Money Matters

Volunteers from Key Bank help out at the Anacortes Club.


Money Matters
Money Matters promotes financial responsibility and independence among Club Members ages 13 to 18 by building their basic money management skills. Participants learn about financial literacy, including how to manage a checking account, create a budget, save and invest, start small businesses, and pay for college. 

The program features the following components: 

  • The Teen Personal Finance Guide is a fun, innovative and useful tool for teens. It includes practical tips and activities to help teens learn the important skills of balancing a checkbook, creating a budget and investing for college and retirement. The guide also provides teens with basic entrepreneurship information for those interested in starting businesses.
  • The Facilitator’s Guide contains basic financial concepts that Club Staff and volunteers can use to help teens understand the benefits of effective money management. Easy-to-implement small-group activities can usually be completed in less than an hour and help to supplement and reinforce the information in the Teen Personal Finance Guide.
  • The Money Matters Website is an interactive, engaging tool on which teens will learn to monitor their spending habits, make sound budgeting and investment decisions, gain knowledge about starting a business, and use a savings and financial aid calculator to plan for college.

Thanks to Dale & Susan Ragan for funding the Money Matters program at the Mount Vernon Club.


 

Share Button

Calling all Volunteers

Back2SchoolVolunteer_webslideDo you have a passion for helping? Do you love to cook? Maybe you really love sharing your interest in photography. Or you would love to help design a youth community service project. If you have a passion for youth, a passion for serving your community, and interest in helping to teach others, we need you! With the return to school, the Boys & Girls Clubs of Skagit County are calling all volunteers to come & help make our Club programs great. Open after-school Monday-Friday, from 2:45pm- 6:00pm, our Clubs serve youth ages 6-18. All programs run for 30-60 min, and fall under Academic Success, Healthy Lifestyles, and Good Character & Citizenship. We would love to include you! Contact Katelynn Sullivan at ksullivan@skagitclubs.org, or 360-419-3723 x8.

Share Button

MV Spring Program Sign Up

Spring Programs are in season!

Spring Programs are in season!

Come Sign Up for our Spring Programs at the Mount Vernon Boys & Girls Club.

Money Matters:  Every Wednesday from 5-5:30 p.m. starting Apr. 9.

Positive Sprouts: Every Friday from 4-4:30 p.m. starting Apr. 11. 

Share Button

Keeping Track of Accounts

Teen Members learning how to keep track of their money to become gain financial freedom.

Teen Members learn how to keep track of their money to gain financial freedom.

During Money Matters at the Mount Vernon Boys & Girls Club, Teen Members learned how to write a check and balance a checkbook; read and understand a bank statement; and manage a checking account online. Teen Members learned how having a checking account is helpful, and why keep accurate records for accounts is important.

Money Matters takes place on Monday, Wednesday and Friday from 3:30pm – 4:00pm.

Money Matters is made possible by the the support of Dale & Susan Ragan. It takes place on Monday, Wednesday and Friday from 3:30pm – 4:00pm.

Share Button

The Power of Saving

Teen Members learning how to create a budget and save for prom.

Teen Members learning how to save money and create a budget for expenses.

During Money Matters at the Mount Vernon Boys & Girls Club, Teen Members learned about the importance of saving. Groups of Teens participated in an activity where they practiced three saving strategies. In Group 1, “Seize the Day,” they don’t save anything. In Group 2, “Save When I’m Older,” they spend money now, but start saving in five years. In Group 3, “Smart Savers,” they save from day one.

Teens took away the following key messages from the activity:

  • Savings provide a cushion for everyday expenses, a means to reach goals in life, and a way to ensure there is money for unforeseen expenses and emergencies.
  • Compound interest allows savings to increase exponentially over time.
  • Because of compound interest, saving a small amount early in life is easier than saving a large amount later.

Money Matters is made possible by the the support of Dale & Susan Ragan. It takes place on Monday, Wednesday and Friday from 3:30pm – 4:00pm.

Share Button

Living on a Budget

Teen Members excited to integrate the use of check registers into the Money Matters program.

Teen Members excited to integrate the use of check registers into the Money Matters program.

Thanks to Dale & Susan Ragan for funding the Money Matters program at the Mount Vernon Club.  The objective of the lesson this week at the Mount Vernon Boys & Girls Club is to identify and share personal financial goals with others. Teens had to identify steps necessary to achieve these goals, and they learned that solid financial footing can be a goal in itself with ample returns.

Money Matters take place on Monday, Wednesday and Friday from 3:30pm – 4:00pm.

Share Button

Money Matters in Mount Vernon

Teen members participate in Money Matters.

Teen members learn the importance of financial literacy through Money Matters.

Thanks to the generous support of Dale & Susan Ragan, the Mount Vernon Boys & Girls Club is proud to launch Money Matters starting March 4. The Money Matters program was created to provide financial education to teach teens the importance of budgeting, saving, planning for college and financial freedom.

The Money Matters curriculum covers the following topics:

  • Budgeting and Living Within Your Means
  • Saving and Investing
  • Planning for College
  • Credit and Debt
  • Entrepreneurship

Teen Members will also engage in running the concession stand as well has helping younger Members budget their Club Buck Check Books!

We would also like to acknowledge the support of Columbia Bank, Skagit State Bank, and Banner Bank for donating check registers for our Members.

Money Matters takes place Monday, Wednesday, and Friday from 3:30pm – 4:00pm. 

Share Button

Teens learn about Finances!

Nick Van Jaarsveld, Edward Jones Financial Advisor, visited the Sedro-Woolley Teen Center on February 4th as a guest speaker for the Money Matters program! The Club Members learned the finer points of investing and stocks as well as the importance of saving the future. Teens also got tips on how to “pay yourself” by investing in companies whose services they actually use, for example, buying stock in the phone company that you have a plan with. Two of the best tips the group got from Nick was that stocks are available to anyone, regardless of age, and that you should invest in things you know but to keep in mind that the bigger the company the more expensive the stock. Thanks Nick for keeping Sedro-Woolley Teens informed and helping them launch their savings and investing careers.

If you’re interested in being a guest speaker for Money Matters or would like more information on the Teen Center please contact Patrick at patrickd@bgcskagit.org or by phone at (360) 419-5525

Share Button

Money Matters to Teens

The Sedro-Woolley Teen Center is starting its first session of Money Matters, which is a program that is perfectly named because it is a pun that sums it all up! Not only is at a program that will teach its participants about why money is something that matters, but also about matters that involve money. Some of the matters concerning money that have already been covered involve wants and needs. What is a want and what is a need is an important matter when it comes to money. It is also an important matter to be able to recognize when a want becomes a need. An example one of the teens gave during the “want vs. need” discussion was that a car is a want until reliable transportation becomes a necessity for work or school. That is when a want becomes a need.

Another money matter that has been gone over is salaries. Teens made a list of careers they found interesting and Paige (Program Assistant and all around amazing person) did some research to find out what the average salaries of those careers are. Teens were then asked to match the careers with the salaries. They were surprised by some of them but even more surprised when they found out how much of that money would go to needs as opposed to wants. Hearing about the average annual cost of rent, electric bills, groceries, and transportation really illustrated why money matters!

Share Button