Career & Education

Scotia teaches financial literacy

Sunday, May 07, 2017

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Scotiabank partnered with Junior Achievement Jamaica last month, observed as Financial Literacy Month, to present a financial education programme to eighth and ninth grade students in nine schools in the island.Bank employees took an entire day to teach classes on personal budgeting and savings plans at Sydney Pagon Agricultural School, St Elizabeth; Brown's Town High, St Ann; Old Harbour High, St Catherine; Rusea's High, Hanover; Belmont Academy, Westmoreland; John Mills Junior High and Gaynstead High, St Andrew; Tacky High, St Mary; and Denbigh High, Clarendon. “We believe that educating young people to take control of their financial future is important,” said Yanique Forbes Patrick, Vice-President marketing at Scotiabank. “Developing financial literacy in our youth is vital in ensuring healthy relationships with money and in the future will be beneficial to their personal success and to the success of the county”.

According to Kalace Titus Reid, who spent the day teaching at Rusea's High, “It was a great day, but it was very exhausting. I lift my hat off to teachers.”

“The children were very appreciative and sincere about how much the session meant to them. They gave an overall vote of thanks but after that they also individually expressed how much they learnt and that they are much clearer now on finances and career decisions. They were very involved and participation was at the maximum,” she added.

The bank said it has an ongoing commitment to improving financial literacy, having donated $14 million to Junior Achievement Jamaica's Road to Success campaign which provides young people with tools and hands-on, in-class workshops to help them face economic challenges and succeed in life.

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