Students in grades K-12 will have the opportunity to learn basic information about earning money, saving and budgeting with a new, free financial education program developed by Vanguard.

My Classroom Economy will allow children to "rent" or "buy" their desks with money they earn by doing a classroom job or earning bonuses through exceptional performance. The programs uses fun, experiential learning and a simulated microeconomy to teach kindergarteners through twelfth graders how to make wise money decisions.

The program was designed by award-winning educator Rafe Esquith and meets many of the common core state curriculum standards developed by the National Governors Association Center for Best Practices and the Council of Chief State School Officers, according to Vanguard. It also meets several of the personal finance education standards developed by the Jump$tart Coalition for Personal Financial Literacy.

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