Empowering Students to Build a Foundation on Money Management
PUBLISHED MARCH 12, 2015
Teaching elementary students about money can be challenging. Often, students cannot conceptualize what money is, let alone all of the complicated financial tools that have become a part of our everyday lives. And now more than ever, we need to educate and help our students become financially literate – be able to make sound decisions about managing finances to better prepare them for the future.
Thanks to the ongoing support of our EWB teacher-volunteers and partnership with Operation HOPE, we were able to provide a financial literacy program called “Banking On Our Future” to the students of Dewey Elementary School in San Gabriel, California. On March 12th, 2015, 18 EWB teacher-volunteers from Retail Banking gathered to teach financial literacy to over 250 students from 2nd to 6th grade level. The students were taught the basic fundamentals of budgeting during the first session, followed by a quick recess break where several teacher-volunteers felt like being kids again and played games with the students. The second session focused on how to manage money by opening a checking and savings account.
The students truly showed their enthusiasm to learn as the teacher-volunteers quizzed them and passed out prizes at the end of the class. Although teaching elementary students about money can be challenging, it’s a rewarding experience that keeps our teacher-volunteers coming back to help our community.