What will you achieve in 2017?

reynolds-princessWorldwide uncertainty for the future, deaths, births, tragedies and joys abound in the news for 2016.

What does the future hold for you? Will you spend some time looking back or will you strive to look forward with hope?

We recently concluded a five-week series of classes with over 40 high school students remanded to in-school suspension. Each week we featured a different topic to open their eyes to the need for change in their lives. In order to see what their desires and hopes were for the future, we asked them to define their idea of success. A simple worksheet contained a list of 24 items they could choose from. Although we asked them to pick their top three, many teens asked if they could check more.

Having goals, making money, enjoying life, being educated and happiness were their top five goals. One young man summed up his definition of success as “when you are happy with how you are living“. Many of the teens also recognized the need to set goals. What does success mean to you?

Define your success

Every year we make resolutions and most of the time we don’t keep them. Some set a big overreaching goal with no steps along the way.  A few set goals because of what others think they should do, “you should make more money, get more schooling or change jobs”. And many make resolutions that don’t tie into their values or the success they want to achieve.

While there is no magic pill for success, there is a practical model you can follow. We use   S. M. A. R. T. goals. Research indicates that a goal written down is more likely to be obtained. We are also creatures of habit, setting a plan and sticking to it includes making it easy for yourself to accomplish.

Think of saving money as a goal and let’s make it S. M. A. R. T.smart-goals

  • I want to save $100/month over the next six months to apply for a secured credit card to rebuild my credit.
  • I will have $50 taken out of my paycheck on a bi-weekly basis and deposited into my savings account.
  • When I reach my target goal of $600 I will apply for the secured credit card at my local credit union.
  • I will charge one tank of gas each month and pay the balance in full each month.
  • I will also review my credit report for free at Annual Credit Report
  • I will use the tools at Power Pay to  develop a personalized, self-directed debt elimination plan. Powerpay

 

CFSFC offers life advice and encouragement “to empower all individuals to achieve financial wellness through all stages of life”. Sign up for an Individual Financial Wellness Check-up

What will you seek to achieve in 2017? Know you can accomplish anything if it fits with your values and goals!

“Success is not a destination, but the road that you’re on. Being successful means that you’re working hard and walking your walk every day. You can only live your dream by working hard towards it. That’s living your dream”.Marlon Wayans

Tell us your goals for 2017.

 

 

 

 

Youth-Our Future Promise

The future promise of any nation can be directly measured by the present prospects of its youth.

President John F. Kennedy acknowledged that the present prospects of our youth will affect the future.  How are we doing in this area? Youth unemployment is very high for those 16-24 without advanced education.  Millions of youth are unable to find full-time opportunities that match their skills, or use their formal job training or education. All of this comes at great cost to the future with college graduates holding a diploma and an enormous financial burden of credit card and student loan debt.

One key to building a strong future for youth is increasing their financial capabilities. The economic system of the world today requires youth to be taught how to handle money at home and in school. Organizations like the Center for Smart Financial Choices, Junior Achievement, NC Jump$tart, banks and credit unions work to help youth through financial literacy initiatives.

One of our scholarship participants Miah shared what she wants for her future, “College is a time to learn, discover, find myself and create new paths. One thing I will work to not discover, find or create is unnecessary debt because I want total control in my choices, life and future.”

 Help Miah and other youth like her succeed by contributing to our #GivingTuesday campaign.

 GIVE NOW!

CFSFC helps start youth on the path to financial competency by introducing and expanding on the basic concepts of: Earn, Spend, Save/Invest, Borrow and Protect. Our workshops offer this education beginning at age ten and continue through college. We help prepare high school seniors for the cost of going to college through our Financial Education Scholarship Program.

Fifth Graders explore budgeting

Fifth Graders explore budgeting

To “cultivate our youth for a future of financial wellness” requires all of us to strive to share positive personal finance knowledge before they move to full adulthood. This is a crucial life skill that will ensure a comfortable financial future for all youth.