Transforming School-Based Learning

Behavioral Reinforcement

Behavioral Reinforcement

BlackFem believes that school programs should teach more than just financial literacy; they should build real financial capability. Behavioral reinforcement programs provide students with a supportive environment and tools for learning lifelong behaviors that help build and sustain wealth.

Three behavioral reinforcement systems are established throughout the school year:

•       Kids’ Credit Bureau: Kids’ Credit Bureau makes the link between financial education and wealth-building behaviors. Kids’ Credit Bureau provides a classroom credit score based on factors including student absenteeism, homework completion, and tardiness. These school behaviors build financial capability by rewarding behaviors linked to financial success, such as budgeting and paying bills on time. Students are incentivized to change behavior through a school-managed rewards program for high scorers. Scores are reported regularly to show how behavior changes make an impact on credit.

Kids’ Credit Bureau changes the culture of schools, particularly those that struggle with high chronic absenteeism and engagement. Beyond these direct impacts, the Kids’ Credit Bureau helps participants understand the link between high credit and lifelong wealth building. Schools participating in the Kids’ Credit Bureau have improved homework and attendance rates by up to 37% and 25%. respectively

•       Bank on Us: Through the Bank on Us program, our financial partners set BlackFem students up with fee-free bank accounts. Using these accounts, students not only have the knowledge of how to save, they are given the tools and hands-on capability to build net worth. BlackFem uses these bank accounts to teach students responsible savings behavior and allow them to interact with savings tools.

•       Parent Learning: Through BlackFem’s curriculum, parents are empowered to learn alongside their children. Parent Guides reinforce students’ classroom learning while building family financial skills. These materials inform parents of current student lessons, provide an adult introduction to related financial concepts, and resources for further education; suggested interactive exercises help enhance financial education at home.

Periodic, school-based workshops provide in-person experiences that link student learning to family-oriented curriculum. Parent workshops may be supported or led by our cohort of Certified Financial Planners, providing parents with topical advice and guidance to help them build wealth while their children learn in school.