There’s a lot of learning that goes on outside of the classroom in school. While students learn math, science and language in class, they are also learning important life skills like social skills at lunch and recess. The school store provides a great opportunity for students to start learning financial skills at an early age, which will set an example for them to follow for the rest of their lives.
A strong grasp of the concepts of personal finances is important for everyone to have. However, these skills are often not heavily emphasized in the classroom. While students may take a personal finance class in high school, they otherwise are left to acquire this knowledge for themselves. This is why it’s so important to instill good personal finance values in kids from a young age. It’s an unfortunate fact that as students get older and get their first credit cards, many of them end up in debt because they were never taught good money practices. A school store allows teachers to educate students about how to be responsible with their money from an early age. Teachers can encourage students to spend intelligently at the school store by saving up for purchases and not spending too much. If kids can be taught good spending practices early on, they will carry these concepts with them for the rest of their lives.