Money Sense:

Money Sense first cohort of students ages 16-19 interested in improving their money management skills is .

Money Sense equips students with tools to make smart, informed money choices. Lessons are led by business community volunteers whose stories and expertise bring financial concepts to life.

Participating students gain an understanding of the following:

• What is taken out of your paycheck?
• Benefits of tracking expenses and budgeting
• How to prepare and use a budget
• Ways to save money
• Compound interest and the benefits of saving money early
• Types of saving and investment vehicles
• How to open and manage a checking account (you complete this process as part of the program)
• Reasons to avoid check cashing stores
• Online banking and bill pay
• Identity theft
• Credit
• How does a credit card work and what are the costs?
• Using credit responsibly
• Credit score and reports and how it is used
• How your credit score impacts your ability to buy a car or home
• How to start building good credit history