This summer, the BBA Summer Jobs students and the Nelson Fellows of the U.S. Federal District Court took yet another field trip to visit Chief Judge Bailey and Judge Feeney’s courtrooms at the Boston Bankruptcy Court. The trip to Bankruptcy Court was the final portion of the M. Ellen Carpenter Financial Literacy Program, which was folded in to the students’ weekly enrichment seminars. Through the Financial Literacy program, students were primed on how to budget, use credit wisely, and finance a car, and this final session gave them a glimpse of what happens if they make poor financial decisions from inside the courtroom.
This fieldtrip marked the end of the BBA Summer Jobs weekly enrichment seminar series, which included a mock City Council meeting in Boston City Council chambers, a “speed dating” session where they heard from lawyers of three different backgrounds, a trip to the John Adams Courthouse, and much more.
Take a look below for more images from the fieldtrips:
The Nelson Fellows participated in the Consequences session with Chief Judge Frank Bailey.
The BBA Summer Jobs students visited Judge Joan Feeney’s courtroom at the U.S. Bankruptcy Court for the final session of the M. Ellen Carpenter Financial Literacy Program.
Our loyal Beyond the Billable readers are well aware of the plethora of long-term benefits of offering Boston public high school students professional experience. The short-term benefit (and a major plus for the students) is, of course, the opportunity to earn a paycheck. Now that the students have already earned their first summer paycheck, they are beginning to make decisions about how to spend it. Should they buy new clothes, see a movie, or save for their first semester of college? The BBA Summer Jobs Program enrichment seminars are offering the students guidance on educated decisions about their money via the M. Ellen Carpenter Financial Literacy Program. So far, the students have learned how to create a budget, the importance of paying yourself first, how interest on credit cards work, and the difference between a debit and credit card. Over the next few weeks, the students will continue to acquire tools through additional sessions on buying a car and learning about the consequences of making poor financial decision at Bankruptcy Court.
Beyond the Billable checked in with two BBF-funded students working at the Volunteer Lawyers Project this summer to hear what they’ve learned so far. Here’s what they had to say:
“I thought the sessions were pretty good because I already have a debit card. I tell myself all of the time now that I shouldn’t go over a certain amount on my debit card because I want to save money. If I know I have enough money in my account, I’ll save my paycheck for something like school. [The volunteers] really taught me to budget.”
Liraniz Colon, a rising senior at John D. O’Bryant School of Math & Science
“In [the Using Credit and Credit Cards] seminar, I learned that you have to be really careful with your credit and how you spend your money and what company you choose. You have to choose wisely and you have to make good decisions about what you spend. You have to ask yourself do I need this or not; can I wait or can I not. You have to be very responsible.”
Mackaila Garcia, a rising senior at Charlestown High School
Last week, Beyond the Billable shared highlights from two legal offices’ experiences “adopting a classroom” through M. Ellen Carpenter Financial Literacy Program. While Sun Life Financial and Liberty Mutual participated in the model in the past, two new legal offices also stepped up to the plate to provide volunteers for the three classroom-based sessions at two Boston public high schools. The U.S. Security and Exchange Commission adopted a classroom at Snowden International High School and Choate Hall & Stewart adopted a classroom at Edward M. Kennedy Academy for Health Careers.
Beyond the Billable checked in with attorneys from Choate Hall & Stewart to hear more about their experience. Here’s what they had to say:
Why did Choate Hall & Stewart choose to participate in the M. Ellen Carpenter Financial Literacy Program?
“Attorneys at Choate are long-time participants in and supporters of the Financial Literacy Program. When the opportunity arose for the Firm to adopt a classroom this year, we jumped at the chance to expand our work with the Program. Choate is pleased to serve the youth in our community by teaching them practical lessons in effective personal financial management.” – Meg McKenzie Feist, Choate Hall & Stewart LLP
What was the highlight of the Program for your volunteers?
“As a volunteer, I was very impressed with the knowledge the students already possessed, as well as their eagerness to learn more about budgeting, saving, and credit. My group of students was engaged throughout the presentation and asked me pointed questions. It was a joy to work with the students and I look forward to engaging with a new group next year.” – Tyler Masse, Choate Hall & Stewart LLP
Last Friday, a group of students from New Mission High School in Hyde Park took a field trip to Boston Bankruptcy Court to meet “Sally Spender” and learn what happened to “Sally” when she failed to budget appropriately and accumulated high amounts of credit card debt. This lesson, Consequences, was fourth and final module of the M. Ellen Carpenter Financial Literacy Program. The experience wasn’t all about Sally’s mistakes, though. Students got a first-hand look inside a courtroom and had the opportunity to ask lawyers, Judges and court staff questions about what Bankruptcy Court is like.
The Program wraps up in Greater Boston area next Friday after two additional Consequences sessions once students from Woburn High School, Greater New Bedford Technical School, Snowden International High School, Peabody High School, and John D. O’Bryant School of Math & Science make the trip to Post Office Square. Take a look below from highlights of the fieldtrip:
While students are still traveling the Boston and Worcester Bankruptcy Courts, the classroom based sessions of the M. Ellen Carpenter Financial Literacy Program have wrapped up in the Greater Boston area. This year, four legal offices stepped up and “adopted a classroom” to help meet the growing demand for the program in fifteen schools. In this model, legal offices commit to providing 3-6 volunteers to cover each of the three classroom based sessions. In return, the legal offices were able to provide their employees with an opportunity to give back while partnering with a fellow colleague.
Beyond the Billable reached out to the legal departments of Sun Life Financial and Liberty Mutual, both of whom participated in the “adopt a classroom” model last year as well, to hear more about the experience. Sun Life Financial adopted a classroom at Joseph P. Keefe Technical School in Framingham and Liberty Mutual adopted four classrooms at Boston Community Leadership Academy in Hyde Park.
Here’s what they had to say:
Why did your legal office choose to participate in the M. Ellen Carpenter Financial Literacy Program?
“As in house counsel and compliance professionals in the financial services industry, supporting a financial literacy program has been a great way for us to give back to the community and utilize our skills. We selected the M. Ellen Carpenter Financial Program for a few reasons. First, volunteers don’t have to be attorneys and this allows us to make the opportunity available to more people in our department. We also like being able to sponsor the same school every year. We have found that consistency of the same teacher, class format and class size every year enhances the success of the program. Volunteers know what to expect and can build off of best practices from prior years to improve upon our delivery of the program for a technical high school. Lastly, the volunteer materials provided by the BBA are very comprehensive, which helps cut down on preparation time, and are designed such that the volunteers can be flexible about deciding how to select content of an organization for a particular session.” – Michelle Greco, AVP & Senior Counsel, Sun Life Financial
“The M. Ellen Carpenter Financial Literacy Program provides a unique opportunity for both the students and the Liberty Mutual Insurance volunteers. Students have the opportunity to learn about finance-related topics from volunteers who have significant real-world knowledge, which we think enables the students to continue to build practical skills as they enter young adulthood. The volunteers enjoy interacting with the high school students and having the chance to make a difference in their lives. In addition, the program gives some of our volunteers with backgrounds in finance a chance to make an impact and help students avoid financial pitfalls in advance, rather than merely helping after the fact.”— Andrew Fagenholz, Corporate Counsel, Liberty Mutual
What was the highlight of the program for your volunteers?
“Spending any amount of time in a high school is like taking a step back in time. As you think about the decisions that are on the horizon for the young adults who will soon be graduating, you realize that while you may have come to talk about the specifics of buying a car, what you are really there for is to impress upon the students the important differences between what they want, and what they really need and can afford. That theme runs through the various modules, and hopefully our discussion about the realities of owning a car helped the students understand the kind of tough financial decisions they will have to make when they are on their own. The students were interested and active, which made the session a lot of fun, and I hope I can participate in this program again in the future.” — Scott Davis, SVP & General Counsel, Sun Life Financial
“Without a doubt, the primary highlight for our volunteers was the chance to provide guidance to young adults through a live, interactive classroom session with a dynamic group of students. Most of our volunteers do not regularly teach high school classes, and they reported that the experience was energizing and exciting. They enjoyed the hands-on exposure and fielding questions from their classrooms both on the finance topic of the day and other matters the students might raise.”— Andrew Fagenholz, Corporate Counsel, Liberty Mutual
Our volunteers were so excited to share their experiences that we had to turn this into a two part statement! Stay tuned for part two when we hear from Choate Hall & Stewart and the U.S. Security and Exchange Commission volunteers about their experiences.
Volunteers are wrapping up the classroom-based portion of the M. Ellen Carpenter Financial Literacy Program in the Greater Boston area. On Friday, volunteer Attorneys Steve Cohen and Eric Teasdale from Choate Hall & Stewart LLP visited Edward M. Kennedy Academy for Health Careers to teach students about the hidden costs of buying a car. Take a look below for a glimpse at the third module in the Program:
So what’s next? Students will head to the Worcester or Boston Bankruptcy Court at the end of the month for the final module in the Program called Consequences.
On Friday, students in Jerry Howland’s law class at Another Course to College in Brighton had a crash course in credit cards. With the help of Attorneys Adam Ruttenberg (Looney & Grossman LLP) and Patricia Saint James (Looney & Grossman LLP), the students learned the basics of credit and how to build credit while making smart choices about their finances. This is the second session in the four-part M. Ellen Carpenter Financial Literacy Program (you may remember this post about the personal finance and budgeting session).
Take a look below for more on the session:
Next up for the students is the ever popular “Buying a Car” session, which will be followed by the “Consequences” session at the US Bankruptcy Court. Stay tuned for more!
At last week’s 10th Anniversary Celebration of the M. Ellen Carpenter Financial Literacy Program, guests got to enjoy a unique experience, seeing the effects of the Program in front of their eyes. Ben Haideri, one of the 4,000 students who have participated in M. Ellen Carpenter Financial Literacy Program since the program began, agreed shared his experience in the Program with party attendees. You may remember Ben (who is a senior at Boston Latin Academy and 2013 Summer Jobs student) from this article or this article—he’s a bit of a legend at the BBA. He took part in the Program during the 2013 Summer Jobs Program, when it was offered as a series of enrichment seminars.
Take a firsthand look at what he had to say:
Beyond the Billable also sat down with him to gain a deeper understanding of what he took away from the Program. Here’s what he had to say:
How have you applied what you learned from the program?
“There are very few programs from which the participants are able to literally walk right out and apply what they learned that very day. The financial literacy program through the BBA, however, stands out as being extremely effective in that regard. Between the day that I participated in the first seminar and now, I have opened a checking and savings account and, more recently, got my first credit card. I don’t believe that I would have been so confident yet careful with such tools that I had at my disposal had it not been for the program.”
What did you like best about the program?
“This program very much epitomizes the learning experience of a student in that it offers the perfect balance between reality and practice. The guest workshop leaders were all professionals who had experience in whatever field they were teaching about, and the financial literacy workbook was just that, a workbook. It combined practice problems that we will most likely face in real life with explanations that are thorough and extensive, attributes that are perfect for those who are learning about financial literacy.”
What do you think was the most important thing you learned?
“The one lesson that stood out the most to me was the one about using credit cards. It may be because I have grown up during a time of general distrust when it comes to dealing with large banks, but I went into the lesson thinking (probably like most people) that credit cards always came with a catch, and in terms of society, seem to have a very negative connotation. Although the credit card companies can be tricky, what I got out of the lesson was just simply to not bite off more than you can chew when dealing with credit cards. The second someone does that he/she is already headed down a slippery slope. The fact is that very few people are able to use cash to buy a car, a house, or even a couch, so, when used responsibly, a credit card, I learned, is a tool that can do a lot of good.“
Is there anything you found particularly useful?
“I very much enjoyed visiting the Bankruptcy Court through the program. While visiting the court, we heard from lawyers and a judge, and it was an amazing experience to be in the presence of people who I look up to. Apart from the experience itself, I would say that since my goal is to become a lawyer, being able to see such people in action is something that I will always find useful.”
Last night, program leaders, volunteers, and teachers gathered in the Claflin Center to celebrate the 10th anniversary of the M. Ellen Carpenter Financial Literacy Program. The evening focused on celebrating the success of the Program, which has reached more than 4,000 students statewide with the help of over 425 volunteers since 2005. Attendees also gained a firsthand account of the impact of the program from 2013 Summer Jobs Student Ben Haideri, who has put his financial literacy into practice, opening a savings, checking and credit account since experiencing the Program.
Did you miss the event? Don’t worry, here’s a look at the evening:
Stay tuned for more on the event.
This winter is flying by and we are already halfway through the M. Ellen Carpenter Financial Literacy Program in the Greater Boston area. BBA Week thought it would be a great idea to reach out to the volunteers who have already participated in the program to see what they enjoyed most about their experience. The response was overwhelming, which is why we couldn’t help sharing it with our readers. If you haven’t volunteered yet, see what you are missing out on here.
Are you interested in getting involved? It’s not too late to volunteer! Click here to view available sessions.