This summer, United Way of San Luis Obispo County is hosting two “Money Talks” workshops at no cost to young adults ages 16-22. It has teamed up with Wacker Wealth Partners to bring the “Money Talks” program to teens and young adults in SLO County. The program is normally taught in local high schools over five class sessions. This summer, Ryan Caldwell from Wacker Wealth Partners will be teaching “Survival Skills for the Financial Jungle,” a condensed two hour version of the material.
There will be two survival skills classes this summer: July 27 and August 21, both from 11:00 a.m. – 1:30 p.m. The workshops are free and lunch will be provided, however registration is required in advance. These workshops will be an invaluable experience for young adults ages 16-22.
This fun, interactive class will focus on the most critical aspects of financial literacy for young adults: the emotion behind financial decisions, the mechanics of building and maintaining a good credit score, various forms of debt and how to stay out of trouble, basics of taxes, goal setting, saving, and investing.
Teaching young adults about their money personality – the set of ideas that govern spending, giving, and investment decisions – is a pivotal step in securing a strong financial future. Knowing their money personalities early on helps young adults understand what motivates their financial behavior, and allows them to make meaningful and lasting changes to create the financial future they want.
The teens and young adults will also learn about the importance of setting realistic and attainable money goals. One helpful strategy they will learn is to pay themselves first, establishing the habit of setting aside money into savings before paying bills or buying groceries.
The program will illustrate how starting a savings plan early has a profound impact on one’s ability to save towards long-term goals because time and compounding can do some of the work! The class will also focus on the basics of using credit cards, bank accounts, investing, debt management, and credit reports. Understanding these basic financial concepts from a young age will allow the young adults to make wise financial decisions now and in the future.
United Way of San Luis Obispo County’s goal is to create real, lasting change in our community through the building blocks of life- education, income and health. Financial knowledge is an important building block for a person’s future success, and they are dedicated to instilling this knowledge in the youth. United Way of San Luis Obispo County has been presenting Money Talks in local high schools since 2010.
For more information or to register, visit our website at www.unitedwayslo.org, or call Rachel Cementina at (805) 541-1234.