Boston Students Gain Practical Financial Literacy Skills
Bank of America professionals are teaching local students how to manage modest budgets through classroom simulations.
Updated on Oct. 27, 2026 in Financial Planning
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Bank of America professionals recently provided financial literacy training to students at the Boston International Newcomers Academy. This program connects financial experts with local students across eight Boston public schools to teach essential money-management skills.
Why it matters
Teaching students to navigate budgeting and personal finance at an early age provides a foundation for handling future job and family responsibilities. The program aims to bridge the gap in financial education identified by a recent state task force report as a primary challenge for local classrooms.
The program has connected 1,000 students across 8 middle and high schools with financial professionals over the last two years. While the curriculum focuses on practical budgeting, the timeline for potential expansion remains under review by Boston Public Schools.
The players
Bank of America
A major financial institution that provides consumer banking services and financial literacy resources to communities.
Boston Public Schools
The local school district managing the implementation and expansion of financial education programs.
Greater Boston Chamber of Commerce Foundation
An organization collaborating with public schools to facilitate financial education access for local students.
The details
Professionals visited classrooms to guide students through hands-on budgeting exercises using worksheets and calculators. These sessions simulate the experience of managing a household budget on a modest income to teach real-world money-management skills. Students requested this training to help them manage their own jobs and family responsibilities more effectively.
Timeline
The program connected 1,000 students with financial professionals between 2024 and 2026.
Money Landscape
This effort aligns with findings from a state task force report that identified limited classroom time as a significant barrier to financial literacy in schools. The expansion of these programs represents a shift toward integrating practical money-management skills into standard curricula.
Establishing a routine for tracking income and expenses is a foundational step for any household budget. Consider speaking with a financial professional to discuss how basic budgeting tools can help you better manage family expenses or prepare for future financial obligations.
The takeaway
Developing budgeting skills early helps prepare students to handle their future financial lives. Families can review their own budgeting methods by using simple spreadsheet trackers or bank-provided mobile apps to categorize their monthly spending.
Further reading
For more on managing household finances and setting long-term goals, visit our Financial Planning section.
Source note: This article includes information reported by 105.7 WROR.
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