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Meagan Savage and Shannon Smally, FHS seniors, visit the clothing booth

Algebra, history and chemistry are subjects common to many high school students. But managing money and establishing good credit — not so much.

About 150 Foxboro High School seniors got a primer in personal finance Tuesday during a “Credit for Life Fair” at Showcase Live at Patriot Place. About 55 area professionals volunteered at various booths to talk with seniors and impart realistic advice on spending and saving.

According to Ellen Pillsbury, career specialist at FHS, the fair is an interactive event that allows students to role-play as an adult trying to manage a budget.

Each student is given a personalized profile that reflects the income and debt load of an entry-level person in a career of their choice. The objective is to visit each of the fair’s 13 booths representing major categories of living expenses and develop a working budget.

Pillsbury, who has organized the event for the past 11 years, said many students found it an eye-opening experience.

Booths included education and training, transportation, credit and lending, insurance, housing, clothing, health and nutrition. After completing all the booths, they visited a “Reality Check” booth and got tangible advice on how to improve their budgets.

Joe Morrison, 18, who chose his occupation as an accountant with annual salary of $50,000 and monthly spending around $2,500, said he had $125 left over after visiting all the booths.

“I never knew how expensive life was until going to the booths and watching my bank account slowly decrease,” he said. “It was helpful to me because it taught me how to better save my money.”

Meagan Savage, 18, said the event helped driving home the point that she will need to manage her future salary.

“We will need to be smart with our money,” she said.

Foxboro town manager William Keegan visited the fair and gave a thumbs-up.

“This is practical, everyday learning experiences that are so important for the real-life transition for the students,” he said.

Tony McDonnell, 26, a Realtor with Campos Homes, first attended the fair as a student in 2010 and was back advising students Tuesday. He said the fair opens up the area of personal finance to high school students.

“Students can get great resources, connections, but most importantly a reality check on what their desired career has in store for them, financially speaking,” he said.

Linda Corey, branch manager at Walpole Co-Operative Bank, consulted with students on personal expenses at the clothing booth.

“It is important to provide them with education and awareness for a successful financial future,” she said. “This is especially true for our young adults as it is my experience that if a foundation is provided early this can minimize problems later in life.”

Rob Kane, a Newton North High School business teacher, was at the fair looking for ideas he can use at his own school.

“From what I saw today, I am very impressed and look to implement many of the ideas into our fair,” he said.

Rick Foster can be reached at 508-236-0360.