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News from the Foundation

Posted: November 13, 2012

Business Partners Support Financial Literacy in Sandia HS DECA classes

Students reach out for more knowledge about personal finance and its importance as they prepare to graduate high school and become functioning members of society.

A Knowledge is Power slide frames Sandia HS students and teacher, NMEFCU financial literacy presenters, and an APSEF staff member before a financial literacy presentation.

A research project by two 3rd year DECA students is culminating in classroom speakers making presentations focused on financial literacy.  The students approached APS Education Foundation Business Partnerships for classroom speakers to provide a 40-50 minute presentation in the lecture hall.   A variety of Join-a-School business partners willing to speak in classrooms on financial topics was suggested and the students began their search.  New Mexico Educators Federal Credit Union was one of the first to answer the call.

Brandon McFatridge and Hena Torres, both from NMEFCU’s Membership Development department, spent an enjoyable day at SHS speaking to six different classes and over 280 students.   Money management topics included the importance of savings, how to evaluate different credit card offers, how to build good credit, and the importance of avoiding predatory lenders.  How to build and stay on a budget was also discussed, as were various tools like the 70%, 20%, 10% rule of thumb.   Students came prepared with good questions and a rapid fire Q & A ended each class session. 

Students Alissa Foderaro and Emily Lanier’s DECA research project included not only setting up the financial literacy presentation and approaching guest speakers but also teaching a fifth grade class at Comanche Elementary School about the importance of financial literacy.

DECA, marketing, and business students from Dawn Stalker and Linda Wilson’s classes were able to attend the presentations, as well as some sections of the Financial Literacy elective.