FEF Articles

Upon signing up a child for their first day of kindergarten the student will receive a $500.00 account. This account will remain linked to the students financial curriculum progression throughout the entirety of their K-12 educational journey. The account acts as a safe and practical learning tool designed to teach children how to properly wield money and give them a fundamental understanding of finance and how it effects their lives and the world around them. The account is accessible only through the schools treasury system and remains linked to the students records for life. Parents may have "visual only" access to the account so they may monitor their child's progression trough the curriculum. As the student progresses through the levels of the financial curriculum they use the account to spend money to grow a business from the ground up. Weather their account grows or looses money depends on how well they perform in tasks set forth by the curriculum. If the student totally depletes the funds in their account for whatever reason, the account fills back up to $500.00 at the start of the next school year. However the likelihood of this occurring would be virtually impossible due to the naturally reciprocal internal purchasing mechanism controlled by the school treasury. The mechanism is used on purchases chosen from a list of approved items and services. Thus insuring a closed economy within each school that can be closely monitored by the School Treasury. Upon passing a basic minimum standard test in finance and graduating 12th grade, the student will be given full access to the contents of their account. The account is then marked as complete and the student can choose to close the account or let it remain open only for the purposes of donations to their school.