An Introduction to Financial Literacy, Southern Style

afad-iccEarlier this month Center for Smart Financial Choices (CFSFC) Director, Betty Ann Falkner, traveled north to bring financial education to her hometown school, Ichabod Crane Central, in Valatie, NY.  Betty Ann conceived the idea of sharing CFSFC’s popular “Adult for a Day” (AFAD) workshop at her former high school after speaking with some former classmates and her grandson who is a senior at the school.

Ichabod Crane High School students in the Economics classes participated in financial literacy workshops on October 3-4. Students experienced a snapshot of adulthood through AFAD, an interactive simulation in which they moved through 11 budget stations to spend money setting up their household after receiving their first jobs. They made decisions for things they will need and can afford, like housing, transportation and insurance to non-necessities like entertainment and vacations. They also learned about life events and their impact on even the most well-planned spending.

“I wanted to give back to my high school and give teens a kick start for the future,” Ms. Falkner said. “By providing them some life skills and guidance I hope this will help them make good financial decisions they will carry on into their adulthood.”

afad-icc5What Students Had to Say:

“I learned to be open to all the expenses I need to be aware of.”
“I learned the importance of taking care of your needs before your wants.”
“I learned how your credit score affects all basic things you purchase in life.”
“I learned how fast money goes!”
“I learned that sometimes you need to make sacrifices to save money.”




Volunteers share:

“I was lucky enough to be invited to volunteer for one of the Adult for the day classes. I could tell that the students were really paying attention by the questions that they asked. I think they enjoyed the class as much as we did.”-Diane M.

“I felt this is a wonderful program for these young students. I even learned some things. The students seemed to really think about what actually happens in the real world with how to handle money. This is absolutely a great class. Very informative and needed!!!” –June E.