Financial Management

A Year in Review

The Seniors have graduated (congratulations!) and only a few Juniors remain in the classroom.

This end-of-the-year newsletter is a way to share the wonderful things that students have learned in Financial Management throughout the 2018 - 2019 school year.

What is Financial Management?

Financial Management provides a foundational understanding for making informed personal finance decisions leading to financial independence. Key topics covered include: money management, budgeting, credit, student loans, mortgages, taxes, insurance, investing, wealth building, banking, and basic financial planning. Students participate in multiple hands-on simulations to learn these real world personal finance skills. Basic mathematical concepts and techniques used in business and finance will be incorporated.

SCHS Named in the Top 100 Schools Teaching Personal Finance

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For several years, Mrs. Volz has administered the Wise Financial Literacy Certification Test as a capstone to taking Financial Management. This is a 50-question standardized test where students can earn a certificate naming them Certified Financial Literate (CFL). Based on this data, St. Clair High School was ranked one of the Top 100 High Schools Teaching Personal Finance. SCHS ranked #27 in the nation and #8 for mid-sized schools. You can view the complete list HERE.

H&R Block Budget Challenge $20,000 Winner

For the past six years, students in Financial Management have participated in the H&R Block Budget Challenge. This is an 8-week simulation that teaches real-world financial skills. All students take on the role of a recent college graduate and have to pay bills, balance a budget, manage debt, invest money, and take quizzes on personal finance topics.

While doing this students are competing against other students in the nation for a $20,000 scholarship. If a student ends the simulation in the TOP 5 (based on Real World Ready score), he/she wins a $20,000 scholarship!

This year, Anne Harris won a $20,000 scholarship by finishing #3 in the nation.

Congratulations, Anne!

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NorthStar Bank Financial Literacy Scholarship

NorthStar Bank is a wonderful partner in financial education. Each year, NorthStar Bank awards a $1,000 scholarship to one student in Mrs. Volz's Financial Management class. Based on her performance in the H&R Block Budget Challenge, Lillian Chappell was this year's scholarship recipient.

Congratulations, Lilliana!

NGPF Personal Finance Student of the Year

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The Stock Market Game

This year, students in Financial Management participated in The Stock Market Game. This simulation allows students to invest a virtual amount of $100,000.00 and create a diversified portfolio of stocks, bonds, and mutual funds. Students compete against one another to try and build equity in their portfolio. More importantly, students learn about investing in a hands-on way.
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Students were asked the following reflection question at the end of the Stock Market Game:

Reflecting back to the beginning of the school year, do you feel you now know more about investing? What did you learn about the stock market by completing this project? Be thorough in your response.

Here are some of their responses:

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Adam Carroll Visits ECSD

In April, internationally recognized financial education speaker, author, and two-time Ted Talk speaker, Adam Carroll, visited East China School District. This event was sponsored by NextGen Personal Finance, a personal finance advocate and curriculum company in Palo Alto, CA.

In his one hour presentation, Adam engaged students from Marine City High School, St. Clair High School, Riverview East High School, parents, and community members by giving them some simple strategies to be financially savvy consumers.

East China Students Learn About Saving, Stocks and Student Loans

Guest Speaker

A special thank you to SCHS Financial Management Alumni, Leo Terzo of Farm Bureau Insurance, for being a guest speaker this year. Leo took time out of his busy schedule to come and speak with the Financial Management students about the importance of insurance in financial planning.

If you work in finance and would be interested in being a future guest speaker, please contact Mrs. Volz -

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It is no secret that I am a strong advocate for financial education. I believe that EVERY student graduating from St. Clair High School should have a financial education. Currently, only 16% (or 1 out of 6 students nationally) are required to take a stand-alone personal finance course for high school graduation. I am personally on a mission to increase that statistic. Before students graduate, they must learn how to properly manage money. Without exposure to this information, they often learn by making costly mistakes with lasting and expensive consequences.

If you are a parent interested in advocating for personal finance at the district or state level, please contact me.

Amanda Volz

Financial Management Resources

For the Seniors who are now graduating, Mrs. Volz has put together a list of helpful resources and tools for students who have completed Financial Management and are now starting to make their own financial decisions and manage their own money. Tools include a copy of the Budget Challenge spreadsheet, a generic budget template, a link to the best financial calculators, and more! Click HERE to access this information.
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Thank you for a wonderful year!