On Wednesday, rapper 21 Savage announced the creation of a new free online financial literacy program, Bank Account at Home, which will focus on helping kids in grades K-12 feel more empowered when it comes to making decisions with their money. So, what specifically is included in the “Secret” musician’s educational effort?
According to Chime, a financial services company that partnered with Savage’s personal foundation, Leading By Example, as well as Juma Ventures and EverFi, an education technology platform to present Bank Account at Home, the program was created in order to give targeted lessons about finances for elementary, middle, and high school students.
For the youngest age group, the “Vault” section of the program will focus on topics such as making responsible choices, borrowing money, and choosing a career when they get older. Questions about how their families spend money based on their wants and needs, along with a discussion surrounding financial mistakes, will be addressed in a range of ways, including graphic organizers and worksheets.
Middle school students in the “FutureSmart” part of the program will learn more about payment methods, their financial personalities, and building blueprints for their lives by filling out guided notes and worksheets. Discussion questions are also available for kids of this age group as well that will surround investing, the differences between a debit and a credit card, and more. Additionally, this area of the program will give children a chance to drill down even further on certain topics, such as defining sales tax and emergency funds.
Finally, the oldest participants will be able to take advantage of the “Venture & Marketplaces” portion of the Bank Account at Home program as they take a closer look at entrepreneurial expedition and financial literacy as a whole. The guided notes, worksheets, and discussion questions will then allow them to examine how they prioritize spending and some of their long-term financial goals.
As outlined by the Grammy Award-winner’s new initiative, Bank Account at Home will try to empower today’s youth through the specific prompts and lessons as they “believe that with education comes more financial peace of mind and the power to build your own future.”
Savage, whose real name is Shéyaa Bin Abraham-Joseph, posted about the new program following its announcement on Wednesday. “I’m making financial literacy available to kids and families across the country this summer with #BankAccount At Home- a free online program to give you the tools you need to learn to save and make money,” he wrote, as seen in the post below.
I’m making financial literacy available to kids and families across the country this summer with #BankAccount At Home- a free online program to give you the tools you need to learn to save and make money. @chime @everfi @keishabottoms
In addition to partnering with the aforementioned organizations, the 27-year-old’s effort will also work with Atlanta mayor Keisha Lance Bottoms to provide free WiFi and tablets for underserved students throughout the city, according to the Associated Press.