“Money Matters: Make It Count” helps teens gain useful knowledge and skills on various aspects of financial literacy, including managing a checking account, budgeting, saving, investing, entrepreneurship and paying for college. This is an initiative of Boys & Girls Clubs of America, developed in collaboration with the Charles Schwab Foundation.
“We are very fortunate and grateful to have the support of State Farm with this program. With their assistance, we intend to grow the program to not only benefit our teens, but also have them assist others in our community. This type of program is especially important now, given the financial crisis in our country,” states Alex Rodriguez-Roig, Executive Director of Boys & Girls Clubs of Miami-Dade.
The organization intends to share the lessons learned from the “Money Matters” program by creating a service learning project where fellow Club members, parents and anyone residing in the local community may attend a workshop in January 2012. Teen Club members will be asked to set up activity stations that expose participants to different real-life choices at each station. Provided with a simulated income, each participant must make decisions about mortgage and rental payments, credit cards, clothing and entertainment expenses, and even issues such as lottery ticket purchases. At the end of the workshop, Club members see how their money was spent and if the decisions they made resulted in money left over for expenses such as house emergencies, car repairs and college savings.
“State Farm is a strong supporter of financial literacy service learning projects in our communities. As a leader in the community, we have a responsibility to help prepare the workforce of the future. Through this grant, we are empowering teens to learn and apply real world money management skills that will help them make a difference in their community,” says Jose Soto, State Farm Public Affairs Specialist.
For more information, please contact Boys & Girls Clubs of Miami-Dade at 305-446-9910 or visit www.bgcmia.org.
About the Boys & Girls Clubs of Miami-Dade
Boys & Girls Clubs of Miami-Dade has been serving youth in our community since 1940. What once was a single building and site for boys has grown to five Clubs serving 10,000 boys and girls year round, providing programs in the areas of character and leadership development, educational enhancement, career preparation, health and life skills, cultural arts and sports, fitness and recreation. Club staffing, initiatives, and programs are designed to inspire and enable young people and provide them with the resources to succeed and share in the American Dream. For more information, please visit http://www.bgcmia.org.
About State Farm®
State Farm insures more cars and homes than any other insurer in the U.S., is the leading insurer of watercraft and is also a leading insurer in Canada. Our 17,800 agents and more than 65,000 employees serve 81 million policies and accounts - more than 78 million auto, fire, life and health policies in the United States and Canada, and nearly 2 million bank accounts. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 37 on the Fortune 500 list of largest companies. For more information, please visit statefarm.com®