Financial Literacy Added to Buffalo Elementary School
Teaching children about money matters is more than instituting a regular allowance. It’s helping them understand wants versus needs, the basics of budgeting, and the difference between a checking and savings account.
The Johnson County School District will begin implementing financial literacy through a program offered by the Boys & Girls Clubs of Central Wyoming called Young AmeriTowne:WyoTowne.
“About two years ago, our district began having discussions about financial literacy. When we approached our Board of Trustees about the concept, the board created a committee of school and community members to write a scope of what we would like to see with Financial Literacy in Johnson County,” said Craig Anderson, principal, Cloud Peak Elementary School.
Upon completion of this step forward, Mr. Anderson said they learned about the WyoTowne program and began discussions with Club leaders, Jessica Baxter and Ashley Bright, on possible collaboration between the school and the Club.
“WyoTowne was nearly a perfect match! Our 5th grade teachers are really excited about the potential of bringing it to our students. We are thrilled for our students to get this experience,” said Mr. Anderson.
Teachers are provided a curriculum to present within their classrooms in the weeks leading up to a day in “Towne.” Students learn how to run a business, the difference between profit and loss, and how to manage and budget their money. The culmination is a day in “Towne,” where the students apply their knowledge, operating or working in one of the store fronts in town, and have the chance to use their “earnings” to buy merchandise from the town stores, save it or donate to a charity.
Students run the Snack Shop in WyoTowne.
“With financial literacy programming through WyoTowne, we are able to translate money matters into real life situations, giving students a realistic experience and preparation for their future,” said Jessica Baxter, Vice President of Operations, BGCCW.
Cloud Peak students will begin financial literacy programming and prepare for WyoTowne in the coming weeks. Once the classroom lessons are complete, the students will travel to the BGCCW campus in Casper to run WyoTowne.
This program is made possible for Cloud Peak students through the generous support of First Interstate Bank, ANB Bank, First Northern Bank, and Bank of Buffalo, Gillette, Sheridan.
1701 E "K" St.
Casper, WY 82601
Club number: 307.234.2456
Program Support: 307.235.4079