Jr. Duel in Ol' San Antonio:
A Valuable Financial Education Experience
(LIVE OAK, TEXAS) – With the gloom and doom surrounding the current economic environment, a breath of fresh air comes from the San Antonio CPA Society, Randolph-Brooks Federal Credit Union (RBFCU), and the Financial Planning Association.
These three organizations are working together to teach financial literacy to students from 12 high schools participating in the first Jr. Duel in Ol' San Antonio. This program is designed to teach, reinforce and inspire long-term knowledge of practical personal financial skills for high students culminating in a personal financial case study.
Throughout the 2008 fall semester these high school students will be taught the seven modules of the High School Financial Planning Program, developed by the National Endowment for Financial Education (NEFE). These real-world concepts include budgeting, managing debt, investment and insurance issues, and career planning.
"The students I'm teaching are eager to learn how to manage their money," said Elda Ostrowski, RBFCU Senior Financial Education Specialist. "I think with all the financial issues in the news lately, these young adults are more aware that saving and spending their money wisely is important for a brighter future."
At the beginning of the spring semester, the students will be presented with a business case of a hypothetical family experiencing financial challenges. Each school's team of students will have a chance to offer solutions for the "family."
Six of the high school teams will move on to compete in a Finals Competition at Northwest Vista College on February 28, 2009. The teams will present their solutions to a panel of five judges from the San Antonio business community.
This program was adapted from the University of Arizona's popular "Duel in the Desert" competition at the collegiate level, which involves leading students through personal finance topics, concluding with a case study that each team is expected to solve and present to members of the business community.