Pittsford Schools offers courses in financial literacy aligning with New York State standards to equip students with essential life skills. Currently, the curriculum includes the courses Financial Planning and Business Dynamics II – Financial Management. In addition, our Career and Technical Education program has financial literacy elements incorporated into more than 15 classes. These courses incorporate real-world applications to financial literacy concepts through case studies, simulations, projects, discussions of current events, internships, and insights from industry professionals.

The Financial Management unit of the Business Dynamics II course covers topics like checking and savings accounts, retirement accounts, using credit cards wisely, and how to read a credit report score. Students learn skills to help them on the job by understanding paycheck calculations, payroll taxes, and tax returns. A large focus is on budgeting skills. Students create a budget with a set salary in which they must locate, rent, and furnish an apartment, purchase a car, and explore fixed versus variable expenses.

The Financial Planning class is a semester-long course designed to expand upon the skills necessary to be financially competent in financial planning, saving options, paying for higher education, and investing money. The course includes a virtual stock market simulation to prepare students for managing their money in challenging economic environments. Students who take this class also receive three SUNY Community College credits and may qualify for a Financial Literacy Certification through the National W!se Financial Literacy Program.

The growing significance of financial literacy is amplified by the increase of digital payment and investment platforms, cryptocurrencies, and other technological influences. Adapting to managing money safely online is essential, and awareness of financial scams and fraud is crucial for avoiding pitfalls.

Parents and guardians can play a role in supporting their student’s financial education at home by modeling responsible budgeting, saving, and investment practices. Encouraging open communication about family financial decisions, such as everyday activities like grocery shopping, helps students understand the value of money and establish saving goals from an early age. A strong foundation in financial literacy can reduce financial stress and equip students with the knowledge to make informed decisions shaping their future financial success.