As community bankers, we are committed to sharing our knowledge. That’s why, when we were asked to help teach Pella Middle School 7th graders about saving and investing, our answer was a resounding “Yes!”
In 2017, the State of Iowa rolled out new Iowa Core Standards…along with the social studies standards, there is a new set of financial literacy standards.
Mick Sneider and Ryan Van Soelen had a fun, interactive presentation that showed Mrs. Boots and Mrs. Schulz’s students the power of compound interest, and demonstrated how volatility and higher rates go hand-in-hand. Their presentation was followed by the students earning money during ‘Minute to Win It’ games, and then deciding in their small groups whether to save or invest the money. The winner was determined by which team had the highest ending balance, and that number was figured using their savings rate and real-time stock prices.
Afterward, Mrs. Schulz sat down with Ryan to discuss the new State of Iowa financial literacy standards.
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