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The Beta Alpha Psi Financial Literacy Team, (from left to right) Wesley Martin, Hans-Albert Jorissen, Nancy Robles, Andrew Vogt, Amy Lee, Fary Zareh, Robert Singer, Laurie Schrimpf (not pictured: Jennifer de Luna, Gisela Rodriguez)

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SDSU’s Laurie Schrimpf assists Hoover High students

Members of the SDSU chapter of Beta Alpha Psi have founded the Financial Literacy program, The Financial Literacy program is aimed at helping high school students learn how to manage money and how create and maintain a personal budget.

The program is designed as a game in which the high schoolers are given a $1500 monthly paycheck and are given options on how to use it. These options include food, housing, entertainment, savings account, cell phone and a number of other “real world” budget items.

They then must buy the products and services they want while keeping track of their spending. During the game, they are also given financial “curveballs” – positive or negative - ranging from a flat tire and illness to bonus money found at the laundry mat.
At the end of the game, the SDSU students engage the high schoolers in conversation about how they managed their money and what they could have done differently. They are also told about how they can create their own budgets in real life and how items like credit, savings and college investment can be worked in the scenario.

Most recently, Beta Alpha Psi’s Financial Literacy team worked with students at Hoover High School in San Diego. They will be presenting at SDSU’s Upward Bound program this summer.

Beta Alpha Psi is a national honors organization, which recognizes university students in the fields of accounting, finance and information systems.

For more information about Beta Alpha Psi or the Financial Literacy program, please contact Wes Martin at bapbetaeta.president.elect@gmail.sdsu.edu.