What’s New in Schools?

Scanning the headlines to find out what high schools are up to when it comes to personal finance education:

  • Students at Marion HIgh School (Virginia) participated in a checking account simulation recently (SWVA Today):

“The Financial Literacy Project—Your Checking Account, sponsored by Bank of Marion, is a simulation is designed to teach the skills necessary to maintain a checking account. Students first learn about checking account basics and then actually write checks, make deposits and reconcile their accounts using the forms provided. The materials not only teach an important aspect of money management, but also correct bad habits that may otherwise persist throughout adult life.

  • Conrad High School (TX) recently opened a student-run bank that only takes “Conrad dollars (KERA News)”:

Teachers hand out “Conrad cash” to students who have done well on an assignment or met a goal. And they use that cash to buy snacks or other items at the school store.  “One of our goals is to make the cash on campus worth a little bit more money, have more value to it,” Gilbert says. “And also offer incentives as far as earning interest.”

  • High school juniors and seniors in Ohio experienced the real world through a simulation (Cincinnati.com):

At January’s finance-themed class, students participated in Real Money, Real World, a research-based finance education program offered through Extension and customized to the Ohio economy. Real Money, Real World offers a hands-on simulation to teach youth about lifestyle and budget choices similar to those they will make as adults.