TSYS Teaches Money Basics to Local Children
Equipping children with financial knowledge, confidence
Choosing wise investments is something TSYS® makes a priority every day – and investment in the lives and futures of children is a choice they never regret.
TSYS sponsors the Financial Literacy Club at Downtown Elementary Magnet Academy in Columbus, Ga. to provide a lasting fiscal impact on future generations. But they don't just lend their name to the cause — TSYS also provides funding for the program, and TSYS team members created the club and continue to manage and staff it.
The primary goal is simple: to develop fiscally responsible citizens. But even more than that, TSYS volunteers want to equip children with knowledge to help them develop confidence in how they handle money decisions.
The program targets third- through fifth-graders because they have learned basic math concepts and can understand things like compounding and interest. One of the most unique aspects of this program is that it allows children to handle real dollars in learning foundations of money management.
TSYS volunteers touch on everything from the importance of giving and saving to what it means to borrow money. They also teach a module on credit, debit and prepaid cards and the differences between each. Students learn about fees, interest and even services like overdraft protection.
Because learning is so much easier in a hands-on environment, students have the opportunity to earn real dollars from TSYS at each club meeting by completing projects and participating in curriculum activities. And since they are learning the three primary personal uses of money – save, spend or give – students must choose what to do with their TSYS dollar.
One of the most unique aspects of this program is that it allows children to handle real dollars in learning foundations of money management.
It's not uncommon for fellow classmates to cheer one another "bank their buck with TSYS" at the end of each meeting. And those who do choose to save their money find big rewards on "Redemption Day" when they’re able to see that their dollars have grown.
DEMA's Financial Literacy Club is just one part of TSYS' overall strategy to make a difference in the lives of children and communities around the world. Programs are also underway to target teenagers with a broad range of financial literacy programs. And TSYS recently launched a Financial Literacy and Responsibility project in the U.K. to work with 16- to 18-year-olds who are preparing for employment or university studies.
Financial literacy is the 2016 theme for the Heart of TSYS community project and team members at TSYS offices across the globe will be helping children, teens and adults understand money matters.