VIPS Programs in the Area of Financial literacy
Each year, Falmouth VIPS has been expanding its volunteer-based programs and opportunities for students in the area of financial literacy, with the goal of creating age-appropriate, multi-layered programs and experiences for students starting at the early elementary level and continuing through their middle and high school years.
CHOICES Program for 7th and 8th graders, Lawrence School
The VIPS CHOICES program brings in community volunteers to present one-day workshops in 7th and 8th grade classrooms (575 students) to raise students’ awareness about traits, behaviors and habits that can positively impact their school experience and support their future pursuits. Students participate in engaging discussions and activities about Traits for Success, Behaviors to Impress and Time & Money Management. Volunteers receive training and guidance. Their practical, real-world perspectives and experiences of the volunteers enhance the content in the Choices program.
Interested in volunteering? Contact our Financial Literacy Program Leader.
Junior Achievement: VIPS is seeking volunteers who can commit to one classroom for a 30-45 minute lesson once a week for 5 weeks. VIPS will provide JA materials and training (one hour), lesson plans, and supplies for every student.
Description: Junior Achievement (JA) is a national organization dedicated to empowering young people with knowledge in the areas of career readiness, entrepreneurship, and financial literacy. Throughout the school year, volunteers from the Falmouth community visit our elementary school classrooms to present engaging lessons and interactive activities on topics including: needs vs. wants, career options, starting your own business, the role of business and government in our community, and so much more. During the current school year, over 30 elementary school classrooms have participated in Junior Achievement!
Martha's Vineyard Savings Bank Savings Program: Good savings habits start early! This program, offered at all four elementary schools and Morse Pond, provides an opportunity for students to open a savings account and make deposits right at school! Volunteers are needed weekly to help students with deposits.
Falmouth VIPS also seeks volunteers for the following programs:
Lawrence School--Career & Community Service Fair (June, every other year)
Falmouth High School--Career Day for Juniors (November)
The 2017 Career Day sent nearly 200 high school juniors out to get a behind-the-scenes look at careers they may be interested in pursuing after high school. This year, 34 host sites participated and students heard from 104 presenters! This event is made possible by Falmouth VIPS, the FHS Guidance Department, Falmouth Chamber of Commerce, Rotary Club of Falmouth, Woods Hole Oceanographic Institution, and the Coast Guard.
Credit for Life Fair for Seniors (March--see YouTube video, below left, from the 2017 Fair)
FHS Job Board (year-round)--postings from local businesses and organizations seeking part-time employees (seasonal and year-round), interns, and volunteers.
Falmouth High School Student Saving and Spending Habits Survey
In April, for Financial Literacy Month, Falmouth VIPS surveyed FHS students about their savings habits and things they spend their money on. Thanks to lots of promotion and publicity, we received an excellent 40% response rate. The survey, modeled after a survey created at Revere High School as part of a statewide financial education initiative, revealed some encouraging habits:
Of the students who responded:
50.6 % Females
87.9% of students who responded have a source of income
91.3% currently have money saved, and over half (55.1%) save money regularly (either weekly or monthly)
Of those who save, 31.4% save "nearly all" their income, while 24% save three-quarters of their income, and 24.3% save half of their income
86.7% of those who filled out the survey have a personal bank account (and about half of them attribute that to their parents either advising them to open one or opening one for them)
Students indicated fairly modest weekly expenses. Based on all responses, average weekly expenditures are as follows:
Fast Food: $9.97/week
Transportation (incl. gas): $15.94/week
In terms of average monthly expenses, students spend their money on:
Cell Phones: $47.94/month
Personal Grooming: $37.50/month
Movie Tickets: $28.95/month
Concerts/Sporting Events: $38.57/month
Music/App downloads: $30.79/month