As we close out the month of April 2018 and the annual push to make financial literacy be seen and heard all across the country, it is worthwhile taking a look back at what news made headlines and which ideas from teacher classrooms may help others deliver outstanding lessons to students in the future.
Project Groundswell Begins – A new initiative “Project Groundswell” was announced by leaders and officers of National Jump$tart Coalition for Financial Literacy that sets the goal of increasing the number of U.S. elementary, middle and high schools delivering effective financial education by 25 percent by 2025. Jump$tart plans to enlist parents, grandparents, family members, guardians, teachers, and volunteers to advocate for financial education in schools.
Funding FinLit’s Future - Did you hear about the big announcement from Next Gen Personal Finance CEO and Founder Tim Ranzetta? During his acceptance speech for an award presented by National Jump$tart Coalition for Financial Literacy, Tim pledged $25 million towards teacher professional development in financial education over the next 10 years! This news is welcome by so many of us that work hard to promote the virtues of becoming financially literate. High Five to Tim for this incredible monetary commitment.
The Great Savings Challenge – Teacher Becky H. of Traverse City, Michigan wrote to Take Charge Today’s program manager Tiffany Kiramidjian to share a story about a savings competition she’s doing with her students. Here’s what Becky had to say:
“I use a lot of your materials and wanted to let you know of an idea I am doing with my classes. I created The Great Savings Challenge. My two classes are competing to see which class can save the most money over a 4 week time period. I am BLOWN AWAY by how much money these kids are saving! They are mostly seniors with decent jobs. I am the only one who can see how much each person is saving individually. Students enter their saved amount twice a week. A local credit union is providing a free pizza party for the winning class. Just thought I would share!”
The best part about Becky’s creative endeavor? The savings totals she’s seeing from her students:
After only 2 weeks: 3rd hour: $3,898.86 & 4th hour: $4,842.70
Congratulations Becky for making a difference in the lives of your students!
More States Embracing Financial Education – So far in 2018, there are a few states making legislative moves to embrace financial education in their schools. Arkansas, Arizona, Kentucky, and Wisconsin made headlines with efforts to embed financial literacy content or courses into public schools. Other success markers have been laid down by the states of Rhode Island and Massachusetts, while other good-intentioned efforts have once again died in committee or on the floor of state capitols like Florida. Regardless of good or bad news headlines, it’s great to see more ink devoted to financial education issues in 2018 and there’s hope this trend continues into the future.