With the support of the Kenan-Flagler Business School and the Office of University Development, Carol Wolf is embarking on a journey to start a personal financial information initiative.
The initiative came to mind after Wolf was supposed to teach a personal finance beat course for reporters, but ended up teaching a personal finance course instead. Wolf said that many students believed in her teaching method and nominated her for the Student Undergraduate Teaching and Staff Award, which she won in 2018.
“It's basically an attempt to provide students an education on personal finance," Kelly Patch, a research collaborator in the School of Media and Journalism who took Wolf's course, said.
Patch said he noticed in his personal experience that students will leave the University with an amazing education, but do not have the knowledge to know what to do with their salary once they get a job. He said he is grateful that the initiative will show students how to manage their money for their lives after college.
“I don't want them to have a car loan, I don't want them to have credit card debt," Wolf said. "They can have a mortgage. I know that sounds like a silly goal, but I really think debt is what destroys most households’ personal finances."