Managing personal finances can be a daunting task if key elements like budgeting are not discussed around the family dinner table.
Stephen McClure, Assistant Principal for North Heights Elementary, has heard the call of his students’ families and decided to offer a financial literacy course to caregivers so that they may acquire the knowledge necessary to manage money.
“We have developed many programs designed to help our students and we thought that it would be a good idea to offer assistance to our parents as well,” said McClure. “Since tax returns are coming, we felt it would help our parents if they were to have some advice and aid in dealing with their finances. We want them to understand that a $2000 car with a 39 percent APR (Annual Percentage Rate) is not a great buy for them. We want them to pay attention to how they spend money, and more importantly, give them some options that will help them to invest in their future and their futures of their children.”
So, McClure called on a friend to visit North Heights and speak with the parents.
Dr Kevin Harris is a nationally recognized author and motivational speaker. He has penned books detailing the keys to being successful, finding purpose and creating generational wealth. Dr. Harris spoke to parents who gathered in the school’s library about college savings accounts, 401k programs, creating household budgets and more.
From not eating out to paying attention to the fine print on a contract, Dr. Harris gave the room options and alternatives to living that will start the process of growing wealth.
“I remember taking one of my students home who had gotten into trouble at school,” McClure recalled,” and she told me that she was stressed because she had returned to school and was learning things like how to balance a checkbook. She said that she wished there were services for the parents who needed help learning these things. I remember thinking that she was making perfect sense. If we can empower our parents, then we can continue to empower our students and the lessons are reinforced at home. Our hope is that even if they do not attend our session tonight, then the parents who have shown up will spread the word and tell their friends.”
If you missed this session, North Heights will host another on February 19 at 5:00 p.m. in the school’s library.