Business

Students learn to earn and manage

November is Financial Literacy Month and students from across Vancouver Island have been learning to earn and manage money with PowerPlay Young Entrepreneurs.

Sponsored by Coastal Community Credit Union, this school-based program guides youth in Grades 4 to 8 as they explore important financial concepts in an exciting, real-life context.

Over a six-week period, students develop and run their own small businesses. They earn real money and even donate a portion of their profits to charity.

“Coastal Community Credit Union is proud to help Vancouver Island students increase their financial literacy skills through our sponsorship of PowerPlay Young Entrepreneurs,” says Allyson Prescesky, manager of community experience and communications. “The program empowers students to make informed financial decisions as they work through the business planning process. They are introduced to key financial topics through games and then apply the concepts to their own real businesses. This experiential approach enables them to develop new skills and build confidence in their abilities.”

Most of the young entrepreneurs purchase supplies to make their own products, which opens their eyes to the cost of everyday items. Many teachers report the drive to pass savings on to the consumer encourages creativity.

“The kids are coming up with some really neat ideas this year,” said Huband Park teacher Catherine Manson.

Her students have repurposed items into eco-friendly gifts, from vinyl records molded into decorative bowls to reindeer ornaments and candleholders made from beach branches.

“The materials are free but the products are really professional,” Manson said.

For more information visit www.cccu.ca or www.powerplay4success.com or contact PowerPlay Strategies at 1-888-880-0816.

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