To the Editor:
As parents, we often contemplate new ways to support if not catapult our children into exciting and memorable experiences both academically and socially, all in the name of making them "well-rounded." Yet, how often does this quest involve taking the time and energy to have meaningful discussions about financial literacy? Most likely a parent's response to this question might sound similar to a fictitious quote by the ever wise Yoda, "Financial discussions with my child — I did not have."
This past school year, I was determined to become more active in teaching my children and other school-aged children, the importance of this subject in their everyday life. Fueled by personal successes and failures on the topic, I proposed and was approved to form the Bull Run Elementary School "The Money Club" after-school activity for the 2015-2016 academic year. Bull Run has a diverse student population ripe for learning. The target audience was 4th through 6th graders.
As the club's leader, I created and taught "The Money Club" members a broad overview of financial concepts and applications. The topics included an introduction to the history of money, the importance of saving, spending, and giving.
We researched how personal and family values, feelings, and interests influence financial habits, potential responses to panhandling, utilization of credit cards, loans, and mortgages. Although these concepts may appear to be ultra-progressive, the students embraced them with insatiable vigor and were quick to ascertain that making wise financial decisions pays off — literally. During Financial Literacy Month, April 2016, Bank of America (Centreville branch) supported our club by having two financial representatives participate in our monthly financial discussion. During their visit, the representatives led the students through a mock budget exercise that contained real life scenarios such as buying clothes for work, the cost of fixing a flat tire, and saving money for unplanned emergencies.
Although the school year came to an end as expected, it was difficult for me to say goodbye to my esteemed financial minions. I thought to myself, "There's still so much to learn!" Yet, deep inside of me, a pervasive sense of calm persisted. I knew that the seeds of financial peace and wisdom were firmly planted and would bloom in a variety of ways in their lives and in the world.
Lisa Wallington
Centreville