Finance
JHS Course Teaches Personal Finance
College students in Amy Schultze’s Private Finance class at Jamestown Excessive College, a JCC School Connections course, have gone on quite a lot of area journeys to study extra concerning the significance of constructing their “monetary toolbelt,” together with to Northwest Financial institution in downtown Jamestown.
Previous to instructing, Amy Schultze helped run her household enterprise — a neighborhood ironmongery store — the place she aimed to assist clients construct their very own toolbelt.
Now a Jamestown Excessive College enterprise instructor, she’s energized by the prospect to assist the subsequent technology of JHS college students construct their “monetary toolbelt” and earn faculty credit score within the course of.
Schultze teaches BUS 1610 – Private Finance at Jamestown Excessive College, a course obtainable by means of SUNY Jamestown Group School’s School Connections program and designed to “present college students with the required instruments to realize monetary success.”
“College students create a ‘software belt’ that’s customized based mostly on their very own monetary objectives,” Schultze mentioned. “We talk about the significance of setting brief, mid-range, and long-term objectives and every learner’s objectives differ based mostly on what they deem as being financially profitable. The important thing takeaway from this course: it’s not what you make, it’s what you save.”
The course additionally encapsulates a wide range of different points such because the distinction between financial savings versus investing; easy versus compound curiosity; and the variations between scholarships, loans, and grants. They’ll additionally take part in Junior Achievement’s WNY Fall 2022 Inventory Market Problem throughout November.
Amy Schultze (proper), accompanied by 2014 JHS graduate and Shults Nissan Subaru enterprise supervisor Austin Harmon (left), goes over the method of shopping for a automotive along with her class throughout a latest area journey to the dealership.
Subject expertise has additionally been of the utmost significance to Schultze: in September, college students visited Northwest Financial institution to study concerning the significance of constructing relationships together with your native financial institution; in early October, they attended a New York state sponsored profession truthful and heard from companions at Jamestown Enterprise School concerning the significance of finishing the Free Utility for Federal Pupil Assist (FAFSA); and most just lately, they discovered concerning the rudiments of shopping for and sustaining a automotive from representatives at Shults Auto Group and discovered concerning the significance of managing one’s funds throughout a go to to Summit Wealth Administration.
Subject journeys are additionally scheduled to The Legend Group and Southern Chautauqua Federal Credit score Union later within the semester.
“My hope for all college students is that they’re able to fill their ‘monetary software belt’ for present and future utilization,” Schultze mentioned.
“As an illustration, college students will not be able to buy their first automobile at this time. However hopefully by the point they’re performed with the category, between the analysis, actions, and area journey to Shults Nissan Subaru, they’ll really feel a little bit extra conversant in the automotive shopping for course of.”
That area expertise was significantly significant for JHS sophomore Owen Caswell.
“My favourite factor thus far has been studying about automotive loans,” he mentioned. “It’s vital to me as a result of I’ll be getting my allow quickly and whereas there are some points of automotive shopping for which can be acquainted to me, there’s quite a bit that I’ve discovered that I’ll want to contemplate throughout that course of.
Caswell has additionally appreciated Schultze’s perception within the classroom.
“She’s a pleasant instructor and he or she’s created a fantastic setting within the classroom,” he mentioned. “She makes studying about these things enjoyable.”
“The entire class has been very academic about what to anticipate as an grownup,” he concluded.
“As we ship our college students out and into the world, I simply need them to be ready,” Schultze mentioned. ” I confer with a quote from (American financier) Suze Orman that ‘making it in America means you’ll be able to sleep at evening, and never fear once you stand up within the morning how are you going to pay your payments. … Smile for the issues that you’ve got, not for the belongings you want you probably did.”