-- Guaranteed PRWire - IMCWire - AI Business Wire - Community members often struggle to grasp concepts such as budgeting, saving, or debt management when they are presented only in theoretical form. To address this gap, Mayfield developed the Community Finance Fair model a temporary marketplace where participants practice financial skills in a hands-on, interactive, and concrete way. This fair combines learning with real-life exercises, bringing financial education directly to those who need it most.
The Concept of the Finance Fair
The Community Finance Fair operates like a traditional market, but instead of goods, each booth offers a specific financial activity. Participants move from booth to booth, engaging in exercises that mirror everyday financial decisions. For example, one booth might simulate a budgeting challenge, while another helps visitors analyse their bills to spot hidden fees.
This format transforms financial education into a familiar, social, and accessible event. The fairs are designed to be flexible — they can be organised in schools, churches, workplaces, or public spaces — reaching a wide range of community groups.
Examples of Booths and Exercises
Each booth focuses on a practical financial theme with tangible results:
- Budget Booth: Participants receive envelopes representing income and expenses. They must allocate funds to balance their budget, highlighting the importance of financial planning.
- Emergency Fund Booth: A savings game where participants draw life-event cards (car repairs, medical expenses, etc.), illustrating why having an emergency fund is essential.
- Debt Awareness Booth: A role-playing exercise comparing different types of loans, interest rates, and repayment schedules.
- Bill Analysis Booth: Visitors bring their utility, phone, or streaming bills and learn to identify redundant subscriptions, hidden fees, or mismatched plans — using Mayfield’s templates.
- Investment Basics Booth: A simplified game showing how compound interest works over time.
At the end of the fair, participants leave with practical, actionable advice they can immediately apply in their daily lives.
Roles of Volunteers and Partners
The success of a Finance Fair depends on strong community collaboration. Volunteers play a key role — managing booths, explaining exercises, and encouraging participation.
Local banks, credit unions, and service providers often join the event as partners, offering practical advice without promoting products. This ensures that the fair remains educational and unbiased.
Before the event, training sessions are held for volunteers. They receive clear explanations, facilitation guidelines, and participant materials. This preparation ensures consistency and smooth event execution.
Measuring Impact and Ensuring Follow-Up
To evaluate the fair’s success, organizers use simple tools: feedback forms, participant counts, and short quizzes. These assessments measure the knowledge gained and the participants’ confidence in applying it.
Most importantly, the fair is not a one-time experience. Follow-up support is provided through:
- Distribution of Mayfield’s digital templates and tools.
- Invitations to join regular community workshops.
- Subscription to Mayfield’s Weekly Financial Action List for continuous guidance.
This ensures that learning extends well beyond the event and continues to positively influence financial behaviors.
Mayfield’s Community Finance Fair redefines financial education by taking it out of classrooms and offices and bringing it into everyday community spaces. By presenting financial lessons in a market-style format, it makes abstract concepts tangible, engaging, and immediately applicable.
Supported by volunteers, partners, and follow-up resources, the fair empowers communities with the knowledge and confidence to make better financial decisions. In essence, it transforms financial education into a collective experience, equipping participants with practical skills they can carry throughout their lives.
About Us: Mayfield is an innovator in financial education and cognitive learning. Through its Cognitive-as-a-Service (CaaS) model and community initiatives, Mayfield helps individuals, schools, and organisations develop practical and lasting financial skills. By combining technology, behavioural science, and experiential learning, Mayfield makes financial literacy accessible, engaging, and measurable for everyone.
Contact Info:
Name: Team Mayfield Investment Education
Email: Send Email
Organization: Mayfield Investment Education
Address: 1099 18th St, Denver, CO 80202
Phone: 18382324790
Website: https://www.mayfield-edu.com/
Release ID: 89171748
Google
RSS