Bakersfield, CA (PRWEB) November 30, 2012
The Rotary Club of Bakersfield East and the Rotary Club of Bakersfield Twilight (http://www.youthfinancialliteracy.net) have developed a youth financial literacy course for underprivileged high school seniors and emancipated youth. The National Financial Educators Council providing the personal finance presentations and training the instructors through their Certified Financial Education Instructor teaching money management coursework.
The Youth Financial Literacy Program planning committee consists of three bank vice presidents, financial advisor with Edward Jones, credit consultant, and a retired Community College District Chancellor. The planning team members will be volunteering their time to teach the National Financial Educators Councils financial literacy curriculum. Classes start in mid-January 2013, and will run for seven weeks.
“Financial literacy is a growing national problem,” said planning team co-chair Jim Williams. He pointed out that in March of 2010 the Obama administration declared financial literacy is the next major crisis that will plague the economy in the future if we don’t act now as a nation. Anselmo Moreno is the Founder and CEO of Innovative Credit Solutions, and he serves as the other planning team co-chair. He has consulted with hundreds of consumers regarding their personal credit reports. “The one constant statement that continues to resonate in my office is that my advice and information should have been taught in high school,” he said.
The planning team is actively seeking corporate and business sponsors to help raise funds for scholarships for students that successfully complete the program. “This financial education program for young adults will serve the youth that desperately need personal financial literacy skills. The NFEC commends the Rotary Club for their efforts and encourages the business leaders in Bakersfield to support this needed initiative,” states Vince Shorb of the National Financial Educators Council.
The mission of the Youth Financial Literacy Program is to encourage underprivileged high school seniors and emancipated youth to set life and financial goals, and provide students with the basics of money management in order to increase their financial literacy and success. The more students and young adults know about personal financial management, the more likely they are to increase savings, buy homes, and improve their overall financial situation for the long term. To learn more about the program visit the Youth Financial Literacy’s web site.
The National Financial Educators Council addresses the growing need for personal finance speakers and training. Partnership with organizations across the United States is helping the NFEC to improve the financial capability of our nation’s youth. The resources are made available according to the NFEC’s Financial EduNation Campaign, which provides comprehensive and turnkey solutions for those seeking to promote financial literacy.