Non-profit

Financial Literacy Month- How Ignite Mentoring, a student-led nonprofit is educating and raising awareness regarding the importance of financial knowledge

A student-led organization enabling you to become financially independent.

The month of April is celebrated as Financial Literacy Awareness Month to emphasize the importance of financial literacy and to educate individuals on the methods and procedures that can assist them in being more financially savvy. The aim of Financial Literacy Month has always been to promote, advocate for, and support efforts to improve financial literacy.

We had a conversation with Lilli Coulson, secretary and Hannah Batcock, finance manager of The Ignite Mentoring Inc. The organization offers innovative programs regarding finances.

Q
What are your organization’s main goals?

Lilli Coulson: Our program’s primary purpose is to boost students’ self-esteem by engaging them in various activities. We have a mentor base that travels to several classrooms in low-income regions during a nine-week program.

Our resilience program, jobs program, and English as a second language program are among the programs we provide. Each of these programs is nine weeks long. Our classrooms run from year seven to ten, and we have several things that we work on. Teamwork, leadership, and communication persistence are all part of developing students’ soft skill sets.

Q
How critical is financial literacy in 2022?

Lilli Coulson: Financial literacy is essential because it has an impact practically on every part of our life. This is especially true for us as students. As we advance into adulthood, it has a significant effect on our path to financial independence. Understanding one’s own money and those of others can help one achieve financial independence. It’s also crucial to know how to make such kinds of sound financial judgments to achieve long-term success. As a result, financial literacy is becoming increasingly crucial as our economic landscape changes.

Hannah Batcock:  Being able to make those critical financial decisions means we can achieve our financial objectives more efficiently and manage our money and debt better.

Q
How does Ignite help students?

Hannah Batcock: We don’t focus on financial literacy mainly, but we do work with students to help them become more resilient and confident. Critical thinking is one of the significant skills on which we concentrate. Because it is a skill they can apply while making financial decisions. We put a lot of effort into making each student feel at ease and valued in the classroom atmosphere. This means they can ask questions, and we encourage them to do so about what the workforce might look like and other topics. And we deal with students predisposed to poor self-confidence due to educational disparity. We encourage them to seek resources while making decisions by working with them to improve their soft skills and confidence.

We hope this conversation has given you a better understanding of the significance of financial knowledge and its applications. Gain access to the world of corporate volunteers. Get in touch with our team and share your Impact Story on our platform.

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