Daily Video

December 27, 2011

Colo. Students Learn Lessons in Finance

Retailers served up deep discounts and easy gift exchanges to lure shoppers back to the malls. But, in the state of Colorado, school-age children have been prepped somewhat differently for the shopping season.

A Colorado law that went into effect this fall requires schools to teach public school students about financial responsibility.

Kids are learning about money by drawing coins and dollar bills and simulating buying things from the classroom store. They are also acting as cashiers to make those sales.

Ruth Hartvigson is an early childhood coach for the Jefferson County School System. She said she and her colleagues were skeptical of the idea at first.

“We didn’t want to make these kiddos materialistic. And it was a shift in thinking for us as an educational staff to think that’s not what this is all about. We’re just helping them to know another fact of life,” she said.

Amanda Jerome, a preschool instructor in Colorado, think it’s important to teach the children responsibility.

” I think it’s important to teach them to appreciate things, that we all work hard in life, and when you do — when you work hard, you’re rewarded with it, and that’s how you get the things that you want,” she said.

Quotes

“I think it’s important to teach them to appreciate things, that we all work hard in life, and when you do — when you work hard, you’re rewarded with it, and that’s how you get the things that you want.” – Amanda Jerome, preschool instructor.

“We have seen kids really starting to have those aha moments of, wait a minute, doing a minimum wage job is not going to get me to where I want to be in life.” – Linda Pfeiffer, Walt Clark Middle School.

Warm Up Questions

1. What does the word ‘responsible’ mean?

2. What does the term ‘financially responsible’ mean?

3. What is a budget?

Discussion Questions

1. Why do you think the state of Colorado passed a law that would require schools to teach public school students about financial responsibility?

2. Does your school teach students about financial responsibility? Discuss.

3. Does your family have a budget in place? How does this budget affect you?

Additional Resources

In Face of Holiday Sales, Colorado Students Begin to Learn Financial Discipline

Holiday Shopping Trends Reflect Income Inequality

LESSON PLAN: How Much You Pay For A Car Depends On Who You Are

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