At a 2013 Financial Literacy and Education Summit held at the Federal Reserve Bank of Chicago, Former Consumer Financial Protection Bureau Director Richard Cordray stated that “a large majority of K-12 teachers in the U.S. say that personal finance should be taught in school, yet less than a third say they’ve taught lessons about money, and more than half feel unqualified to teach their state’s financial literacy standards.”
Atlanta’s nonprofit organization SheWill understands this critical need, and is doing its part by teaching financial literacy to local girls between the ages of 8 and 17. These girls learn the importance of financial awareness and career empowerment.
Through an interactive, lecture-based curriculum, girls are taught through age-appropriate activities related to finance and work-readiness. For many, the idea of high school graduation is many years away, but the program provides them with insights and a framework for what they can expect when they complete school.
Research has shown that girls are able to understand the fundamentals of money and finances as early as three years old, so SheWill believes that starting them at 8 makes them even more prepared to learn. They talk about the basics, like what money is, how it’s used, how to count it, and then how to implement the financial skills into their daily lives. These types of skills help young girls to understand real life situations like bill pay and financial struggles or constraints that their parents might be going through.
Sheena Williams, Founder and Executive Director of the organization, hopes that beyond the financial training, that the girls learn individuality, self-esteem, and independence. She teaches them these skills through a variety of programs within the organization. In the mentoring program, girls are paired up with professionals who can guide them and teach them in their desired fields of study. Girls go through the fundamentals of finance in a 10-week course, but also meet and communicate regularly with their mentors to talk about areas they can build on. Then, in the SheWill Lead program, coursework focuses on the development and nurturing of leadership skills. Finally, in the organization’s Entrepreneurship Bootcamp, girls learn that leading a business is just like leading their own life.
SheWill also travels to local schools, community centers, and social clubs to bring the organization’s curriculum to girls all over the city. Through their outreach programs, girls can learn how to balance a checkbook, put together their first resume, or build a business plan, all while incorporating fun activities, like Zumba.
The organization doesn’t stop with just the girls in the program, though. Understanding that this learning must continue at home, they offer opportunities for mothers and daughters to attend classes and events together. Girls 13 and over can bring their moms to the classes, and while the young girls learn their own lessons, moms are given tips on other financial topics, like couponing, budgeting, saving, and finding free activities for the family.
The organization is always looking for volunteers, including individuals to take part in the mentoring program. Those interested in learning more about how to help out, or who want to sign up for a class, can visit www.shewill.org.