provide Detroit’s youth with a strong foundation for making intelligent, lifelong, personal financial decisions. Congratulations Ushers Camp New Look and we look forward to working with you again!