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YFE Program Overview
The Youth Financial Education (YFE) Program aims to spread knowledge about the proper way to handle money, influencing youth to develop sound spending habits. The program teaches the fundamental skills that enable students to make proper financial decisions. Learning this important information early will allow the students to be better prepared for the financial responsibilities of adulthood. Topics include habitual savings, “good debt” vs. “bad debt,” and budgeting. Participants in the program learn the basics of phenomena such as taxes, insurance and investing. Enjoyable, interactive teaching methods, such as the board game “CA$HFLOW©,” in addition to traditional classroom techniques are used to engage students.
YFE teams with local CDCUs and local school districts or youth groups to teach the fundamentals of personal money management. Apart from the comprehensive lessons about saving, investing, and spending, YFE organizes Classroom Savings Challenges, Youth Savings Clubs, Investment Clubs, and branch tours in cooperation with Community Development Credit Unions (CDCUs). The program has been taught for six years in schools throughout North Carolina, and is available for use in any school or community that would like to participate.
Youth Financial Education Festival - April 24, 2010
The first-ever Youth Financial Education Festival will be held on April 24th, 2010 at the Durham Bull’s Athletic Park from 1pm-4pm. This fun, day-long event is dedicated to raising awareness and educating North Carolina’s youth on the importance of becoming wise money managers and responsible financial investors.
- Registration Packet and Form
- Sponsorship Opportunities
- Exhibitors Form
YFE in News
1st Annual Youth Financial Education Festival - April 24th, 2010
Project teaches value of savings
Rogers‐Herr Students Participate in "Classroom Savings Challenge"
The Youth Financial Education Program (YFE) and Durham School Team Up
YFE Summer Camps Wrap On High Note
Games
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PBS Kids Mad Money:
Learn the essentials about budgeting. While looking for opportunities to save, race against the time to purchase all of items on the shopping list. |
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Penny Hallow:
An interactive world where characters teach you about proper spending habits. Play games, explore the world, and talk to characters! |
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Mint Games:
Fun interactive games that will teach you fun facts about money!
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Stock Market Game:
Using a hands on approach, learn about how to successfully invest in the stock market. Invest money, make decisions, and watch your savings increase! |
Be sure to visit our Facebook Page, or visit us on YouTube.
Financial Literacy Resources
"Ten Tips to Raising a Financially Savvy Child"
Courtesy of
Tip #1 Relate Money to Lifestyle. Talk to youth & young adults about their personal dreams and discover what they're passionate about. Relate their aspirations to how understanding money will help them reach their goals sooner.
Tip #2 Eliminate Limiting Beliefs about Money. Even though many of us have had difficulties handling our finances - mostly due to lack of financial education instruction - we must avoid passing along negative associations about money.
Tip
#3 Develop Their Foundation Skills. There are key personal traits that will make it easier your child to achieve the level of success they desire: organization / time management, ethical character, developing a proper mindset, living ones passions and the ability to communicate effectively.
Tip #4 Savings Plan. Get children, teens & young adults in a habit of saving money. Lack of savings is the biggest problem plaguing most Americans so help them avoid debt by encouraging a savings plan as soon as possible.
Tip #5 Build a Solid Financial Foundation. Make sure your child has their checking and savings accounts open as soon as possible. It gives them an added sense of responsibility which is essential in the development of financially responsible children.
Tip #6 Power of Compounding Interest. When harnessed young, this powerful financial force will make securing their future and living the lifestyle they want a much easier. Plus it gets them excited and thinking about their future.
Tip #7 Raising Free Thinkers. Teach them to evaluate advertising by asking "what are they trying to convince me of", "who are they targeting" and "what does this goal of this ad". Doing so will help your child evaluate advertisements logically, instead of emotionally, and pick up marketing knowledge which is a key skill of many successful people
Tip #8 Credit. Building a rock solid credit history will save today's youth tens of thousands of dollars over their lifetime. Understanding how build and maintain a good credit scores will put them well ahead of the 'average' person.
Tip #9 Keys to Wealth. For many the thought of investing can seem overwhelming because they don't know what to invest in. Encourage them to learn about the financial (stock) market, real estate and entrepreneurial endeavors.
Tip #10 Entrepreneurial skills - In the 21st century, entrepreneurial skills are essential. Employers want people that think outside the box; so entrepreneurial skills will not only help them start their own business but will help them stand out in corporate America. Encourage them to start a business and give them the resources so they know what steps to take.
Press Releases
Rogers‐Herr Students Participate in "Classroom Savings Challenge"
> Read More
The Youth Financial Education Program (YFE) and Durham School Team Up
To Improve Kids' Financial Education
> Read More
YFE Summer Camps Wrap On High Note
> Read More
Save, Borrow, Learn Campaign Brings Awareness to State CDCUs
> Read More
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YFE blog
Week of November 9th
I think YFE is providing a good opportunity for our 8th grade students at Rogers-Herr to learn about saving. 8th graders are getting ready for high school and some will soon start working. This will help them to see the importance of putting some money aside for the future, like college, instead of spending it all at once. They learn to "pay themselves first" so they will have money for a rainy day. The students are excited about saving and some are starting to save on their own at home.
- Crysta Hines
Business Education Teacher
I have been learning how to save money. Ever since we have started this program I have been saving more money than I have ever had. At the end of the program I hope that my class (Ms. Hines) will win the savings bond and the pizza party. If my class wins I will put the money toward my college tuition. Even though it isn't much it will still help contribute.
- Jaquan
I think the website is really interesting and I'm impressed by the fact that the website has games to. I also understand a lot better about what we're learning in class right now. Thanks a bunch.
- Sam Markin
Dear Ms. Knox,I have been learning a lot about saving money thanks to this program. I hope that our class wins the pizza party, and the savings bonds, because we could all use the money.
- aLeX c.
I am very interested on saving money and using it for a school challenge. But every time I save money I forget to deposit money to the jar. I just want to save money but I don't really want to donate all of it. Our class is doing a great job in saving money and I think were in first place, or somewhere there. I should probably try and remember to donate money in the jar. Anyway, I think our class could win the pizza party. Thanks for informing us on the save challenge.
- Michael M.
This is Jaquan from Rogers Herr middle school. What I learned from this saving events was to invest mi money a smart way. I also learned to save my money instead of just spending it on objects i don't need.
The website was really cool. I feel that it is a great opportunity to help kids learn to save money. One day you will hear about me as a multi millionaire all because of your website. It has really inspired me.
- Timothy Mangum
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