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Students, teachers share learning
environment in financial seminar

Shreveport-Bossier area middle and high school students shared a learning environment with middle and high school teachers at LSUS in June in two “Financial Independence for Life” seminar sessions presented by the Louisiana Consortium of Insurance and Financial Services’ (LCIFS) Institute of Financial Literacy. State Farm Insurance supported the seminar with a $10,500 contribution.

The curriculum of personal financial planning topics in the two-week sessions empowered the 50 students to develop awareness and skills sufficient to live with financial security and independence.
At the same time middle and high school teachers learned how to teach the same information to students in their classrooms.

The seminars were led by Dr. Harvey Rubin, LCIFS director and professor of finance, and Dr. Carlos Spaht II, director of the program and professor of mathematics. Topics covered included creating a budget, savings and investments, stocks, bonds, mutual funds and annuities, credit cards, types of insurance, risk tolerance and the time value of money.

Students studied the mathematics of finance: reading and creating graphs, calculating percentages, discounts, simple and compound interest, and used graphing calculators to graph functions and do sophisticated financial computations.