GPS Seniors Receive Advice About Personal Financial Management

Thursday, May 24, 2018
Laura Coleman, certified workplace money coach with Common Cents Financial Literacy, speaks to the GPS girls in Finite Math
Laura Coleman, certified workplace money coach with Common Cents Financial Literacy, speaks to the GPS girls in Finite Math

In Chris Zeller’s finite math class at GPS, seniors heard from guest speaker Laura Coleman, certified workplace money coach with Common Cents Financial Literacy. Mrs. Coleman, who is also an accredited financial counselor, spoke about how teens can: set financial goals and learn to budget, understand how current events/economics can affect their finances, consider student loans and debt/credit options, establish career connections, and avoid common financial pitfalls.

Through four classroom visits to each finite math section, Mrs. Coleman required the girls to work in groups to analyze various financial scenarios. These problem-solving teams allowed the girls to work through various case studies and associate real-world applications that brought forth an additional perspective to some of their present classroom investigations in finite. 

“Mrs. Coleman, who has more than 17 years of counseling experience in the world of finance, was able to speak directly to the girls about life skills needed to become financially responsible adults,” Mr. Zeller said. “She presented to them budgeting issues they might encounter as they take steps to establish credit, while helping them consider how to navigate their own future personal financial obstacles and how to be proactive users of money and credit as well as debt.” 

Assignments included keeping a detailed record of spending habits, and candid talk revealed that even a $5 per day Starbucks habit can add up to $1,800 per year. 

Mr. Zeller added that Mrs. Coleman’s insight provided a fitting capstone to the personal finance units the girls were working on, including an in-depth personal budget project the students had to develop based on their aspirations and goals regarding their future employment as university graduates. 

Mrs. Coleman filled her presentations with real-world examples, and gave the girls advice regarding internships. She paired students to role play how to negotiate a salary during an interview, and the girls researched desired careers and formed budgets based on the salary associated with the position. They considered the cost of living in their dream city as it applied to housing and other expenses.
 
Mrs. Coleman and Mr. Zeller spoke candidly to the classes about debt—how to avoid it, how it affects credit ratings—and best money management practices, including budgeting for emergencies and investing for the future, both long- and short-term. “If you learn good financial practices now, when you’re 40, you won’t have made the same mistakes that others have,” Mrs. Coleman says. “Good habits now equates to being kind to your future self.”



Historic National Study To Reconnect With Tyner High Classes Of 1960-1963

In 1960, the students of Tyner High School became part of a landmark study called Project Talent. The study included more than 400,000 teenagers from all walks of life and presented a snapshot of a generation coming of age on the cusp of a new era. It was the most comprehensive study of American high school students ever conducted. This week, 58 years since the original study ... (click for more)

Baylor Receives CASE Circle Of Excellence Award

The Council for Advancement and Support of Education announced that Baylor School is among the winners of its 2018 Circle of Excellence awards.  The school's fundraising video, "Forever Forward:  The Campaign for Baylor School," was selected for a gold award in the long video category.  The winning entry was created to kick off the public phase of the school's ... (click for more)

Strong Winds Wreak Havoc In Chattanooga; Thousands Lose Power

A storm with wind gusts up to 70 mph did considerable damage in downtown Chattanooga around 2 p.m. on Saturday. Fencing along Miller Park was twisted onto a nearby lane of traffic on Market Street. A sizable tree was split, causing it to fall across Cherry Street between Third and Fourth streets. A number of traffic lights were knocked out of service. Several thousand ... (click for more)

2 Shot In Separate Incidents Early Saturday Morning; 1 Victim Is A Juvenile Girl

Two people were shot early Saturday morning in separate incidents. The first incident was at  3:30 a.m. when the Chattanooga Police Department responded to a person shot on the 1000 block of North Willow Street.  Upon arrival, officers made contact with the victim who was suffering from a gunshot wound.    HCEMS transported the victim to a local hospital ... (click for more)

Protecting Family Homes On Signal Mountain

The Signal Mountain Town Council will vote at their upcoming July 9 meeting on whether to approve a controversial rezoning application regarding property located at the northwestern corner of Albert Road and Taft Highway.  Prior to the rezoning request, Albert Road was the redline on Taft Highway past which commercial development within the town did not extend. This rezoning ... (click for more)

Roy Exum: Claude And "Mr. John"

There are some who believe this last week has been a devastating one for our community, losing two of our most beloved “builders” within three days of one another. Claude Ramsey, who spent over 40 years in public service and because of the type man he was never lost a political race, died on Monday after a hard fight with illness at the end. On Thursday we lost “Mr. John” Franklin, ... (click for more)