I spent the day at JA Biztown yesterday with my daughter’s class and absolutely loved it. Truth is, I had forgotten how impactful Junior Achievement programs are and the important role they can play in the lives of our children.
Back in the early 90’s, I had the honor of serving as president of Junior Achievement of Halton (just outside of Toronto, Canada) and some 20 years later, I’m glad JA is still making a difference in the lives of our children.
My daughter the CFO
It was so good to see my daughter and her classmates participate in JA BizTown – the Capstone programs that serves as the culmination of classroom-based economic curriculum. Part of the program involves students leaving their classrooms and head to JA BizTown — a kid-sized city — for a simulated real-world experience.
My daughter Cecilia applied for and was selected to be the CFO of BizTown’s Grocery Store. For the first part of the morning, she was called to enter employee data in the system; work with the CEO to prepare the loan application; run payroll for the store’s employee and, at the same time, prepare her personal deposit slips (both for her checking and savings account). During her first schedule break, she made her way to the BizTown bank to deposit her paycheck, open her savings account and take out some cash.
When she returned from her break, she had several invoices she need to pay. She quickly realized that she also need to start entering deposits – the bank was already taking loan payments out and with all the bills she had to pay, she was worried the business wouldn’t have any money.
What was even more important was the lessons each of them were learning. Junior Achievement is the world’s largest organization dedicated to educating students in grades K-12 about entrepreneurship and financial literacy through experiential, hands-on programs.
When we consider the current state of our economy and the daily discussions about the ‘fiscal cliff’ and associated recession, I’m a firm believer that equipping our children to be financially literate must be a priority.
Thank you to Hutchinson Public Schools for making JA a priority program for our children and for giving me the opportunity to see my daughter in action as the CFO of BizTown’s Grocery Store. A day well spent – for both father and daughter!
Be well and make it a great day!