Understanding the value of money and developing money management skills is vital for children and adults. Centra Foundation provides two financial literacy programs to students in local schools. Saving with Mandy and Randy is used in second grade classrooms and Making the Right Moves is designed for high school students. Over 2,000 students in Clark, Bartholomew, Decatur, Floyd, Jackson, Jefferson, Jennings and Shelby Counties benefit from the programs.
Saving with Mandy and Randy
During the current school year more than 1,000 second grade students have been introduced to Mr. and Mrs. Saver and their children Mandy and Randy. The Saving with Mandy and Randy program provides a series of practical, interactive lessons. Each student receives his/her own book. Learning opportunities include; identifying coins and their value, understanding the difference between wants and needs and the importance of saving.
Carmella Musillami from L. Frances Smith Elementary School shared, “I've been taking advantage of the Mandy and Randy program for numerous years. I appreciate the materials and wish to continue using them for as long as Centra Foundation can provide them. The best part of Mandy and Randy is the story...how they opened a bank account and started saving."
Making the Right Money Moves
More than 1,000 high school students are using the Making the Right Money Moves program during the 2014-2015 school year. The program uses a high school version of Harvard's case study method. It combines a workbook, practice worksheets, role play simulations, CD and video to teach practical lessons such as:
- How to prepare a budget, keep good financial records, and the importance of doing so
- The importance of saving regularly
- Compound interest and personal savings strategies
- How to use credit wisely
- Types of loans, and which loans to avoid
- Understanding credit ratings and scores
- How to use electronic banking, including ATMs, debit/check cards and mobile text banking correctly and safely
Brian Campbell, Business teacher at Columbus North, said about the Making the Right Money Moves program, “We really do appreciate that each student receives a personal workbook. They are a valuable tool to really reinforce what our department tries to teach. We also like the fact that the booklets can be used in a number of places throughout the semester.”
These programs are important for children in our communities. Please consider a making a gift to Centra Foundation to help provide financial literacy programs to students in your community.