The People's Money (2023-2024)

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Phase 4 of 4

Project Implementation 07/01/2024 - 06/30/2025

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Financial Literacy Workshops for Elementary Students

GWEC Youth Leadership Council

19/11/2023 20:25

In which borough should your idea take place?: Manhattan
Do you have a specific neighborhood(s) in mind?: Washington Heights
Which audience(s) does your idea help? Select as many as apply.: Youth

Parents

Limited English proficient individuals

Low income individuals

Black, Indigenous, and POC

Immigrants and/or migrants

Public housing residents

People with disabilities
Describe the challenge you want to address:: Early Financial Education Gap: Challenge: Many elementary students lack exposure to basic financial concepts, which can lead to a lack of financial literacy as they grow older. Solution: The workshops bridge this gap by providing age-appropriate education, setting a foundation for responsible financial decision-making. Limited Access to Financial Education: Challenge: Not all elementary students have access to formal financial education programs, leaving a gap in their understanding of essential money management skills. Solution: By collaborating with local schools and community centers, the workshops make financial education more accessible to a broader range of students. Empowering Economic Opportunities: Challenge: Students may not understand the link between education, career goals, and financial success. Solution: The workshops incorporate interactive activities to help students connect the dots between education, career aspirations, and the financial decisions they make along the way. Lack of Financial Literacy Awareness: Challenge: Parents and caregivers may not prioritize or be aware of the importance of teaching financial literacy to their children. Solution: The awareness campaign targets parents and caregivers, highlighting the significance of financial education and encouraging their involvement in the process. Social and Community Impact: Challenge: Financial literacy is often viewed as an individual skill rather than a community value. Solution: Engaging parents and caregivers in parallel workshops creates a community-wide commitment to financial wellness, reinforcing the importance of these skills beyond the classroom. Limited Resources for Reinforcement: Challenge: Students may lack resources for ongoing reinforcement of financial concepts outside the workshop setting. Solution: Providing resources for students and families ensures that the learning continues at home, reinforcing financial literacy skills on a consistent basis. By addressing these challenges, the Financial Literacy Workshops contribute to creating a more financially empowered and informed generation, setting the stage for lifelong financial well-being and success.
Describe your idea and approach to address the challenge:: 1. Bridging the Early Financial Education Gap: Idea: Introduce elementary students to foundational financial literacy skills. Approach: Develop engaging workshops with age-appropriate content, covering basic concepts like money management, budgeting, and saving through interactive games and activities. 2. Enhancing Access to Financial Education: Idea: Ensure accessibility for all elementary students. Approach: Collaborate with local schools and community centers to host the workshops, reaching a diverse range of students and making financial education more widely available. 3. Empowering Economic Opportunities: Idea: Connect education, career goals, and financial success. Approach: Incorporate interactive activities that help students understand the relationship between their education, future career aspirations, and the financial decisions they make throughout their lives. 4. Financial Literacy Awareness Campaign: Idea: Emphasize the importance of financial literacy to parents and caregivers. Approach: Develop child-friendly marketing materials to create excitement among students and extend the campaign to parents and caregivers, emphasizing the long-term benefits of financial literacy for their children. 5. Social and Community Impact: Idea: Make financial wellness a community value. Approach: Engage parents and caregivers in parallel workshops, creating a community-wide commitment to financial wellness and fostering an environment where financial literacy is seen as a shared responsibility. 6. Resources for Reinforcement: Idea: Provide ongoing resources for students and families. Approach: Develop take-home materials, online resources, and activities to ensure that students and their families can continue reinforcing financial literacy skills beyond the workshop setting. Implementation Timeline: Monthly Workshops: Covering various financial literacy topics throughout the school year. Parent/Caregiver Sessions: Conduct parallel workshops to involve families in the learning process. Ongoing Support: Provide resources for students and families to reinforce financial literacy concepts at home. Measurable Outcomes: Workshop Participation: Track enrollment and active participation in each financial literacy workshop. Student Understanding: Assess improvements in students' understanding of financial concepts through interactive activities and assessments. Parental Involvement: Gauge the level of involvement and awareness among parents and caregivers through feedback sessions and surveys. By implementing this comprehensive approach, the Financial Literacy Workshops aim to create a positive and lasting impact on elementary students, their families, and the broader community, addressing the identified challenges and promoting financial empowerment from an early age.
Write the zipcode that best represents your New York City community:: 10032, 10033, 10034, 10040