BALTIMORE (WJZ) — Start saving now. It’s a money lesson many adults skip. But some young students went to money school this week, thanks to the nation’s largest accounting firm.
Gigi Barnett explains.
In a classroom with paper and pencil—it isn’t summer school but kids are learning to read their financial future and add money in the bank.
The money classes are part of a one-day community service project by Price Waterhouse Coopers, or PWC.
Workers and interns from the accounting firm take the day off to give back. This year, PWC is focusing on financial literacy for students from elementary to high school.
“We think it’s never too early for people to understand the basics [of] how do you save money,” said PWC partner Joe Diangelo.
Diangelo heads up the event. He says every kid can understand the lessons and many times take them home to their parents.
“You’d be surprised how many people that make a good living and are doing well and people that look successful, just how little most people know about money in the long run,” said Diangelo.
The money matters are already sinking in for fourth grader Xavier Springer and fifth grader Janiya Ragland.
“I want a bank account and I want to go to college and I want to have a lot of money,” Springer said.
“You can start by saving two dollars a day,” Ragland said.
Price Waterhouse Coopers says its financial literacy camp is part of a national campaign to donate $60 million and one million volunteer hours to support money classes in school.