Grooming Financially Responsible Students with Prodigy

Aug 26 2022 | 4 minutes read

Allowing children to handle money from a young age is the most effective way to teach them about money. No parent wants to hear that their child is a thief, so if your school can graduate financially responsible students, it will open up new opportunities for school growth.

Parents do not only send their children to school to educate them. They also want schools that will help their children develop good morals while they are away from them. Schools on their part try their best to instill the desired morals in their students but there is only much school teachers and staff can do to achieve this. For example, a teacher can teach his/her students to always tell the truth and never take what does not belong to them. But the child's decision to do what the teacher says lies in his/her hands hence the teacher cannot control the desired action.

These little factors that build up characters are what Prodigy put into consideration in developing the Prodigy School Suite so they included a section that is the Mart. In the Mart section, parents fund their child's e-wallet for spending without the child touching real cash to pay for food in the cafeteria, to buy books, etc. On top of that, parents have the privilege to set the spending limit for their children.

This is a big one because as the old saying goes "The love of money is the root of all evil". When children have access to money, it breeds early exposures meant to come much later in their lives and this shapes a huge part of their financial intelligence in life. But when they can spend money without touching it, they won't be moved by what someone who has more than them can do and they can’t. This would help them grow into non-greedy and non-corrupt individuals. The spending limit benefits for parents will shape students into responsible individuals. They would understand that once they have exceeded their daily or weekly limit, there is nothing left for them again. Also, the unavailability of cash would make students never think or even learn how to steal money.

When a parent tells another parent that his or her child's school does not stress them with coming to school to pay emergency money, or in some cases having to send money to a teacher to give to their ward, that parent would also want to enjoy that benefit and may transfer their child to the said school. No parent wants their child to be sent out of the class over an unpaid fee. If you look closely, you would realize that the success of a school via new registration is through referrals, especially from parents. To crown it all if a parent tells a neighbor how his/her wards do not have access to cash in school hence there are never cases of theft in his or her child's school, the neighbor would also want to enroll their kids in that school.

No parent ever wants to hear they raised a thief so if your school can graduate financially responsible students, it would be a big avenue for new registrations. Sometimes the game changer is interwoven in the smallest things. This may appear too little but you would never have a concrete conclusion if you don't try this out.

In a world where morals and values are dropping heavily by the day, your school with the help of the Prodigy School Suite solution would stand out as one whose moral values are highly intact, and most parents pride themselves in raising morally balanced children. Whether your school already has a solution it is using or not, you can take advantage of the Prodigy Mart package to make financial transactions easier and increase new registration next session.

For more information contact Prodigy School Suite