Enactus (formerly Students in Free Enterprise) students shared valuable financial literacy knowledge with local high school students in November.
Kenny Klatt, junior finance and operations major, and Austin Wilson, junior finance and international business major presented to approximately 50 students taking introductory business and marketing classes at Findlay High School (FHS).
“We have a goal to inspire the students to think about their personal finance and how to invest and spend properly,” said Klatt.
Three classes participated in Klatt and Wilson’s presentation to learn about credit cards, debt, savings, bonds and stocks and other finance-related topics.
“We gave a pre and post quiz to gauge the students’ entrepreneurial abilities,” said Klatt. “The questions were gauging their interest in college and spending to see if the presentation changed views in any way.”
Each class also competed against each other by participating in an online stock market simulation activity. They learned to invest in different industries.
“Each student received $1 million in fake money to invest in the real stock market, and their money does what the stock market does,” said Klatt. “It’s real numbers, just not real money.”
Over winter break, the students continued to participate in the simulation to see the changes in the stock market. Klatt and Wilson will return to the classes in January to announce the winners in the simulation.
“It was great to see young students interested in finance,” said Wilson. “I feel that financial education at the high school age is imperative to a strong young workforce and a decreased dependence on handouts and social programs.”
At the conclusion of the simulation activity, Klatt and Wilson will observe the results and alter their presentation. They hope to present the financial literacy course to more schools next year.
“This is the second year we have implemented this program at FHS,” said Wilson. “We have roughly tripled our student impact and aim to continue to make this program a recurring one.”
Written by Sarah Foltz