Money Management Taught in Financial Literacy Club
March 25, 2022
On Tuesdays at 1:10 p.m. in room 218, the Financial Literacy Club meets to inform students about finances through in-depth slideshow presentations with student leaders and guest speakers.
According to Financial Advisor Dave Ramsey’s website, “Financial literacy classes teach students the basics of money management: budgeting, saving, debt, investing, giving and more. That knowledge lays a foundation for students to build strong money habits early on and avoid many mistakes that can lead to lifelong money struggles.” The site adds that financial literacy courses are beneficial to those who are new to earning money and making financial decisions (ramseysolutions.com).
The Financial Literacy club’s curriculum began with “money mindfulness” and having club members figure out their own relationships with money. Currently, the club is learning about investment, banking, and basic key terms surrounding these topics, according to Co-Founder Junior Suzanne Cole.
Cole said, “[Co-Founder Junior] Dawn Suh and I were FaceTiming. We were catching up on life and talking about how adulthood is so crazy, and how in school we are not taught anything about finances or money. We were both super lost, so we came together and decided that we were going to create a club where we could start to advocate for the installation of financial concepts in our school.”
“The club is very informative as it goes in-depth about money and banks. I learned how to write a check, which I did not know how to do before, so that was super cool. Definitely something I will need in the future,” said Freshman Julia Dreiling.
The club also brought in a guest speaker, Ms. Laura Brown, who works at a bank, to talk about credit. Other fun activities the club has done include creating portfolios/notebooks and participating in investment and financial games.
Cole’s future plans for the club consist of meeting with the Board of Education to suggest a financial literacy course for the school. Cole said, “We have had a lot of support from school officials, advisors, and teachers. A lot of people think [a financial literacy course] is a really good idea.”
Cole said, “Students should join our club to better prepare themselves for adulthood.”