Financial Literacy
Young Parents Program
WHAT WE DO
PROVIDING FINANCIAL EDUCATION
TO YOUNG MOMS
Financial literacy plays a crucial role in the success of our young girls. As a result, we provide financial literacy services alongside comprehensive mentorship to ensure that the girls not only participate in the program but also achieve tangible results.
Our financial literacy programs are open to all teen moms (ages 16-24) in Baltimore, MD and utilize the federally-accredited FDIC Money Smart curriculum, incorporating its recommended guidance.
OUR CURRICULUM
With the expertise of our Certified Financial Education Instructor (CFEI), Kimberly Welch, and our wonderful career mentors, we offer culturally relevant explanations for all financial concepts, including:
- How your needs determine which financial products, services, and providers you select
- Defining and setting financial goals
- Types of income, different ways to receive income, how to read a pay statement, and how to track income
- How to create a spending and saving plan, and ways to increase income and decrease expenses
- What it means to save, reasons saving money is important, and ways to find money to save
- Credit reports and how they can affect many areas of your life
- Different types of loans and the costs of borrowing
- How credit cards work and important credit card terms
- How to identify risks to your assets and ways you can reduce those risks
- One-time and ongoing costs of car ownership and how to compare options when buying a car
- Benefits and costs of post-high school education and training and different types of education and training
- How to figure out what you need and want in a place to live and options for housing