Financial literacy goals: These high school students aim to teach their peers better financial habits

Zarina Lukash / iStock.com

A child’s brain is like a sponge that absorbs information, which makes childhood a good enough time to learn about many topics, including money. This is especially important since teaching them good financial habits early can help them succeed as they grow up.

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That’s exactly what a group of teenagers in Charlotte, North Carolina, set out to do. They created a new startup called 2TheFuture Tickets which allows peers to start learning about money and the right ways to earn and save it.

“We want people to have the power of knowledge,” co-founder Griffin Bohmfalk told local news station WCNC. He, along with three other incoming high school friends, conceived Tickets2TheFuture after starting an investment club in school and wanting to expand after realizing the need for greater financial tools for young people starting to work and Earn a salary.

“We saw how many people lacked basic finance knowledge and we wanted to get back to basics,” co-founder Ethan Jacobs told WCNC. On the platform’s official website, the co-founders point to the Financial Industry Regulatory Authority’s annual financial literacy quiz, noting that only a third of participants typically have an accuracy above 80%. Their aim is to fill in the gaps of “the widespread financial illiteracy in our country”.

Launched in July, Tickets2TheFuture primarily targets teenagers using influential social media platforms like TikTok and Instagram to raise awareness. Recent articles have included video tutorials on the stock market and how stocks work, what inflation is and how to open a bank account – as well as why it’s important to do so.

However, they also have tools for younger kids with entrepreneur starter kits, including a guide to setting up neighborhood lemonade stands. In the future, they plan to organize events and workshops with financial experts.

There are plenty of tips online to teach kids good money habits. Forbes, US News & World Report, NPR, Parents.com and countless other outlets encourage teaching children the value of a dollar, giving them the opportunity to earn money and using real life examples to go to a bank to instill financial savvy in growing minds. Even institutions like Chase and Fidelity have options for “First Banking” and a “Youth Account”, respectively, which allow children to access their own bank accounts and debit cards.

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Tickets2TheFuture is one of the premier money forums created by kids for kids, which just might be the key to keeping those valuable money lessons going.

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Geraldine L. Melton