MoneyLive 2014 equips youth with financial savvy

(Last Updated On: July 3, 2014)

Hundreds of young people attended the recent MoneyLive 2014 event hosted by Alliance Financial Ministries, Inc. and CapitalOne Bank N.A.

The one-day free workshop geared for high school through college-age students took place on June 14 at The Crowne Plaza Hotel (NRG Stadium campus).

Students who took part in this money simulation event were allowed to make financial mistakes—and suffer the consequences of their decisions in a realistic environment.

MoneyLive’s goal is to provide students with practical life and financial lessons.

During the event, participants learned about various career paths and were asked to build a monthly budget based on their incomes. Each student was given a new life/identity with a family, income and a checkbook/debit card. The students then were  allowed to purchase cars, homes, cellphones, food and clothing while being tempted to purchase things like computers, big screen TVs, trips and more.

“The primary goal of the MoneyLive Project is to teach, inspire and empower young adults to make better financial decisions. The lessons learned during this event will have a huge impact on how student handle their future income,” said Lonnie Mathews, founder of Alliance Financial Ministries, Inc.

For information on upcoming MoneyLive events, contact Lonnie Mathews at 281.845.3642 or visit www.moneylive2014.com.

Event photos by: Photography By Mona

About the Sponsors

Alliance Financial (AFM) is a non-profit organization whose mission is to promote financial literacy. AFM provides financial education programs for individuals and organizations that want to enjoy a more financially secure future. Some of the key financial literacy tools provided by Alliance include entertaining and educational programs offered in several areas. Alliance offers Corporate Programs, Faith Based Seminars and Youth Programs.

Capital One Financial Corporation, headquartered in McLean, Virginia, is a Fortune 500 company with more than 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. Its subsidiaries, Capital One, N.A. and Capital One Bank (USA), N. A. offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. We apply the same principles of innovation, collaboration and empowerment in our commitment to our communities across the country that we do in our business. We recognize that helping to build strong and healthy communities – good places to work, good places to do business and good places to raise families – benefits us all and we are proud to support this and other community initiatives.

MoneyLive 2014 equips youth with financial savvy