Wells Fargo extended their Financial Literacy Program into Vance High School on Thursday, July 27, 2017. 150 students attended the program and the presentations were divided into three groups.
The purpose of the Financial Literacy Program is to educate teens on resources they can use now to start saving their money for a better future. The program is helping to change the mindset of students from spending much of their money on material items to, instead, managing their money and saving just $10 a month.
Wells Fargo presented Vance High School student-athletes with information on how to save money, apply for school loans and grants, where to go to look for scholarships, how to buy a car, etc. The presenters even discussed their personal stories about financial success and the hardships they faced along the way. Some were raised by a single parent and others came to the US without knowing how to speak English. But, they did not let this keep from financial success. Simply by saving 10% of each check, some were able to buy a house at the age of 27!
These stories about success through hardship really resonated with the athletes. They interacted and took home some valuable information that could change their lives for the better. It is all a precious lesson which some students may not receive from home.
This program is important to the school, its students and the community. It shows the students that there are resources available to them and money to be had for scholarships. It lets them know that organizations such as the Lions Club, the Women’s Club, and the Rotary Club have money to give away. It teaches discipline and explains that with a little hard work anything is possible.
Wells Fargo will take their next program to Harding High School on August 8th at 6:00pm. For more information check out their page on our website!
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