Empowering Youth with Financial Skills: Highlights from the ‘Let Me Be Great’ Summer Camp
Exciting updates from the “Let Me Be Great” summer camp at the PEACE, Inc. Viola G. Chisholm Eastside Family Resource Center!
On July 22nd, Mr. Thom Dellwo from Syracuse, representing Cooperative Federal, visited the Eastside Family Resource Center to enlighten young attendees on the importance of crafting and maintaining a strong financial plan. During this educational event, the children were introduced to the fundamentals of financial literacy, a crucial skill set that will serve them well into adulthood.
Mr. Dellwo involved the children in engaging role-play activities designed to improve their understanding of loans and financial transactions. In this hands-on exercise, the children alternated roles as lenders and borrowers, mimicking real-world scenarios. Their challenge was to “purchase a car” while adhering to a budget, prompting them to remain within their financial boundaries.
These activities offered the children valuable insights into the complexities of financial decision-making. They learned to scrutinize loan offers, assess interest rates, and grasp the responsibilities that come with borrowing money. The session also highlighted the necessity of financial discipline and the potential consequences of overextending one’s finances.
Through participation in these exercises, the children not only gained practical knowledge but also fostered a sense of empowerment and confidence in their capacity to handle future financial hurdles. This educational effort by Cooperative Federal emphasizes the significance of early financial education in equipping young people with the essential tools for achieving financial autonomy and success. If you would like to learn more, click here.
