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National Financial Literacy Month is April, and how Wisconsin high school students are learning about wealth is about to change.
MILWAUKEE – National Financial Literacy Month is April, and how Wisconsin high school students are learning about wealth is about to change.
In Tyler Podoll’s school, he’s the training: “I do show my funds statement,” Podoll said. “I show my investment investment. [Students] need to understand where money will come from, how credit cards work, how debt works in their life.”
Podoll is a Personal Finance professor at Milwaukee’s Bay View High School. By sharing his personal funds with the course, he tries to make the training relevant to students. “The general knowledge they have its great – it ’s a sponge,” said Podoll. “They desire more of it. They ask a lot of inquiries.”
Podoll has been teaching this semester-long training for three times. That’s around the same day Milwaukee Public Schools made it a necessity.
Seniors and juniors are a really good years because students are just beginning to learn how to read their paycheck stubs and file their taxes themselves, according to Marti Diaz, a financial education teacher mentor at MPS. “They want our kids to be able to engage in their neighborhoods and around the world. We want to make certain our kids have what they need to succeed because this is a social justice problem. “
Wisconsin Governor when MPS implemented its Personal Finance training. According to Tony Evers, it was “one of the only 12 urban school districts in the country to implement this condition without a express mandate.” That changed when Reeves signed the Wisconsin Act 60 into rules late last month. Beginning in the category of 2028, all high school students must enroll in a half-credit Personal Finance program.
He has given me a lot of information and helped me learn a bit,” said young at Podoll’s Bay View High School, Quantavious Stokes. Harrison had a lot of issues for guest-speaker Vincent Wallace-Haygood with the team SecureFutures, who visited in March.
Wallace-Haygood presented Ballin’ on a Budget, to enable children prepare for things they want- like fresh sneakers or phones- and things they need- like an flat and groceries. “It’s very understanding – hearing from someone who came from the same area I grew up in – seeing something like that is encouraging to various children,” Stokes said.
According to SecureFutures, 1 in 4 individuals global have access to a Personal Finance lessons, but that figure drops to 1 in 14 for individuals who are African National and Latino.
“It’s a really big problem. The money difference,” Diaz said. “We know if that isn’t closed, there will be disadvantages for the kids we work with.”
MPS hopes kids’ financial acumen is transferred to their own homes. Diaz encourages them to begin a “secure conversation” with parents or guardians about household income. Talk about your personal knowledge of saving and credit scores. Carter advises students to take lessons from the errors and accomplishments of others in the area. What advice can you give your parents or neighborhood company owners to help you become financially independent?
Podoll says that training will stick with you: “Writing, math, science, social studies – the histories. They are all truly essential,” Podoll said. “However, this group will be your most significant choice. Your daily activities will be affected by it.”