Learning financial education from a young age is essential for managing money effectively as adults. Financial education should be integrated throughout life, from schools to the workplace, with mandatory financial literacy courses for students. While we await systemic changes at the state or national level, we can support youth and advocate for financial literacy by continuing to show up and speak up for the children who need our help the most.
The National Endowment for Financial Education (NEFE) launched the month of April as Financial Capability Month in 2003. Its purpose emphasizes that financial well-being is critical in the lives of every American. Since then, the Jump$tart Coalition for Personal Financial Literacy then highlighted the need to extend financial capability to all youth. Its introduction and Senate recognition in 2004 realized a change in name from Financial Capability Month to Financial Literacy Month. Financial Literacy Month aims to improve money management skills. The goal is to enhance financial understanding and skills among individuals of all ages. While saving money is an important aspect, it is not the only reason for improving financial literacy. People of all ages must make more informed decisions, leading to a more informed society. Financial education is now considered a crucial life skill that should begin in schools, preparing students to navigate a money-centered society. By managing their finances effectively, students will be better equipped before money becomes a significant issue for them.
Jump$tart (2025) provides its 2021 National Standards that reflect learning outcomes for students in grades K-12. These standards emphasize effective personal financial education that includes earning income, saving, budgeting, investing, managing credit, managing risk, and spending responsibly.
Operation Xcel understands the importance of teaching young people financial skills, and this year, we will incorporate a financial education component into our programming, starting with the 3 Steps Ahead Summer Camp. The 3 Steps Ahead Summer Enrichment Program is a well-regarded initiative that will be enhanced with this new addition. The training will be facilitated by Operation Xcel teachers who are specifically trained in financial literacy. This year, we are partnering with Edward Jones to train students and staff in financial literacy using their curriculum. Edward Jones curriculum encompasses modules tailored to each grade level that focus on budgeting, saving, investing, and comprehending credit. These modules are meticulously designed to equip individuals with the necessary knowledge for making informed financial decisions. By providing elementary and middle school students in Operation Xcel’s programs with financial literacy skills, we are giving them a significant advantage in effectively managing their finances throughout their lives. This initiative benefits students and the economy.
