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BURLINGTON, Conn. (WFSB) – There’s an old saying: “A dollar saved is a dollar earned.”
Unfortunately, many of us end up spending more than we put away.
Financial literacy starts at an early age, and students at Lewis Mills High School in Burlington are learning the keys to success.
What they learn in one class can make a huge difference.
“If you’re going to send your kids into the workforce, if you’re going to send them to college, if you’re going to send them to the military, if they can’t read a pay stub, if they don’t know the basics of budgeting. If they don’t know what it means to live within their means and the pitfalls of credit, how will they succeed?” said Barbara Angelicola Manzoli.
Angelicola-Manzolli teaches Introduction to Business.
This year, Gov. Ned Lamont signed a bill requiring all high school students to take a financial literacy course at Lewis Mills.
“I feel like this class really gave me the information I needed to deal with my own financial issues,” Max DiNunzio said.
They are learning how to budget and use credit cards responsibly.
“We tracked our spending and found out how much we spent, and it was a lot more than you would think,” Tristan Mooney said.
These students are going above and beyond. They participated in the Stock Market Games, competing against more than 1,200 Connecticut high school teams.
They had to pick a stock in a company and show how that stock performed. Their stocks were doing well. They took third place.
Liam O’Sullivan said: “Now more than ever, we are seeing children in general spending more money than they have and living beyond their means.”
It made them want to do more.
“I’m working with a local bank to establish a student bank here in Lewis Mills,” Patrick O’Sullivan said.
“I came here not knowing anything,” Gisele Barankowski said.
Barankowski hopes to apply what she has learned to start a fashion business.
“Am I teaching them everything? No, but am I giving them so much information that they can use it 100% and build on it?” Angelicola Manzoli said.
At the end of class, each team must create a portfolio. It lists different stocks that they follow and do a lot of research on.
The big payoff is helping students learn life skills and giving them a chance to succeed financially.
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