Money Matter$ Session III – Planning for College

By October 15, 2016 September 30th, 2017 Money Matters

By Session three, James Mitchell, Ball State’s director for employer relations, asked a question that many teens ponder before graduating high school.

“What college do you want to attend?”

Answers ranged from Indiana’s very own Ball State and IUPUI, to Ohio State and Oxford. By having a good GPA, community involvement, summer internships & carrying a job, these steps will help teens build a successful resume for college applications.

For the many high school students who are not sure of what field they want to enter, Mitchell suggests you visit, learnmoreindiana.org. Students will find a career assessment and the Hoosier Hot 50 Jobs webpage. They can also visit fastweb.com for access to available scholarships.

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The next session focused on saving and investing basics.

“If I gave you 1 million dollars how would you spend it?”

After taking some time to think and write down their ideas, teens shared what they would spend it on. “Put $200,000 toward college, buy an escalade and give some to my mom.” One participant shared, “I’d buy 2 PS4’s, 1 Xbox One, and more video games.” Another said, “I’d buy a building for my business.”

Mrs. Lisa Letsinger, a Business Education Teacher of Muncie Central, helped the participants learn about the art of saving money.

Using a sample workbook, provided by MutualBank, they learned how to write checks and record transactions in the checkbook register.

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The Boys & Girls Club’s Money Matter$ Workshop kicked off early Saturday morning at the Muncie Innovation Connector. The workshop, hosted in partnership with Ball State University’s Center for Economic Education and Office for Community Engagement, is for teens in grades 6-12 focused on learning how to save, spend, and manage money.

Before starting the first session, participants were greeted by staff and enjoyed breakfast from Bob Evans. They also participated in an icebreaker to wake everyone up and meet each other.

The first session, facilitated by Sari Harris, Director of the Center for Economic Education at Ball State, helped participants gain the basics of budgeting and making good decisions. They learned how decisions are often guided by personal goals and factors of wealth and is tied to their own effort, natural ability and motivation. In a hands-on activity, “The Wealth Game”, they learned how to practically and effectively allocate money to a personal budget.

MutualBank is a proud sponsor of the workshop and a corporate partner with the Boys & Girls Club of Muncie.

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