Wisconsin’s Department of Financial Institutions (DFI) recently visited a Wisconsin Dells school to check progress on a pilot personal finance program that was added to the school’s K-6 curriculum using a state grant.
Trinity Lutheran School of Wisconsin Dells, which received a grant of $9,750, was one of 26 schools, including the Adams Friendship, Columbus and New Lisbon school districts, to be awarded grants by the state late last month.
The program—Money Mondays—aims to teach the value of money, decision-making, savings, credit and goal-setting. The Bank of Wisconsin Dells recently agreed to purchase the materials for students after the first year of the program.
According to a press release from the DFI’s Governor’s Council, the Money Mondays initiative is based on the Financial Fitness for Life series from the Council for Economic Education.
“Through these lessons, students will begin to show performance standards in the Wisconsin Model Academic Standards for personal finance literacy,” the press release said. “By the completion of Money Mondays, students in [Grade 4] will be able to demonstrate [Grade 6] performance standards in all seven content areas, as well as be introduced to Grade 8 performance standards…”
Trinity Lutheran’s grant application was put together by Sarah Campbell, whose daughter attends the school. Campbell, a member of the Governor’s Council on Financial Literacy, received recognition from the governor’s office for her work in developing a nine-week personal finance course that is mandatory for graduation from Wisconsin Dells High School.