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Teacher using 'Lattimore Bucks' to teach personal finance

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Teacher using 'Lattimore Bucks' to teach personal finance

CHARLOTTE, N.C. — Every Monday, Renaissance West STEAM Academy math teacher Shelby Lattimore starts her class by charging her students for their seats, not with U.S. currency but with “Lattimore Bucks.” It’s a project she started last year as a way to improve attendance.

“It’s not just about having them here,” Lattimore said. “It’s about having them here for the whole day from start to finish, ready to rock and roll. On top of the fact, just to get them accountable for their behavior and taking accountability for certain things in the classroom.”


What You Need To Know

  • Shelby Lattimore started using “Lattimore Bucks” in her classroom to help curb attendance problems
  • Each student has a classroom job, they get paid every week with Lattimore Bucks
  • With their bucks they pay for rent, as well as fines if they misbehave.
  • They also can buy rewards to teach them personal finance lessons

Each student is assigned a job in the classroom, which rotates every two weeks.

“These are their jobs,” Lattimore said. “If they’re underlined, they get paid $10. So those are the harder jobs they have to do every day. And then the ones that are not underlined, like this one, he just has to change my calendar. He just has to change the day on the board, like once in the morning so he doesn’t get paid as much.”

With their salaries, her students pay their rent for their seats. 

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“Their rent was inflated as of January, from $5 to $7,” Lattimore said.

And if students misbehave, they’re fined. 

“Like if you purposely lose your pencil, rip your notebook, things of that sort and then of course disrespect,” Lattimore said. “And their fines are a dollar.”

The more Lattimore Bucks they save, the more rewards they can buy. That is, as long as they have enough to pay their rent.

“Let’s say they have $10, but they want to buy lunch with a friend. If I do 10 minus 5, you’re not, you don’t have $7 for your next rent. So they cannot buy anything past their rent that they have to keep in their wallet,” Lattimore said.

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While the project may have started to improve effort in the classroom, Lattimore says it’s morphed into a much bigger lesson for her students. 

“Some of their parents, you know, thank me all the time,” Lattimore said. “We talk about all the time in Charlotte, generational poverty is a huge statistic here, especially in the kids and the families that we serve in my school.” 

She’s instilling lessons of personal finance and budgeting into the lessons every day.

“So just starting the mindset of how can I hold onto money? How can I make long-term decisions with my money? It all starts from a very young age in a safe environment before they’re out in the real world,” Lattimore said.  

It’s done in hopes of setting up her students for the future.

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“Even my students from last year, they are telling me that they’re saving their money, and they’re budgeting their Christmas money for a pair of sneakers or whatever they want,” Lattimore said. “So they’re holding onto the lesson. So I can only imagine a couple of years from now when they’re adults, how that will affect their family.”

Lattimore says other teachers she knows have started similar programs in their own classrooms. She says the concept can be used at any school for any grade level as a simple way to teach basic finances.

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Finance

Payflows Raises $26 Million for All-In-One Finance Platform

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Payflows Raises $26 Million for All-In-One Finance Platform

French FinTech Payflows has raised $26 million for its all-in-one platform for finance teams.

The company announced the funding on LinkedIn as it emerged from stealth Monday (April 22), saying that its platform would “set finance teams free from boring manual work.”

In less than 18 months, Payflows said, “we built a suite of procurement, payments, cash management and cash collection modules which are best-of-breed in their category and combined into an all-in-one platform.”

“We are forever grateful to our first customers — amongst some of the best forward-looking European finance and procurement teams — for their belief in our big vision and our mighty team. Our number one motivation is to make their lives easier.”

And that’s something most organizations are looking for in 2024, as PYMNTS wrote last week.

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“More and more organizations are recognizing the need to update and modernize what has historically been a manual, paper-based process — but one that’s also very mission critical to the business function,” Kat Battle, product manager for Complete AP at Bank of America, told PYMNTS in an interview last November.

Battle spoke of a client she had recently worked with who was “hand signing 7,000 checks per month and mailing them out.”

That situation had opened that company up to fraud, she said. Aside from the cost savings associated with accounts payable (AP) modernization, automating away legacy bottlenecks also helps make business payments more secure.

“AP automation solutions can automate 75% of the manual steps required for paper-based methods, leaving only the control pieces of the process behind like approving invoices, approving payments,” she said.

By making the streamlining of accounts receivable (AR) processes a priority, CFOs hope to unlock liquidity trapped in inefficient systems, thus putting their businesses on a more stable financial footing, PYMNTS wrote.

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“And, ultimately, by addressing their top worries, CFOs can better position their companies to navigate the uncertainties of the global economy, ensuring not only survival but also the potential for growth and sustainable success,” that report said.

“Chief value officer, or CVO, might be a more suitable title in the future for this position where you’re looking at not just financial analysis, reporting and controls, but value creation and how to use those resources to drive value creation for the company,” LiquidX CFO Abhishek Khandelwal told PYMNTS.

“It’s critically important to strike a balance in being a financial steward of the company and at the same time supporting the innovation that can drive future growth.”


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Finance

Scholarships to help finance your study abroad: A country-wise guide

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Scholarships to help finance your study abroad: A country-wise guide
Studying abroad has long been seen as a valuable opportunity for students to enhance their academic credentials, gain exposure to different cultures, and build a global network. Yet, the high costs associated with international education often make it challenging for many to pursue these dreams. Scholarships, therefore, play a critical role in making education abroad accessible to students from a wide range of socioeconomic backgrounds.

Scholarships can cover tuition fees, living expenses, travel costs, and other related expenditures, significantly reducing the financial burden on students and their families. This support allows students to focus on their studies and fully immerse themselves in the educational experience. Beyond the financial assistance, scholarships can also offer mentorship, internships, and networking opportunities, providing a well-rounded experience that extends beyond the classroom.

Here’s a country-by-country break up of all the scholarships available to you

Scholarships to study in the United States

Indians seeking scholarships to study in the United States have various options to consider. Many prestigious programs offer financial assistance to international students, including Indians, providing opportunities to study at renowned American universities.

(Join our ETNRI WhatsApp channel for all the latest updates)

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Here are some notable scholarships specifically available for Indian students to study in the US:

1. Fulbright-Nehru Scholarships

The Fulbright-Nehru program is one of the most prominent scholarship opportunities for Indian students. It provides funding for various academic pursuits, including Master’s degrees, doctoral research, and post-doctoral research. The scholarship covers tuition, airfare, living expenses, and other related costs.Here are all the details2. Tata Scholarship for Cornell University
This scholarship is for Indian undergraduate students seeking admission to Cornell University. Funded by the Tata Education and Development Trust, it aims to support Indian students who demonstrate financial need and are admitted to undergraduate programs at Cornell.

Here are all the details

3. S.N. Bose Scholars Program
This program offers Indian students pursuing science and engineering a chance to study and conduct research in the United States. It is designed for Indian students enrolled in Bachelor’s or Master’s programs in India and seeking research internships at select American universities.

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Here are all the details

4. The Stanford Reliance Dhirubhai Fellowship
This fellowship is for Indian students who wish to pursue an MBA at Stanford Graduate School of Business. It provides financial support to candidates from India with the potential to become leaders in the business sector. The fellowship is highly competitive and covers tuition and associated fees for the two-year program.

Here are all the details

5. Inlaks Shivdasani Foundation Scholarships
The Inlaks Foundation offers scholarships to Indian students to pursue graduate studies in the United States. The scholarships support various fields, including fine arts, architecture, applied sciences, and humanities. The award covers tuition, travel, and living expenses.

Here are all the details

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Scholarships to study in the United Kingdom

Studying in the UK is a sought-after goal for many Indian students, but it can be costly. Fortunately, there are several scholarships available to help cover the costs of tuition and living expenses. Here’s an overview of some prominent scholarships available for Indian students to study in the UK:

1. Chevening Scholarships
A prestigious program funded by the UK government, Chevening Scholarships are awarded to outstanding students from around the world, including India, for postgraduate study in any subject. They cover tuition fees, a living allowance, travel costs, and more.

Here are the details

2. Commonwealth Scholarships
These scholarships are aimed at students from Commonwealth countries, including India, who wish to pursue master’s or PhD programs in the UK. They cover tuition fees, airfare, and a living allowance.

Here are the detais

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3. Great Scholarships
Offered by the British Council, these scholarships are available to Indian students for postgraduate studies in the UK. They are funded by the UK government and various UK universities, providing a specific amount towards tuition fees.

Here are the details

4. Felix Scholarships
Available to Indian students pursuing postgraduate studies at selected UK universities, Felix Scholarships cover tuition fees and provide a stipend for living expenses. They are awarded to academically outstanding students with limited financial resources.

Here are the details

5. Charles Wallace India Trust Scholarships
These scholarships support Indian professionals in the arts, heritage conservation, and humanities for short-term study and research in the UK. They typically cover travel costs, accommodation, and a living allowance.

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Here are the details

6. Rhodes Scholarships
One of the most prestigious scholarships, Rhodes Scholarships are awarded to exceptional students from various countries, including India, to study at the University of Oxford. They cover tuition fees, a living allowance, and other expenses.

Here are the details

7. Inlaks Shivdasani Foundation Scholarships
These scholarships are available to Indian students pursuing postgraduate studies in the UK in fields such as fine arts, design, architecture, theatre, and music. They typically cover tuition fees and provide a stipend for living expenses.

Here are the details

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Finance

Livingstone Partners buys Dutch M&A firm Florin Finance

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Livingstone Partners buys Dutch M&A firm Florin Finance

Global M&A and debt advisory firm Livingstone Partners has bolstered its presence in the Dutch market with the acquisition of local boutique Florin Finance.

US-headquartered Livingstone Partners is an M&A and debt advisory firm dedicated to the middle-market. The firm has over 120 staff working from 11 offices worldwide, including two in the US, seven in Europe, and two in Asia.

With the acquisition of Florin Finance, Livingstone Partners doubles its team in Amsterdam to around 20 staff. The local Dutch office was launched in three years ago.

“This move reinforces our position as the premier independent M&A firm for middle-market transactions in the Netherlands,” said Ralph Hagelgans, Managing Partner at Livingstone. “The arrival of the Florin Finance team also positions Livingstone Partners for further growth in the Benelux in the coming years, creating ample opportunities for both clients and professionals.”

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Florin Finance was founded in 2013. The boutique has over the years closed dozens of transactions across sectors such as agriculture, professional services, industry, technology, telecom, and retail, among others. The firm has bagged several awards for its work, including being named a leading M&A consultancy in the Dutch market in 2023.

“Florin Finance is renowned for its high-quality, hands-on M&A services. Our shared culture of excellence in dealmaking will enable us to make a significant impact in the Benelux market,” said Niels Claeren, Partner at Livingstone Partners.

The deal will see nine staff transfer, with partners Remco Goes and Niels Roks now becoming partners at Livingstone Partners, lifting its partnership to six. Istvan Csejtei and Joris van de Kerkhof both joined from PwC last year, following in the footsteps of Niels Claeren and Mark Pel who previously made the same switch.

The Amsterdam team of Livingstone Partners works for entrepreneurs, private equity firms, and corporates, with a focus on six segments: business services, consumer goods, healthcare, industrial, and media, and technology.

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