For many, the term “Participatory Budgeting” likely conveys boring or dreary images of town halls, committee meetings and bureaucracy. 

So would you believe me if I told you my guest for today uses Participatory Budgeting to actually increase engagement with students on issues of financial literacy and civic engagement around the world?

Silicon Valley insider Luke Hohmann is the founder of FirstRoot, which is an exciting approach to involve students in the improvement of their schools, while increasing financial literacy skills.

In this very accountable conversation we talk about:

👨‍👩‍👧‍👧 Why participatory budgeting is not just a great way to teach financial skills, but why it’s such a valuable tool for empowerment, accountability and improvement of schools, institutions or even family projects at home!

🏦 Luke’s background in Silicon Valley working on enterprise IT, and why his lessthan-positive experience with educational software led to the development of FirstRoot

🤹 How to ensure that a participatory budgeting process involving students succeeds, both in terms of skill acquisition but also in helping them see how the process leads to visible results

⛔ We also touch on technical issues around process, security and privacy considerations, and we discuss the question: How much money is it okay to put in students’ hands? (spoiler: The number might be higher than you think)