ANCHORAGE, Alaska (7/17/15)--No timeouts here: Alaska USA FCU this week joined an all-star lineup of government officials and sports leaders to introduce a statewide financial literacy initiative.
Financial Football, developed by the NFL and Visa Inc., is a free educational video game and classroom curriculum that teaches money management skills. The partnership was announced by Alaska Gov. Bill Walker and Commissioner of Education and Early Development Mike Hanley.
“By learning concepts from a program like Financial Football such as how to set a budget, how to save for the future, and even how investments, and credit work, students can develop financial management skills that will last a lifetime,” said Dan McCue, senior vice president of corporate administration for the Anchorage, Alaska-based credit union.
Before each play, players must answer a financial literacy question geared to their age range--rookie, ages 11-14; pro, ages 14-18; and hall of fame, 18 and older--and run defense and offense that gets them in a winning position.
The Alaska Department of Education and Early Development will distribute the game to statewide to nonprofit organizations, middle schools and high schools.
“Kids need to learn to make smart money-management decisions early in life,” Davis said. “It takes the combined efforts of parents, teachers, and mentors within the community to give teenagers a strong background in personal finance.”
Added Wagner: “It doesn’t matter whether you make minimum wage or millions. If you don’t learn to budget, save, invest, and pay bills on time, the consequences can be devastating.”