Are you confident your daughter can make sound financial decisions in the future?
FACTS:
- A 2002 survey by the JumpStart Coalition for Personal Financial Literacy,
a Washington, D.C., partnership of government agencies and not-for-profits,
found that high school seniors know less about money basics than their
counterparts five years ago.
- In student evaluations, Elizabeth Schiever of the National Endowment for Financial Education, a Colorado not-for-profit organization found “that many times [teenagers] did not have a clue as to credit cards, that there was a responsibility to paying them back.”
- 50% of college students carry 4 or more credit cards. According to the Department of Education, the average balance on these is more than $3,000!
NOW THERE IS A PROGRAM THAT ENSURES PARTICIPANTS GAIN A SOUND EDUCATION IN PERSONAL FINANCE……..
THE YOUNG WOMEN’S FINANCIAL NETWORK (we have to come up with a name for the program)
Participants will attend a series of workshops planned with the objective of empowering and educating young women to understand the need for financial independence and to provide then with specific tools to realize their financial potential.
Open to young women from ages 14-18, students will join a three-year long program; they will attend 3-4 one-day workshops per year, including a weeklong summer day camp.
Other than the workshops conducted by various experts in the field, students will learn through specific case studies and many hands-on activities. The curriculum for these workshops will cover:
I. Budgeting: Your Toll to Balance Savings and Spending.
II. Banking – Essential information on the “Benefits” and “Costs” of Banking
III. Credit Card Wisdom – A Comprehensive unit providing students with strategies for managing credit effectively
IV. Financial Trouble – Warning Signs of Financial Difficulties and Solutions
V. Consumer Privacy – Identity Theft and Privacy Issue
VI. Car Loans and Insurance Issues – Legal and Financial Responsibilities of Buying, Maintaining, Insuring and Operating a car
VII. Introduction to Insurance – Realizing the Importance of Various Types of Insurance
VIII. Introduction to Savings and Investments – Learning the Pros and Cons of Savings vs. Investments
IX. Investment Strategies and
X. Starting a Portfolio
In order to join to exciting and unique presentation or for more information about this program, parents and students can call (508) 695 7899 and talk to Attiya Chaudary.
