“It’s not your salary that makes you rich; it’s your spending habits.” - Charles Jaffe
On May 26, we were very thankful to have our very own school president, Ms. Felicia H. Atienza, as our resource speaker for Social Studies. For this quarter, we are focusing on basic economic principles. Her presentation about saving, spending, and making choices hit the mark!
She started by engaging the students to make and design their own piggy bank. The kids loved it!
Then, she discussed the basic economic principles: saving, spending, and investing. Delaying consumption today in order to save for tomorrow is a choice that requires discipline and self control. The kids learned this valuable lesson through The Marshmallow Test. It was a Stanford experiment on delayed gratification in the early 1960s led by psychologist Walter Mischel. Like with this experiment, our resource speaker gave children marshmallows.
They were told to save them so they could grow (invest), for which they would have to wait for a few minutes. Afterwards, she left the room. The struggle was so real! i saw some kids’ faces contorted with concentration while others got satisfaction by smelling and licking the marshmallow.
But at the end, they were rewarded with s’mores. It was a blast! Thank you, Ms. Feli! =)