Guide Provides High Schoolers Practical Tools for Managing Money
DENVER (Jan. 10, 2024) –Bellco Credit Union and Economic Literacy Colorado (ELC) are launching a new “Funancial $marts” educational activity book for high school students to teach them how to manage money. The free booklet is being distributed through Bellco’s 28 branches, as well as through additional community partnerships.
“Funancial $marts” for high schoolers includes activities about real-world money situations such as the differences between needs and wants, credit and debit cards, factors to consider when making purchases, ways to comparison shop online, how to avoid money scams, steps to take before seeking an auto loan, saving for college and college alternatives, how to tip, decoding a paycheck, and more. An electronic version is also available for download.
“Developing smart money management habits now will help teens as they are making more of their own financial decisions,” said John Rivera, senior vice president and chief retail officer at Bellco Credit Union. “At this age, they will likely have their first part-time job, may be saving for a car, or have their first credit card. Ensuring that young people in our community have the critical life skills they need to succeed is a top priority for Bellco. We’re proud to partner with Economic Literacy Colorado on this new booklet to provide real-world context for financial management for teens before they graduate and hopefully, this will pave the way for them to gain financial independence.”
“Personal finance and fundamental economics are essential skills that every student will use throughout their life. We had great success with the K-5 and middle school versions of the ’FUNancial $marts‘ activity booklets and are excited for the new book geared toward high school students,” said Amy Sherman, president and CEO of ELC. “We encourage Coloradans to challenge themselves and their teens by increasing awareness and education around economics and financial literacy, knowledge that is key to achieving a lifetime of financial stability and economic understanding.”
In 2019, Bellco teamed up with ELC to create “FUNancial $marts” for elementary students and in 2021 launched a middle school version. These financial activity books include collaborative lessons in counting money, budgeting, and creating a business. An electronic version of the K-5 booklet and middle school booklet are also available for download for free on the Bellco website.
With the help of a parent or family member, these books can equip young people with knowledge to make informed decisions and prepare them to handle financial and economic challenges in the future. The books can also help equip teachers with the information and materials they need to bring financial empowerment to their classrooms.
Additionally, ELC has several resources available including remote learning for parents and students, personal finance literacy, news and activities, and more. To access these resources and upcoming classes, visit ELC’s website at econlitco.org.
About Bellco Credit Union
Bellco is one of Colorado’s largest financial institutions, with more than $7 billion in assets and 28 branches in Colorado. Founded in 1936, Bellco offers a full range of financial products and services including home equity loans, auto loans and checking accounts. Today, Bellco has more than 350,000 members who benefit from the advantages of a credit union, including lower interest rates on loans, higher yields on savings and access to thousands of ATMs nationwide. Connect with Bellco on Facebook and Instagram. Bellco is federally insured by NCUA and is an Equal Housing Opportunity Lender.
About Economic Literacy Colorado
Economic Literacy Colorado equips teachers and students with the knowledge and tools necessary to achieve a lifetime of economic understanding and financial security by providing teachers with university accredited professional development to teach these concepts in schools and offering real-world, hands-on opportunities for students to learn about our economic system and explore careers in the financial industry. To learn more, please visit www.econlitco.org and follow Economic Literacy Colorado on Facebook, Twitter and LinkedIn.