In JA The News
New JA Program Teaches Students to Earn, Save, Spend & Donate
When did you first answer “What do you want to be when you grow up?” Who were your role models?
The reality Surveys of Kids Ages 7-10 and Their Parents Demonstrate the Need for Personal Financial Education Early and Often
Junior Achievement of South Texas is launched the newly designed elementary school program, JA Our City featuring Cha-ChingTM, made possible by the generosity of Jackson Charitable Foundation.
The upgraded program incorporates the Foundation’s signature program, Cha-ChingTM Money Smart Kids, which is a series of three-minute music videos about making real-world money decisions. JA and the Foundation’s partnership integrated Cha-Ching videos and lessons into the JA Our City entrepreneurship, financial literacy and work-preparedness program, which is taught in classrooms to approximately 450,000 third-grade students across the country annually. To inspire financial learning beyond the classroom, the program includes take-home activities for kids and their parents.
A survey conducted by Wakefield Research for Junior Achievement and the Jackson Charitable Foundation revealed that when it comes to money, kids as old as 10 admit they still have a lot to learn.
According to the JA-Jackson Children’s Financial Literacy Survey which included 500 children seven to 10 years of age and their parents, 33 percent of the young respondents haven’t been taught how to earn money, 41 percent haven’t been taught how to spend money, and 47 percent have not learned how to give money to help people. When asked why they think people put money in a bank, only 53 percent selected the answer of saving it so they won’t spend it. Only 25 percent know you can earn interest on savings.
“The message to parents is simple,” said Felicia Breaux, Junior Achievement of South Texas “It’s never too early to teach your children the short and long-term rewards of saving and spending money wisely.”
The results also demonstrate kids’ awareness about and interest in money, even at a young age. When asked how people earn money, 91 percent of kids responded that people get money from working at a job. Fifty-five percent of kids say they are excited when adults talk about money. Most are knowledgeable about the basics of money, including how to count and save money – likely, in part, due to 82 percent of kids earning an allowance for doing chores, earning good grades, completing homework and simply being kind to others.
“When it comes to kids and their financial futures, we must begin by encouraging more conversations about the choices we all have around money,” said Jackson Charitable Foundation Executive Director Danielle Robinson. “Adults have the ability to pass along advice and guidance to young people about how to earn, save, spend and donate money — this advice can be life-changing. Jackson Charitable Foundation is thrilled to partner with Junior Achievement to spark more of those important conversations at home and in the classroom.”
According to the survey, parents are open to discussion. The majority (77 percent) believe that money is the easiest to explain to their child, compared to other topics kids inquire about such as where babies come from, death and even politics. The same percentage (77 percent) of parents feel the best place for children to learn the basics of personal finance is at home, at the average age of eight years old and as young as five. And, 92 percent of parents are themselves saving money – for emergencies, college tuition and retirement, followed by vacations and cars and other large purchases.
JA is Going Over the Edge!
Ready to explore your adventurous side? Want to make a dent in your bucket list? Join Junior Achievement and Over the Edge on December 14 as we rappel fifteen stories down the Marriott Rivercenter Hotel and empower students to realize their dreams. JA is partnering with Geekdom, Turner Logic, Marriott Rivercenter Hotel, and C.H. Guenther to provide the tools students need to manage their personal finances, prepare for future careers and entrepreneurship. Find out how you can participate in this event and challenge friends and co-workers to take their support to new heights as well. Groups, individuals, and organizations that would like to rappel (we call them "Edgers") will be given a toolkit to assist in raising funds to secure their rappel time and empower the future of area students. This is a once in a lifetime opportunity, as "Edgers" can enjoy adventure while impacting the lives of our youth.
Act today! Spots are limited, so do not miss out! Visit overtheedge.jast.org to register. You, or your team, will be guided through the registration process that allows you to build your personal donation page that can be socialized or sent electronically. You will receive a toolkit via email to help you or your team raise $1,000 (all donations are tax deductible). An assigned spot will then be given, but no preparation is needed for the rappel. All you need is a friend with a camera and a spirit of adventure. Edgers do not need to have any special skills or training prior to their rappelling experience. Highly trained industrial rope specialists (SPRAT or IRATA certified) will walk each rappeller through the technical aspect and prepare them for their unique experience!
Early registration ends October 30. All Edgers that sign up a friend by October 30 will also receive a gift certificate for a downtown dining experience. For additional information, or to have JA speak to your organization about this opportunity, contact Jennifer Lincoln at 210.490.2007 ext 113.
Best Buy Blue Shirts in Action
Best Buy Laredo North partnered with Junior Achievement of Laredo in efforts to empower students to own their economic success through the JA Our Families program. Students learned about similarities and differences in families, needs and wants, jobs in our community, goods and services provided by local businesses, and different entrepreneurial characteristics.
"This is the first time I volunteer with JA and I must say it truly is life changing to see the students' eyes light up as their curious minds learn about business, jobs, and entrepreneurship. It is thrilling to see my peers and coworkers help the youth of our community. This experience is something I will never forget. I am looking forward to my next visit in the classroom" Stephanie Smith, Best Buy Sales Lead.
In addition, Best Buy employees felt volunteering with JA helped develop their leadership skills and helped them step out of their comfort zone. JA of Laredo truly values its business volunteers and their time spent inspiring our youth through JA programs.
JA Programs Spring in Zapata
Spring is finally here and Junior Achievement of Laredo is very excited to share its volunteers have been hard at work planting seeds of inspiration in the Zapata community!
On March 8th, 2016, JA of Laredo hosted several JA in a Day events in Zapata County ISD elementary schools. Texas A&M International University organizations, Delta Xi Nu, Kappa Delta Chi, and S.O.A. (Student Officials Association), traveled to Zapata to deliver a message of hope and inspiration to students in Zapata North Elementary and Zapata South Elementary through JA programs.
Ana Resendez, S.O.A. Public Relations Officer and JA Volunteer Coordinator said, "We enjoyed teaching kinder and first grade classes, the difference between needs and wants, and saving. We are excited to keep volunteering with Junior Achievement".
Partnerships in Zapata have blossomed beautifully, so much that, Zapata High School National Honor Society members have joined our team of volunteers this year! These busy bees spent time learning our curricula and preparing for their unique delivery of JA programs. On March 8th, 2016 Zapata High School National Honor Society members visited Fidel and Andrea Villarreal Elementary School to inspire students in grades k-5th to own their economic futures.
Together, our selfless volunteers impacted over 850 students! On behalf of Junior Achievement Board of Directors and staff, we want to thank our funders, school administrators, and volunteers for their dedication in growing strong, blossoming, partnerships in the Zapata community!
JA My WayTM
Junior Achievement of South Texas recently unveiled an online experience that is a one-stop shop for teens and their parents in helping them make decisions that will affect their futures. The new interactive web experience, called JA My Way™, is made possible by a grant from the Citi Foundation and OneMain Financial.
JA My Way™ is an online destination for teens to learn about careers, starting a business and managing money. The experience combines games, rewards, information and social media to help teens explore these topics in a fun and exciting way. The target demographic are teens between the ages of 13-17. The experience is interactive, highly visual, and includes relevant information for teenagers, such as the costs that go along with owning a car, how much money needs to be saved for college, and what is on a W-2 tax form. Explore JA My Way™ today.
Junior Achievement would like to thank the San Antonio Junior Forum for their funding of program kits during the 2015-16 school year. San Antonio Junior Forum’s support empowered 600 students to own their economic success in San Antonio area schools.
Pictured from left to right Andrea Ruhl and Elizabeth Fox from San Antonio Junior Forum and Veronica Avila from Junior Achievement of South Texas.
Board Member Spotlight
We are pleased to report that Randy Cain, Vice Chair and Southwest Region Managing Partner, Ernst & Young (EY), has accepted the invitation to join the Junior Achievement USA Board of Directors. In his role with EY, he is responsible for the firm's practice across nine states with more than 4,000 people in 14 offices. Mr. Cain is a member of the firm's Americas and US Executive Boards.
Randy has held a variety of leadership positions throughout the course of his 30+ years with EY. A graduate of Texas A&M University, Randy remains very active in the Aggie community. Randy is a 20+year member and past Chair of Junior Achievement of South Texas.
Preparing Young Adults for Financial Success in the Working World
by Bank of America and Junior Achievement
While many students are preparing for back to school, there are also recently graduated students, 2 million in fact, that are now learning how to navigate life after college: socially, professionally and financially. An estimated 69% of new Texas graduates will start out with the looming hardship of paying off student debt as they launch their post-college lives.* So while they may have immersed themselves in computer engineering, business and political science, few have earned high marks on what is likely their most immediate and toughest test: their financial burdens.
With millions of young adults starting their professional lives and those living paycheck to paycheck, we are reminded that we must arm people with resources and knowledge to set them up for financial success. It’s critical that the public, private and nonprofit sectors join forces in helping better manage student debt and find solutions to financially empower and strengthen the next generation. But, how do we help new professionals be more financially knowledgeable? Research has shown that arming children throughout their K-12 years with personal finance knowledge helps them emerge as more independent, responsible adults who are better prepared to make wiser financial decisions and have a better economic well-being – particularly as they enter the workforce.
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