A financial literacy magazine is helping pre-teens all over the country become well-educated on personal financing.
On Thursday, January 22, TIME For Kids and PwC (PricewaterhouseCoopers LLP) launched an educational and fun magazine for students at Metropolitan Lighthouse Charter School.
The magazine, ‘Your $ – Financial Literacy For Kids’, is a first of its kind magazine from TIME For Kids geared towards teaching students, fourth through sixth grade about personal finance and heightening their awareness about how much money they should spend or save for the future.
The launch event, which was hosted by leaders representing TIME For Kids, PwC, NBC TODAY Show and the WNBA, was held to acknowledge the magazine’s premiere as well as discuss the importance of youth financial literacy among schools in the Bronx as well as the entire county.
During the event, members of each company spoke to the students, giving them advice from their personal experiences in regards to saving and spending money the right way.
“We (PwC) pick schools nationwide, including the south Bronx, in which we could make a big impact,” said Mitch Roschelle, PwC partner.
Roschelle, who grew up in Melrose on East 161st Street and Walton Avenue, right near Yankee Stadium and Joyce Kilmer Park, is now greatly impacting the youth of the neighborhood in which he came from, and greatly understands the importance of passing on this knowledge to the next generation.
“With the help of Principal (Courtney) Russell’s tremendous leadership, the school’s partnership with PwC has been a very positive experience,” Roschelle said.
Another attendee at the event was Jeopardy winner Jeff Xie, who earned himself the spot on the magazine’s front cover by recently winning $75,000 on Teen Jeopardy.
He also spoke to the students about saving up for what matters most, like a college education instead of a video game.
Magazines were distributed for free to each of the students.
The magazine will help fill a critical financial literacy gap that currently exists in schools across the United States and is expected to reach more than 1.8 million students and educators in its first year alone.
It was clear that students at the school had learned a lot about financial literacy after just one discussion.
“We will face a lot of challenges in the future when it comes to saving and spending our money,” said Binta Diakite, a student.
“It’s good that we are being prepared for these future situations, like buying a home and college.”
“As we get older, learning about saving and spending money becomes more and more important,” said Tamya Capeles. “I am glad that these groups and our school are teaching us about this topic for the present and the future.”