MORRISTOWN, NJ – As part of Unity Charter Schools unique electives curriculum, students can choose from a wide variety of courses.
One of the current electives offered to students between 5th and 8th grade is a personal finance class. This elective introduces students to concepts and practices to successfully manage their personal finances. Financial literacy is an integral component of a student’s college and career readiness, enabling students to achieve fulfilling, financially-secure, and successful careers.
A local business and neighbor to the school, Beyer Ford and Beyer Chrysler, hosted the class and several members of Beyer’s Sales Management staff discussed finance topics related to large purchases, such as a car.
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Mark Spencer provided students with a series of scenarios to highlight the impact of consumer credit scores on the cost of financing a car or other large loan. Students also learned about the different methods a car could be bought or leased and the impact those choices have on their monthly budget. While students explored vehicles in both the Chrysler and Ford showrooms, Sales managers John Shell and Scott Snow discussed how different features on the vehicles have improved and how they impact the overall price of a vehicle.
After their visit to the Beyer dealerships, students not only had a deeper understanding of the impact the financial choices they will be making as young adults could have on their future buying power but also a better idea of what kind of car they may start saving for.
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