Banking Commissioner Visits Junior Achievement

Original Story from myCentralJersey.com highlighting Junior Achievement of New Jersey

State Banking and Insurance Commissioner Richard J. Badolato recently visited Junior Achievement Finance Park in Newark to discuss financial literacy with New Brunswick High School students.

State Banking and Insurance Commissioner Richard J. Badolato and department staff recently visited the Junior Achievement Finance Park in Newark to discuss financial literacy with New Brunswick High School students as they learn about sound money management basics.

"It is very important to learn about the basic principles of money management now," Badolato said. "When you head off to college and beyond to start careers, you should already have the foundation necessary to make smart decisions."

Finance Park is the culmination of a four-week financial literacy program taught at high schools across the state. On the final day of the course, students visit the Park, where volunteers assist them in making simulated financial decisions.

Students take on fictional jobs with income and debit cards and then set financial plans that allow them to budget based on their annual income. They visit various kiosks in the park that represent typical daily living expenses, such as electric bills, housing costs, transportation costs, health care, and home improvement.

Junior Achievement of New Jersey is a nonprofit organization dedicated to educating young people about business, economics and free enterprise. The organization partners with the Department of Banking and Insurance on many financial literacy programs.

Through a dedicated volunteer network, Junior Achievement offers in-school and after-school programs for students in all grades. Since February 2009, Finance Park has reached tens of thousands of students every school year. For more info, visit http://www.janj.org/.

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