Students, Bank and Technology Team up to Teach Teens About Money - WSPA.com

Anderson Students, The Peoples Bank and Technology Team up to Teach Teens About Money

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The Peoples Bank is hosting a ceremony in Crescent High School's new gym on May 10 at 12:05pm to recognize the 250 students who have completed the Ever-Fi Financial Literacy Program in 2013.

It's all to recognize students for their hard work with a program that teaches them to be careful with their finances.  

This web-based program uses the latest in new media technologies to bring complex financial concepts to life for today's digital generation. Through the EverFi platform, students will become certified in over 600 topics in financial education, allowing them to become more informed, responsible citizens. The Peoples Bank has partnered with EverFi, Inc. to bring the interactive financial management programs to high school students in Anderson at no cost to the schools.
 
The 10-unit course offers 6 hours of programming aimed at teaching, assessing and certifying students in a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401k's, and other critical concepts that map to national financial literacy standards.

The platform uniquely tracks the progress and score of every student and provides students who successfully complete the course with Certification in Financial Literacy, a valuable mark of distinction on college applications and resumes.
 
Shawn McGee, President of The Peoples Bank, is excited about the possibilities within the program and our school system. "With the completion of our first program, we hope to positively impact these young people, as well as develop their leadership skills. These students are our future, and it is important to us that they are prepared."

Wednesday students wrapped up their remaining training and focused especially on student loans. Freshman Connor Shea talked about how he never thought about such things as student loans or even saving for retirement. He used to think it was a long way off and not worth worrying about, he said, until he took this class.

"It's something that will be with you for your whole life. You need these skills to get by," he said.

Teacher of this class, and 2012 Teacher of the Year Janice Blankenship said they haven't heard from parents about the program yet but what's impressive is how much the students talk about it. Blankenship said the class has a buzz surrounding it because the students enjoy making avatar's, digitally to live out their financial gains, and losses.

"It's a good way to practice to they can make their mistakes on the screen and not in real life," she said.

Blankenship and members of The People's Bank agreed students are most vulnerable when entering college and are lured in to purchasing a credit card.

"They may not know how to use it properly and they may get themselves in financial debt before they know what happened," said Blankenship.

Shawn McGee, President of The Peoples Bank said students aren't taught in school, what they need to know about finances in the real world.

"We don't do a lot of teaching about how to borrow money, buy a house, buying car insurance, things they'll need in the future," said McGee.

Students agreed the class has helped them become more familiar with certain banking terms and lingo they'll need to know, eventually, even if they don't use it quite yet. One module even shows students what the inside of a bank typically looks like, where to find a deposit slip and how to communicate with a teller.

Students say it takes the stress out of something they don't know a lot about and makes them feel comfortable in any financial setting. 
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