#GivingFinancialEducation

Ways to Support the Center for Smart Financial Choices

Become a Champion

Receive a FREE FINANCIAL WELLNESS checkup when you join! Your Membership makes it possible for us to deliver financial education to people of all ages.

To support CFSFC pay a membership fee of: $15 for students and senior citizens, $20 for individuals or $30 for the entire family.

Join Today

Donate

CFSFC provides its programs free to all youth in their schools.

  • Donations from $25-$100 provides healthy snacks & instructional materials
    • Help fund Financial Education Scholarships for first time college students
    • Participate in your company’s matching gift program doubles your gift to the Center
    • Enhance CFSFC’s capabilities to help more youth by donating monthly for as little as $10/month

Fund a Workshop

Volunteer

When we help others by volunteering our time and we see their appreciative response we feel better about ourselves.  We have a variety of volunteer opportunities available with varying time commitments.

Volunteer

Demand for Financial Education Increases

The demand for CFSFC financial education programs has been growing since we began working with youth in the Piedmont.

We have reached capacity and need additional resources (Volunteers & Funds) to continue financially educating youth in their schools at no cost.

 Number of Youths helped: 2013: 1,045; 2014: 1,121 2015: 2,713 2016: 3,482 2017: 3,400

financial education, financial literacy, budgeting, money, utilities, spend, future, college, youth, Ben Smith High School, Guilford County School District

Students from Ben Smith High School during Adult for A Day. (GCSD)

Youth workshops are designed to raise awareness of money, offer financial knowledge, recognize diverse attitudes around money, improve savings and budgeting skills and offer youth motivations to succeed in their future lives.

Financial education, financial literacy, money, Parkland Magnet School, Winston Salem Forsyth county Schools, planning

Their money habit is Planning. Parkland Magnet School (WSFCS)

Quality Programs make Learning Enjoyable

Workshops include our signature, Adult for A Day, Money Habitudes®, Good Credit Game®, FETCH®, and Going to College-Counting the Cost

 

 

Youth want to Save Money

financial education, banking, money, youth, financial literacy, spending, saving

 

Youth Learn the Basics of How Credit Works

credit, financial education, credit scores, financial literacy, youth

Adult for A Day and the Good Credit Game® help youth increase their understanding of the areas of life affected by credit and how saving money and paying bills on time are the most important things they can do to have a prosperous future.

Promoting Financial Education for all Youth

With an increasingly complex world, all youth from an early age need to understand how to save money, how to get money through education beyond high school and how to spend it wisely. These are the keys to “cultivating youth for a future of financial wellness.”

saving money, youth, financial education, Kernersville Elementary, Winston Salem Forsyth county schools, financial literacy, children, youth

Summer program through Winston Lakes YWCA-Kernersville Elementary

Contact CFSFC today to find out how you can support our youth! 

Donate Now

Making Learning Fun

Financial education-youth-high school

               NC Leadership Academy

When the Center for Smart Financial Choices (CFSFC) presents workshops, we avoid telling youth we teach financial education or literacy, words that may make eyes glaze or elicit a negative reaction. Its’ not that we don’t want them to know or understand what we do, however, we have made a conscious choice to give them a quality experience while making their learning fun. Instead we tell them, we teach youth about money; how to get it, how to save it and how to spend it wisely. This approach makes them curious about what’s next.

This summer CFSFC had a different audience for our financial education workshops, children ages 5-10 years old. This required a different approach, especially when you are talking about education beyond high school, paychecks and things you need to pay for to set up a household. We needed to simplify but not to the point of boredom. Our goal was to share knowledge in a fun way.

                          Cook Elementary YMCA Winston Lakes Summer Program

Younger children love to share, so we began the “Adult for a Day” workshop with questions that required them to raise their hand, such as “who likes money; do you want to have fun; and who wants to be an adult today.” When asked, “do you want to have fun?” everyone raised their hand. However, when asked, “who likes to learn?” there were fewer hands. We had to keep to our promise to make the learning fun.

youth, life happens, financial education

Teamwork at Life Events

Each child was paired with someone older, even if only a year, to make a team of two. All members of the team had a role, the older was the bookkeeper and was responsible to keep track and write down how much money they spent, and the younger was the banker that paid for their choices. After a few hiccups, with some of the children telling the adults to keep the change from their $500 bill and confusion about how much to pay, the game got rolling. One young lady of about nine was paired with a little guy of five, she was a good team leader who asked his opinion on choices and let him make decisions. Volunteers are crucial in responding positively to the children’s questions and helping them make choices in setting up their household.

“Adult for a Day” requires each team to spend their monthly net  salary from a preassigned career in order to set up their first household. This requires teams to move around the room and visit different budget stations to make choices for their housing, utilities, transportation and recreation. Most of the teams decided they would live at home (lowest cost) although eating out was big on their spending list.

budget, housing, youth, financial education

One team came to the Grocery station and admitted that they had no money left for food.  They had spent money on a new car and put the maximum in savings despite having a very low income as a Security Guard.  We encouraged them to save only for emergencies and to purchase a used car instead. They were relieved to have money for food and $30 left over for spending at the end of the month. When offering advice to another team, I recommended they take the cheap choices. A minute later the kindergarten team member came up and asked, “what does cheap mean?” After a simple explanation, he continued the game. No one ran out of money and for the most part the children were very frugal.

youth, spend money, financial education

        Drama at having to spend money

One of the stations is “Life Events” and we use a familiar cartoon character, Charlie Brown, to emphasize what kind of things can happen to kids, from losing a ball game, to not doing well in school or having friends who like to play tricks on them. They are given a choice of cards and need to select one card that might earn or cost them money ($100-200). We selected scenarios children would be familiar with such as not doing homework (-$100); doing their chores (+$100): not eating their vegetables (-$100) or telling someone they loved them (+$200 . This introduced them to the concept of consequences for choices and lead to laughter or groans.

saving money; financial education

 Saving Money at Kernersville Elementary

Once teams visited each station, they were encouraged to add up all the money they                              spent to see how much they had left. Volunteers helped with the math and most teams were eager to do the calculating.   A few of the children shared what they learned from the workshop with comments like, “being an adult is hard work”; “you shouldn’t spend too much money”; and one boy told his dad, “buy only the things you really need and don’t buy crap.”

You can see by all the smiles, all 570 of them this summer, we accomplished our goal of making learning fun!

To make learning about financial education fun, you may want to incorporate the following suggestions:

  • Keep it simple- use questions to keep youth engaged
  • Give them a role to play and keep them moving
  • Pair them up with someone younger or someone they don’t know
  • Use volunteers of different ages and backgrounds to assist and model being an adult
  • Offer choices within the game or presentation
  • Present something surprising whether it be a choice, like Life Happens or a consequence
  • Expect the unexpected and have fun!

We encourage you to take part in teaching youth about money by volunteering your time or making a personal donation.

 Volunteer       Donate for Youth

budgets, youth, vacation, financial education

Stop Summer Slide

Summer is here again!

The children have been waiting for the time when they are free from school, finished all their tests and can sleep late. But wait, we as parents and educators don’t want them to sleep their summer away or stay indoors tied to electronics.

We want them to have experiences, get outside and of course keep their brains active. This is especially true for middle school youth ages 11-14 who are not old enough to find a paying job and too old to stay at home with a sitter. Youth can lose precious math and reading skills over the summer.

Studies show that access to books during the summer prevents a drastic loss in reading skill – especially for kids in need.

Three of the most important things you can do to help youth:

  1. Encourage reading all summer long-Libraries are free and plentiful.
  2. Promote creativity and imagination- Kids.gov offers free activities Art & Music
  3. Keep youth moving and eating healthy.
    1. Forsyth County EFNEP helps families improve their diet and lifestyle in fun and healthy ways. Offer free classes, participants taste delicious recipes, improve cooking skills, and increase their knowledge on how to save money on groceries. Learn to Cook & Shop Wisely
    2. PBS Parents has a website full of free ideas to keep children moving. Sports & Fitness

Many youth participate in summer program through the YMCA, city Parks and Recreation and specialty art, dance or sports camps. Check out what is available for your children.

CFSFC is collaborating with several summer programs to help youth keep their reading, writing and math skills alive through fun money workshops. Over 600 youth will participate in one of our workshops this summer. Volunteers are needed to support youth learning valuable skills for the future.

Volunteer Today!

 

Invested in our Youth

The Center for Smart Financial Choices (CFSFC) has been committed to teaching youth about money and how it impacts their future. In 2014 through generous donations we incorporated a Financial Education Scholarship program that has aided over one hundred young adults on the road to a comfortable financial future.

In honor of our scholarship winners, CFSFC hosted a celebration on April 18, 2017 at the Enterprise Conference and Banquet Center. We are pleased to have had such an incredible turnout of over 100 children, parents, educators, college students and community partners who are dedicated to investing in our youth. Dr. Gwendolyn Johnson-Green, Director of WSFCSD Office of Alternative Education shared her feelings about the event when she said, “the guests and even our own Mayor and State Senator Paul Lowe were inspired by the real world Financial Literacy activities we participated in. The interaction with persons from all walks of life is always a treat.  We had a true representation of our community, all genders, ethnicities, and nationalities.”

There were so many highlights throughout the evening starting with our wonderful volunteers that showed up ready to teach money concepts at the various life stations we set up throughout the room. Every attendee was given an opportunity to participate in an interactive demonstration of being an “Adult for A Day” by visiting a variety of budget stations hosted by local businesses. A big thank you also goes to our many generous sponsors, like Donna Jones State Farm Insurance, Piedmont Natural Gas, Duke Power and Carolina’s Credit Union League. Continuing our scholarship program would not have been possible without their monetary donations, as well as, their friendly faces working the various stations.

Mayor Allen Joines graciously volunteered to be our scholarship certificate presenter. He arrived early to meet each candidate and learn about each one of them before the presentation. We all enjoyed showing him our budget stations, and our attendees truly enjoyed having the opportunity to meet him in person. Our scholarship winners were so grateful to have had him there to honor them as each happily posed for a ‘Kodak moment” while their parents and loved ones cheered them on!

Each year we meet an incredible number of teens and young adults who are striving to improve their lives by pursuing additional education. Their intelligence, perseverance and volunteerism truly makes us all proud to meet them. This year was no different, except that the four scholarships winners were all young women with a variety of strengths. The two youth scholarship winners, Anali Jacinto from Mount Tabor High School and Maria Valentina Roa from Davie High School boasted impressive GPA’s as well as a strong volunteer spirit. Our two young adult winners Elizabeth Vega-Orozco, current student at North Carolina A & T State University and Marianne Cruzat a student at UNC Chapel Hill’s Kenan-Flagler Business School are both in their final year of college.

Anali Jacinto plans to be the first in her family to attend college, pursuing a career in a math and science field at Randolph College. As a member of JROTC (Junior Reserve Officer Training Corps) for the past three years, she has also had the opportunity to give back to the community through a variety of service projects. Through attending the required financial education classes, she learned that “going to college is a big investment that costs a lot of money and if it is not researched sufficiently and planned for, a person can easily get into a lot of debt.” Congratulations to Anali Jacinto as the recipient of the Mel Hughes Youth Scholarship Award!

Maria Valentina Roa will be the first in her immediate family to attend college in the United States.  She is excited to pursue a career in dentistry. Maria showed great interest and enthusiasm at each financial education class. The selection committee was especially impressed by her academic performance in the multiple honors and advanced placement classes she has taken over the years. Additionally, she has shown great character by her long-term volunteerism at Novant Hospital, her church, various camps, and the Ronald McDonald House.  In response to the classes, Maria says: “I have now talked to my mom about her credit score, looked at and understand the different types of financial aid loans offered to me, and I’ve made sure my major is one that will be a positive investment for my future.” Please join me in congratulating Maria Valentina Roa as one of our $1,000 Youth Scholarship Winners!

Elizabeth Vega-Orozco, winner of the Hispanic/Latino Scholarship Award in the amount of $2,000 is one year away from graduating with a degree in Chemical Engineering. The selection committee was particularly impressed by her grit and perseverance in balancing very difficult coursework while raising a three-year-old son and remaining in the top 10% of her class. She is a member of the Society of Hispanic Professional Engineers, and has also volunteered with the Hispanic League and with the Annual Latinas Educating on Aids Awareness and Prevention Gala. She states that the education she received through the scholarship classes will “allow her to budget effectively in her final year of college to avoid further education debt and help her acquire assets as she becomes more financially stable.” CFSFC has no doubt that its investment in her education will bring wonderful returns on a variety of levels.

Marianne Cruzat, winner of the $2,000 Adult Scholarship, is diligent and committed to graduating from school debt-free. A current business student at UNC Chapel Hill, she was recently one of fifty students admitted to the Kenan-Flagler Business School and plans to spend the next year studying business abroad in Asia and Europe as a GLOBE Program Scholar. Since connecting with CFSFC last year during the scholarship competition, she has been faithful to stay in touch, volunteer when able, and serve as an advocate for financial education. Marianne, “wants to give back to the community and teach other students to be financially literate. She strongly recommends learning more about CFSFC and its incredible programs”. CFSFC is very excited to support her in the final years of her education and know that she will make great waves in the business world someday!  

Lisa Nakawatase, an educator for 15 years, currently at Forsyth Middle College and our guest speaker summed up the evening when she said, “this was one amazing event and I am beyond honored to have been involved!  Thank you all for your dedication and hard work to always make education BETTER!  I am extremely blessed to know and work alongside such passionate and incredible people!”

Fund our Scholarships

Investing in our Youth

Teens today face a multitude of challenges to reach adulthood including academic worries, depression, bullying, drugs and alcohol.  Despite those challenges, we are making headway in “cultivating youth for a future of financial wellness”.


Will I be able to save enough money?

The Center for Smart Financial Choices (CFSFC) shared knowledge on the role of additional education in improving the future prospects of over 3,400 youth in 2016. Each youth began building a framework of financial competency that will enable them to look forward to a stable life. The demand for financial education continues unabated and CFSFC is the only non-profit doing this work with youth.

We offered 163 workshops at 41 different locations in Forsyth, Stokes and Guilford counties. This would not have been possible without the help of 99 volunteers who donated 635 hours.

How will credit affect my future?

 

Volunteer Today!

 

 

 


What Teens Learned in 2016

CFSFC asked over 2,300 high school students to complete an evaluation of their learning while participating in the “Adult for A Day” budget and credit workshop. The average student was 16 years old, 49% were female and 51% were male.

Students were asked about their future plans and if they have spoken to their parents. Most students have talked about their college plans with their parents, although their expectations about how college will be paid for are unconfirmed. 

What changes will teens make in their financial habits?

  • 42% agreed to Track Expenses for One Week 
  •  58% will Change One Habit To Save Money 
  • 42%  Plan to Open A Savings Account   
  • 48% will consider more Classes to Make Good  Financial Choices

 


Financial Education Addresses the Future

Teaching children about money- how to manage it, save it and spend it wisely – is essential to making sure they are prepared for the financial world.
Teens were asked where they got their financial advice from and 86% percent reported they learned from their families. 

George Washington University economics professor Annamaria Lusardi has done pioneering research on financial literacy. Her studies have documented the gaps in financial knowledge among different demographic groups. “What the data on financial literacy shows is that financial knowledge is unequally distributed,” says Lusardi. “Those with the least knowledge are also the most vulnerable groups in economic terms.

Lusardi directs the Global Finance Literacy Excellence Center that focuses on raising the level of financial knowledge through financial-literacy education. “Finance has entered the lives of every family in a much more significant way than in the past. We now have a lot more responsibility for managing our money. Everyone needs to know the ABCs of finance,” notes Lusardi.


Join us in Investing in our Youth

We ask teens what other knowledge they need for a successful future and they told us:

  • Need help opening a savings or checking account
  • Information about different career choices
  • Help in getting a job now
  • Help applying for scholarships and grants
  • Strategies for spending less & saving more money

Here are a few lessons learned as shared by youth:

  • I have started tracking the amount of money I spend, and based on this, I change my bad habits of wasting money on unnecessary things.
  •  I have learned how to keep a proper budget so I have saved a lot more money. I also set up a checking and savings account after learning about them.
  • Well I’m not more willing to just spend money on whatever I want. I have to stop and ask myself do I really need this / want this and then I chose if I purchase the item or not. I have saved more and begun working towards saving for college.
  • The Center for Smart Financial Choices made me more aware of my options on how to pay for college and save up to pursue other goals of mine such as studying abroad. I am more aware of the importance of saving my money and look forward to it because I know that I am making an investment in my life!

On April 18, 2017, we will hold the Second Annual Day of Giving Event highlighting the value of investing in the financial education of our youth.

 Register now

 

Can we count on your financial support in helping our youth build better financial futures for themselves?

Donate Today!

2014 Highlights

The goal of the Center for Smart Financial Choices for 2014 was to raise awareness of their programs and services to Forsyth County residents. We would like to share the progress that was made this year and the impact it had on participants.

Youth Programs

The Center delivered thirty-four presentations to over 1,121 youth in local elementary, high school and summer programs in 2014. The most popular program ‘Adult for A  Day (#AFAD)’ helps high school students explore the importance of making smart financial choices in managing a budget while learning how credit scores affect their expenses. Over one hundred Vienna Dozier Elementary fifth grade students participated in the elementary version of AFAD to learn how a budget works.

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Comments from teen students on #AFAD

“The Center for Smart Financial Choices program taught me a lot about the money saving decisions that our parents and other adults have to make every day. It also showed me that a lot of the decisions that have to be made are not easy. I learned that what type of insurance, the cost of utilities, clothes, and your home is very important. I also learned about all the responsibilities that adults have to have to be successful. This program will help me become a better adult and be more aware of my responsibilities” Cameron

Reagan AFAD

Understanding your paycheck

 “I participated in the “Adult for a day” program at my school. It was very beneficial in teaching me the many expenses that come with being an adult. It made me start to think about what I should do to prepare myself, like watching what I spend and how I save. This program was very encouraging and I would recommend it to anyone” –Avery

Comments from elementary students on #AFAD

Vienna14

Focus on Saving

 

“Thank you for helping and teaching me all about how to grow up and become a responsible adult with money.  Also, I loved the presentation and stations I went to. In my family I have some relatives who aren’t really good with money, so I’ll go home and teach them all about what you taught me” – Andrew (5th Grader)

“Thank you for coming to Vienna to teach us how to manage our money. I now know why my parents won’t buy me some stuff I want. I appreciate all that my parents do now I also now realize how hard it is to handle money” –Hallie (5th Grader)

 

Adult Presentations

The Center worked with many non-profits groups this year, including Goodwill, Circles of Winston Salem, Relatives as Professional Parents (RAPP), Sunnyside Ministries, Project 360 and the Enterprise Center. Forty-four workshops were held with over 520 individuals reached.

                                                                                                                                                                           ‘Only Way to Go’

OWG

Certificate of Financial Competency

 

The Center completed a series of workshops titled ‘Only Way to Go’ at the Prosperity Center North, which served over eighty individuals. The program successfully combined work readiness, financial education, empowerment and motivation skills for the participants.

“This course showed me there were lots of places I needed to improve. I thought I had it together until I found out how many spending leaks I had. I found I was wasting money eating out even though I love to cook. At the time I took the ‘Only Way to Go’ program, I was homeless, a situation I had never been in before.  I found a job during the time I was taking the course, as a Certified Nursing Assistant and I am still employed seven months later. I also recently moved into my own new apartment.

I would recommend this course to others because they don’t realize how much it would help them if they would only pay attention and participate.” –Nancy

Volunteers

Vol4

 

The Center depends on its volunteers to assist in delivering its programs. Volunteers logged over 1,500 hours supporting the Center in 2014. Currently, the Center has over forty volunteers and more are needed to work with school children and teens during the day.

 

 

 

Ways to Support the Center for Smart Financial Choices

Join the Center as a member– your membership helps support our programs.  And you receive one free financial consultation when you join! Annual membership fee of: $15 for senior citizens, $20 for individuals or $30 for the entire family. http://www.cfsfc.org/membership/

Donate- The Center provides its programs free to all youth in their schools, at churches and in the community.iVol1

 Your donation of $25=provides snacks for 30 teens; $50=funds incentives; $100= provides educational materials for a class

Or donate $10-$1,000 to fund the Johnston Financial Education 2015 Scholarship. http://www.cfsfc.org/donate/

 Volunteer- When we help others by volunteering our time and we see their appreciative response we feel better about ourselves.  http://www.cfsfc.org/volunteer/