“We can pass any Advanced Placement test you put in front of us, but we don’t know how to manage a bank account.” ~ Lodi Unified School District student
California Jump$tart (CAJ$) is a non-profit 501c(3) that supports and promotes financial education in California. CAJ$ is acting as the lead resource and strongly in support of AB 2215. Below you will find some highlights of the program being introduced.
California Jumpstart is strongly supporting this initiative, and is thrilled to partner with Assemblywoman Rubio, Assemblyman Villapudua, and State Treasurer Fiona Ma to put forward this legislation that will bring state and private resources together to expand financial literacy education and resources to the students of Calfornia... Learn more about AB-2215.
When you pay yourself first, you pay yourself (usually via automatic savings) before you do any other spending. In other words, you are prioritizing your long-term financial well-being.
Starting the new year with long- and short-term financial goals is common! The most popular financial goals are paying down debt, saving for emergencies, budgeting better and saving more for retirement. Here are some tips to keep you on track:
As a decade-long board member and current chair of the California Jump$tart Coalition, a heartfelt thanks to you for being an advocate of financial literacy.
First, a bit of humor I came across about the lack of personal finance education: "I'm glad I learned about parallelograms instead of how to do taxes; it really comes in handy during parallelogram season."
Many observations can be made about what should be taught in our K-12 schools. Most of us understand the irony in that joke because, as adults, we know how essential personal financial management is to one's adult life.
The recipients of the Jump$tart 2021 National Educator Conference (JSNEC) Scholarships were kind enough to share their experiences at the conference and how some lessons they've learned have benefited their classroom. Scholarships included prepaid registration to the conference (worth $1,250) and up to $600 towards travel expenses. The prepaid registration included a two-night stay at the hotel, six (6) conference meals, and full participation in the conference. Be sure to apply next year!
A key money lesson for children is about investing. The earlier you invest, the more time you have for your money to grow. By understanding investing we can hope to help individuals save for retirement, large purchases, or help secure short- and long-term financial goals. In the last few years, we’ve seen big growth in stock and real estate investments. In the last few months we’re seeing major growth in inflation, for the first time in a while. Both are important reasons to build a long term investment plan. And teach your youth these ideas.
With Halloween taking place in October we thought it seemed fitting to focus on a topic most find scary - Understanding Credit. Let's address using credit wisely. Credit can be a flexible and convenient way to purchase goods over time. However, if not used responsibly, you incur fees and negative consequences. But, one can avoid the frightening consequences of failing to use credit properly by keeping these three tips in mind:
Insurance plays an important role in a sound financial plan and is an important part of financial education. Basic insurance literacy starts with reading and becoming familiar with your auto, health, home and life insurance policies. Consumers have a lot of power over what they pay and being knowledgeable can reduce insurance costs. Make this your month to learn more about insurance, and you could save money in the long run!