Inside the Foundation  
 
Kids Need Basic Money Management Skills to be Successful
Thursday, April 03, 2014 8:00 AM

Houston Chronicle Columnist Bill King told readers yesterday that if we are serious about preparing our young people to lead productive lives we need to do more to teach them basic money management skills like how to balance a checkbook, understand a credit report, buy car insurance, and other basic skills they’ll need throughout their life.

“Failing to do so will not only affect their lives but place greater burdens on our social safety net and stunt overall economic growth,” he told readers.

Cornerstone Credit Union Foundation Executive Director Courtney Moran says the Foundation is poised to help credit unions be more successful in their financial education outreach. Throughout the year, the Foundation offers FOCUS “Train-the-Trainer” workshops. The next scheduled workshop is April 30 in Dallas. Designed to arm credit unions, educators, non-profit organizations and community leaders with the skills they need to motivate young people into adopting positive savings and spending habits, the one-day program is being held at the Cornerstone Credit Union League’s headquarters in Farmers Branch.

The FOCUS “Train-the-Trainer” workshop covers BizKid$ and the National Endowment for Financial Education High School Financial Planning Program (NEFE HSFPP). BizKid$ is a financial literacy initiative that includes an award winning TV series, free classroom curriculum, outreach activities, a website and a monthly online newsletter targeting children 9-16 years old.

Revised in 2012, the NEFE HSFPP is a turnkey financial literacy program specifically focused on basic personal finance skills that are relevant to the lives of pre-teens, teens, and young adults. Organized into six module topics (planning, borrowing, earning capability, investing, financial services, and insurance), the program includes six topical Student Guides, an assortment of 45-minute teacher lesson plans, and a growing collection of online resources and learning activities.

Following is a list of other workshops scheduled in 2014:

  • June 6, Oklahoma City, Okla.
  • June 27, Houston, Texas
  • July 11, Arkansas
  • Sept. 19, Austin, Texas
  • Oct. 10, San Antonio, Texas