How well adjusted are our children when it comes to money? Statistics show that young people are buying more and accumulating more debt than ever before. Future Cents is a grant funded project that will help youth and their parents learn budgeting, checking, saving, investing and more. The goal of Future Cents is to help youngsters develop good money skills. Too often older teens get a first job or obtain student loans for college and they have little knowledge of managing their money as they become adults.
The website myfuturecents.com provides details on programming and resources to help teens and adults learn more about financial responsibility. The programming begins June 12 with 2 sessions: Credit 101 for teens and Understanding Your Credit Report for Adults. As Future Cents develops we hope to build a program that is attractive to teens and provides them with the skills to become independent and responsible adults. This project will run through December 2011 so you will see more as resources and programs are added.
Community involvement is key for the success of this program. I am pleased to announce that the Black Achievers group at the Hayes-Taylor YMCA will work hard this summer to learn the skills that the Future Cents curriculum offers and go out to mentor younger kids in learning good money habits. This is just one way that the community is coming together to make Future Cents a success for young people.