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FINANCIAL LITERACY PEER GROUPS

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FINANCIAL LITERACY PEER GROUPS

The FinLit program is based on a (small) peer-group comprised of 6-8 members, with an investment of $1,250.00 into each participants future. It is designed to help youth with the greatest need for financial literacy. Our target market are fostered and adopted youth that have lived with abuse and ... Read More

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The FinLit program is based on a (small) peer-group comprised of 6-8 members, with an investment of $1,250.00 into each participants future.

 

It is designed to help youth with the greatest need for financial literacy. Our target market are fostered and adopted youth that have lived with abuse and trauma and struggle with basic personal economics and structured living issues.


As the pandemic grew, so did the wealth-gap. The folks least able to afford it, are paying for it. KARA saw a need and FinLit was created. Executive Director Mike Tikkanen combined his background in financial management with his many years a CASA guardian ad-litem volunteer and developed a financial literacy program focused on personal growth and real-world financial tools for at risk youth.

 

According to the National Endowment for Financial Education (NEFE), 10 hours of personal financial education has a positive effect on spending and savings habits. We have known for some time that financial knowledge translates into tangible benefits. In 2009 a study in Pennsylvania schools indicated students who were required to take a personal finance education course in high school achieve roughly one year’s worth of additional net worth when compared with those who were not required to take such a course.

 

Economics and consumer behavior studies confirm that financial literacy affects people’s work life, financial behavior and economic decision-making. Financial literacy motivates an individual to seek out information and act on what they know. According to a paper published by the ADBI: Financial Literacy and Poverty Reduction, economically disadvantaged people likely to be financially excluded and poor financial literacy is one of the demand-side barriers for financial inclusion. This exclusion creates generational poverty.

 

Our financial literacy program is designed to fight generational poverty by targeting at-risk youth and young adults that have experienced systemic neglect, childhood trauma and are caught in the vicious cycle of generational poverty.

 

No update found.

badge FINANCIAL LITERACY PEER GROUPS

$5 of $12,500

raised from 1 people

FINANCIAL LITERACY PEER GROUPS

MIKE TIKKANEN, on behalf of

Kids At Risk Action

80% of youth aging out of foster care lead dysfunctional lives. KARA works to change this through peer group learning about credit/banking, earning/spending and lifestyle. We provide $ to start saving.

MIKE TIKKANEN

CASA volunteer guardian ad litem advocating for abused and neglected children since 1996, author INVISIBLE CHILDREN 2005, Speaker including United Nations 2007 and founder of Kids At Risk Action KARA 2001. Supporting the people, policies and programs that make life better for at risk youth.

Hopkins, Minnesota

Recent Donations

  • $5.00

    Anonymous

    3 months ago

FINANCIAL LITERACY PEER GROUPS

badge FINANCIAL LITERACY PEER GROUPS

$5 of $12,500

raised from 1 people

FINANCIAL LITERACY PEER GROUPS

MIKE TIKKANEN, on behalf of

Kids At Risk Action

80% of youth aging out of foster care lead dysfunctional lives. KARA works to change this through peer group learning about credit/banking, earning/spending and lifestyle. We provide $ to start saving.

MIKE TIKKANEN

CASA volunteer guardian ad litem advocating for abused and neglected children since 1996, author INVISIBLE CHILDREN 2005, Speaker including United Nations 2007 and founder of Kids At Risk Action KARA 2001. Supporting the people, policies and programs that make life better for at risk youth.

Hopkins, Minnesota

Recent Donations

  • $5.00

    Anonymous

    3 months ago

FINANCIAL LITERACY PEER GROUPS

The FinLit program is based on a (small) peer-group comprised of 6-8 members, with an investment of $1,250.00 into each participants future. It is designed to help youth with the greatest need for financial literacy. Our target market are fostered and adopted youth that have lived with abuse and ... Read More

Youhelp Share

Campaign URL:


The FinLit program is based on a (small) peer-group comprised of 6-8 members, with an investment of $1,250.00 into each participants future.

 

It is designed to help youth with the greatest need for financial literacy. Our target market are fostered and adopted youth that have lived with abuse and trauma and struggle with basic personal economics and structured living issues.


As the pandemic grew, so did the wealth-gap. The folks least able to afford it, are paying for it. KARA saw a need and FinLit was created. Executive Director Mike Tikkanen combined his background in financial management with his many years a CASA guardian ad-litem volunteer and developed a financial literacy program focused on personal growth and real-world financial tools for at risk youth.

 

According to the National Endowment for Financial Education (NEFE), 10 hours of personal financial education has a positive effect on spending and savings habits. We have known for some time that financial knowledge translates into tangible benefits. In 2009 a study in Pennsylvania schools indicated students who were required to take a personal finance education course in high school achieve roughly one year’s worth of additional net worth when compared with those who were not required to take such a course.

 

Economics and consumer behavior studies confirm that financial literacy affects people’s work life, financial behavior and economic decision-making. Financial literacy motivates an individual to seek out information and act on what they know. According to a paper published by the ADBI: Financial Literacy and Poverty Reduction, economically disadvantaged people likely to be financially excluded and poor financial literacy is one of the demand-side barriers for financial inclusion. This exclusion creates generational poverty.

 

Our financial literacy program is designed to fight generational poverty by targeting at-risk youth and young adults that have experienced systemic neglect, childhood trauma and are caught in the vicious cycle of generational poverty.

 

No update found.

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