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IT’S NEVER TOO EARLY TO COUNT THE BIG BUCKS
The key to raising financially fiscal adults is to promote financial literacy in the classroom,
which is why San Mateo Credit Union (SMCU) is teaching students the fundamental skills
of sound money management and financial program. Since 2001,SMCU has brought
educational programs into the classroom,utilizing curriculum developed by the National
Endowment for Financial Education. The program is tailored to grades K through 12 and
is presented in the context of each age group’s experiences.For example,third graders
learn how to create imaginary household budgets,while middle school students learn the
link between paying bills on time and establishing good credit.The high school program
immerses students in a session on ATMs,online banking and online bill pay.Richard
Villareal,SMCU’s financial education representative,regularly visits elementary,middle,and
high schools within San Mateo County to partner with teachers in the delivery of these
hands-on lessons.He explains,"Studies indicate that most children develop their money
habits by the age of 13. If we are to help them grow into financially responsible adults,we
must make sure they get proper education when they are young. The sooner they learn
that money must be earned,saved,and spent wisely,the more successful and financially
competent they will become. And if they can count,they are old enough to learn about
money." He ultimately sees a future where young people establish good financial habits,
make wise financial decisions to avoid the pitfalls of excessive debt,learn to manage their
income and expenses,and develop savings and investment goals.