A complaint among many high school graduates is that schools don’t offer courses in financial literacy that help new grads navigate in the real world. Low income.org reports that are changing for one Durham, North Carolina High School. Woodforest National Bank senior vice president Jessica Valentine shared that Hillside High will house the first full-service bank on a high school campus.
State Treasurer Janet Cowell shared,
“I’m looking forward to traveling the state to emphasize the importance of building better money management life skills and saving practices that will benefit North Carolinians from early childhood through retirement.”
Financial Literacy Is The Goal Of This Unique Banking Collaboration
The school will teach students, financial skills. Students, their families, and staff members will be able to bank on campus. The student- run branch will include a manager, a sales representative and students who work as interns, and bank staff. Students will go through Hillside’s Business and Finance Academy to learn money management skills. The student-run bank training center will serve students by helping them put newly honed financial literacy into practice. The training and banking experience will help students make better financial decisions once they graduate and go onto college.
A Financial Literacy Program For Younger Students
Dr. Boyce Watkins holds a Ph.D. in finance and believes kids should start learning about managing money early in life. His program is geared to towards youth ages 7-14. Signing up for his course in the “Black Millionaires for Tommorw” program gives kids access to:
1) 15 things every black child needs to know about MONEY
2) 15 things every black child needs to know about INVESTING
3) 15 things every black child needs to know about THE STOCK MARKET
Dr. Watkins guarantees that after finishing, children will have a financial literacy level which exceeds that of the average college student.
Preparing Kids Today For Good Saving Habits Tomorrow
Essentially, a financial literacy curriculum and practical financial skills are obtainable for students in grades 3-12. When kids who take advantage of the banking program at Hillside and Dr. Watkin’s program reach college age, they will know how to manage funds and make better financial decisions. Both opportunities make good financial sense.
Featured Image: Flickr/Simon Cunningham Under A Creative Commons License
