NEWPORT NEWS, Va. (7/22/14)--Grasping personal finance concepts isn't easy, or a lot of fun for most people, but football is almost second-nature to Americans. Bayport CU, with $1.3 billion in assets, Newport News, Va., recently used the game as a tool to teach school-age children about financial education.
Fifth- through eighth-grade students from the Boys and Girls Club Suffolks Unit played financial football (Suffolk News Herald July 19). Participants could choose passing or running plays to move the ball down the field. The more difficult the question they chose to answer, the farther a correct reply would move the ball down the field.
But an incorrect answer gave defense a chance to answer correctly--and an opportunity to create a turnover or a loss of yardage against the offense.
Like a real game, the financial football contest was preceded by training. The students spent the previous part of the week learning about personal finance from Bayport CU employees. Among the topics addressed were income and expenses, budgeting, the importance of saving, credit and debit cards and information security.
The competition provided by financial football gave the kids an opportunity to show how they absorbed some of the financial concepts, Kris Moore, Bayport youth educator, told the Suffolk News Herald.