Collegiate School

2006 Virginia Financial Literacy Summit: 

2006 Virginia Financial Literacy Summit Economic and Financial Literacy Education at Collegiate School/ The Powell Center

So Much to Teach! Where Do I Begin?: 

So Much to Teach! Where Do I Begin? How do I impart the wisdom my parents and life experiences have taught me about financial matters?

At The Powell Center and Collegiate School, We Teach Economic Principles to Guide Decision Making: 

At The Powell Center and Collegiate School, We Teach Economic Principles to Guide Decision Making We all make choices. All choices have consequences. These consequences often lie in the future. Economic thinking is marginal thinking. TANSTAAFL (there ain’t no such thing as a free lunch)

“Someone’s sitting in the shade today because someone planted a tree a long time ago.”Warren Buffett, Billionaire Investor: 

“Someone’s sitting in the shade today because someone planted a tree a long time ago.” Warren Buffett, Billionaire Investor

We believe that educating our students about personal finance should begin in the early years when habits are being formed.: 

We believe that educating our students about personal finance should begin in the early years when habits are being formed. Goals: Students will understand that looking after their own money is a big part of looking after themselves. Students will learn how people earn income, budget money, save for the future and spend wisely.

How Do I Get the Attention of Kids Who Live in a High Speed, High Tech, Insatiable Consumer Society?: 

How Do I Get the Attention of Kids Who Live in a High Speed, High Tech, Insatiable Consumer Society? How can kids learn and practice habits based on healthy financial values?

The Six Big Ideas…: 

The Six Big Ideas… Setting Goals Earning Money Spending Money Wisely (Budgeting) Understanding the Time Value of Money (Saving and Investing) Using Credit Responsibly Protecting Assets

No Wonder Today’s Financial Environment is Confusing to Young Children!: 

No Wonder Today’s Financial Environment is Confusing to Young Children!

Ages 5 - 7Starting to Make Choices: 

Ages 5 - 7 Starting to Make Choices

Ages 8 - 10: 

Ages 8 - 10 Strengthening the Financial Foundation

Kids learn best when they are actively involved in real-life interesting experiences.: 

Kids learn best when they are actively involved in real-life interesting experiences. Examples: Cougar Savings Bank, K - 4 Cougar Cashe Student-run businesses

Work With Parents of Young Students: 

Work With Parents of Young Students Start Young Finance courses are typically taught in high school. But children learn best about money from age 6 to 12. Talk with your child about managing money at an early age as everyday opportunities arise.

Offer Helpful Ideas to Parents: 

Offer Helpful Ideas to Parents It is easier for kids to save when they have something concrete to save for. Encourage parents to talk with their kids about what they would like to buy, what it will cost, and what they’d be willing to forgo to get it.

A Closing Word…: 

A Closing Word… Learning to manage money wisely and well is a lifelong endeavor. Setting children on the path to financial understanding should begin in the formative years.

Resources: 

Resources www.powellcenter.org