What does financial literacy mean to you? Is it knowing how to do your taxes, budgeting well enough to have extra spending money each month, paying off your loans in a certain time or simply having a bank account? There are many free resources available online on a wide range of financial topics; all you need to do is take the time to look and educate yourself. UWATX has many resources available on our own website including: Bank Locator Tool Answer a few questions to find the perfect bank or credit union for you, complete with locations to help you get started. Financial Toolkits Our toolkit contains tips and worksheets on the following topics: Filing taxes How to repair your credit and manage debt Everything you need to know before you take out a loan How to open a bank account and set up direct deposit Financial Classes Locator Check out free upcoming financial classes near you to improve your skills. Additionally, check out these other great resources to meet your financial literacy goals: 360 Degrees of Financial Literacy 360 Degrees of Financial literacy is a national volunteer effort from America’s Certified Public Accountants to help residents understand their personal finances and develop money management skills. It focuses on financial education as a lifelong endeavor and contains tips dependent on your current situation, whether you’re a college student, young couple, divorced, etc. They have a huge range of topics covered from caring for aging parents, investing basics, sudden wealth, saving for […]
Read MoreUWATX Launches CommunityTHRIVE
United Way for Greater Austin recently launched a new initiative within our Financial Stability work called CommunityTHRIVE. CommunityTHRIVE provides financial education classes, coaching and community resources in partnership with the City of Austin Neighborhood Centers and Goodwill. Connie is an engaged community member at the Rosewood-Zaragosa Neighborhood Center who participated in the first CommunityTHRIVE class series we just wrapped up. She also volunteers at R-Z food distributions and serves on the advisory board at the Conley-Guerrero Senior Activity Center next door, advocating for programs and trips for her peers. She is a recent retiree adjusting to living on a fixed income, adding new financial difficulties to her life. CommunityTHRIVE is a four class series on budgets, debt, credit and saving open to community members at the City of Austin’s Rosewood-Zaragosa Neighborhood Center. Participants are also supported with one-0n-one financial coaching and incentives from the food bank for participation. In partnership with the Capital Area Food Bank, we are able to offer participants completing the CommunityTHRIVE classes a “food scholarship.” Participants earn a certificate in class which they can redeem for an extra basket of fresh food at several local pantries. We asked Connie about her experience in the CommunityTHRIVE classes. What was your experience like with CommunityTHRIVE? What did you learn? “It was a positive experience overall. It gave me a lot of validation. I got lots of tips on how what I’m doing could work better.” Connie really liked the handouts she received in the class, including sample budget sheets, how […]
Read MoreDecker Students Learn About Financial Stability with Chase Volunteers
Getting students thinking about making financial decisions at such a young age can be a challenge, but having knowledgeable and friendly volunteers makes it much easier! “Camp Raven” is UWATX’s free summer enrichment program at Decker Middle School, where each week students learn about an issue affecting their community and complete related educational activities with volunteers. Last week, seven Chase volunteers dedicated a total of 27 hours of their time at Camp Raven, where they led financial literacy games and activities for the campers. “ I chose to spend the most on food and healthcare because taking good care of my children is the most important thing to me.” — Kevin, 7th grade student There were two exercises that the children and volunteers participated in, a market simulation exercise and a budgeting exercise. The market simulation exercise was completed using food items such as fruit snacks, mints and juice that had different values. The students were divided into assigned groups and were classified as either buyers or sellers. Sellers had to come up with a price and strategy on how to sell their “products” for the greatest amount of dollars and create ads with the product information. The buyers group made transactions using fake money based on what the advertised prices were. Following the activity, students discussed what they learned in regards to their money making decisions. The budgeting activity taught the children how to budget their candy “money” by allocating them into realistic categories. Each student based their budgeting decisions on the idea […]
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