Junior Achievement Creates Free Money-Management Teaching Tools for Parents

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New, downloadable lessons designed to help families talk about finances.

Parents may be hesitant to speak to their kids about money because they are unsure about how to introduce the topic, or are uncomfortable talking about their own financial missteps

Junior Achievement USA announced today that it has created a new series of free, downloadable teaching tools to help parents talk to their children about smart money management. The lessons, called Junior Achievement $ave, USA, are posted at http://www.ja.org, and cover such topics as budgeting, the importance of saving, understanding the cost of credit and how to use it, and planning how to pay for college. The lessons are sponsored by The Allstate Foundation and all crucial for children's financial literacy education.

According to the 2009 "Teens and Personal Finance" survey by Junior Achievement and The Allstate Foundation, the majority of teens surveyed (56 percent) feel that their parents are the best source of useful information about financial matters. These new parent teaching tools are intended to foster dialogue about sound personal finance practices, with a goal of having families put these practices into action to further their children's financial education.

"Parents may be hesitant to speak to their kids about money because they are unsure about how to introduce the topic, or are uncomfortable talking about their own financial missteps" said Patricia Garza, director of strategic philanthropy at Allstate. "These free lessons can help bridge those gaps and make it easier for families to discuss sound financial practices. The Allstate Foundation is proud to join with Junior Achievement to help families discuss and practice smart money management."

"These new teaching tools respond to the heightened awareness that our future generation needs to understand the basics of personal finance," said Jack E. Kosakowski, president of Junior Achievement USA and a member of the President's Advisory Council on Financial Literacy. "The lessons are intended to get families talking about finances--which can be a difficult subject for parents to broach with their kids--while providing young people with practical money management skills."

Junior Achievement also offers in-class K-12 programs focusing on work readiness, entrepreneurship and financial literacy--these programs are typically delivered by a volunteer from the local business community.

About Junior Achievement® (JA)
Junior Achievement is the world's largest organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, Junior Achievement provides in-school and after-school programs for students which focus on three key content areas: work readiness, entrepreneurship, and financial literacy. Today, 137 individual area operations reach more than four million students in the United States, with an additional five million students served by operations in 123 other countries worldwide. For more information, visit http://www.ja.org.

The Allstate Foundation                                                                                                
Established in 1952, The Allstate Foundation is an independent, charitable organization made possible by subsidiaries of The Allstate Corporation. The Allstate Foundation strives to make our communities and our nation a better and safer place to live through partnerships with non-profit organizations promoting "safe and vital communities," "tolerance, inclusion, and diversity" and "economic empowerment." Teen safe driving and building financial independence for domestic violence survivors have been priority issues for the Foundation since 2005.

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Stephanie Bell
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