High school students don’t typically spend a lot of time thinking about budgets, but over 60 Dallas-area students spent the day at Future Focus Camp learning the importance of financial literacy.
GE Capital Employees started the second day of camp by giving in-depth presentations on credit and debt using material created by Accenture. Various scenarios and examples were used to initiate group discussions and demonstrate ways students can start planning for their future.
After learning about opening bank accounts, students were introduced to other financial terminology and job opportunities in the financial sector. Planning and money management were also major topics of discussion. Students learned how to take control of their financial situations by increasing savings and cutting expenses with help from volunteers from GE Capital, Accenture and Cervello. The group also discussed the value of investing in their education to increase earning potential. Guest speakers told individual stories of perseverance leading to where they are today.
In the afternoon, the Dallas Credit Union hosted a “Reality Fair” to simulate real-life budgets. Students were assigned a specific career with an estimated monthly salary. Booths were available to allow students to determine amounts they wanted to spend on items such as utilities, insurance, pets, clothing, transportation and other common expenses. If their expenses exceeded their assigned budget, students had to return to decide which costs to cut. The hands-on experience and interactive group discussions provided students a glimpse of what it takes to maintain a budget and remain fiscally responsible.
Future Focus Camp is a two-week career and readiness program for rising juniors and seniors enrolled in DISD and other area high schools. Attendees will also have the opportunity to learn about professionalism, resume writing, interviewing, college options and technology.