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I learned about mutual funds, savings, retirement, IRA and how to save money

The cred it card salesman will say anything to get you to buy a credit card and you become more in debt . Try to get a good education to get a good job that can pay for life.

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I learned about mutual funds, savings, retirement, IRA and how to save money

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  1. The credit card salesman will say anything to get you to buy a credit card and you become more in debt Try to get a good education to get a good job that can pay for life The salesman told me I could afford the hummer, so I bought it. Now I can’t afford a place to live, furniture or anything! Now what do I do Mom! I learned about mutual funds, savings, retirement, IRA and how to save money

  2. Whatis the Credit for Life Fair? Data indicates that 55% of all college students and 10% of high school students have a major credit card. Of those people, 25% have more than $3,000 in credit card debt!

  3. “Teenage Debt Problems Over Lack Of Credit Card Knowledge” • “Level of teenage debt rings alarm bells” • “Teenage debt '3 times salary‘” • “Call for finance lessons as teen debts mount” • “Credit card firm targets teens” MASTERCARD was accused of encouraging teenagers to go into debt with the launch of a payment card for children.

  4. Steps to a successful event… • Why does it work? • Collaboration between: • Businesses • Chamber of Commerce • Educators • Partnership

  5. First: Engage Educators Second: Sell Program to Businesses Third: Raise Funds Fourth: Develop Timeline

  6. Sell program to businesses • Partner with local Chamber • Contact local banks • Contact credit and lending associations

  7. Engage Educators • School presentation • highlighting participation benefits • Guidance • Business teacher, math teacher • Career Specialist • In advance distribute student preparation materials • participant profile • occupation profile

  8. Raise Funds Local banks compliance with community service practices and policy “Sell” sponsorship: padfolio, t-shirt Food donations from food vendors

  9. Develop Timeline 6-months in advance: Form Committee Set Date Reserve Facility* Solicit Donations/Sponsorships Determine Student Give-a-ways 3-months in advance: Recruit Booth Captains and Volunteers Purchase Padfolios Press Release 2-months in advance: Booth Captain Orientation School Registration Order T-shirt with Sponsorships

  10. Timeline(continued) 6-weeks in advance: Solicit refreshments (Water, Breakfast and Lunch) School Registration Deadline New Event: Banners needed 4-weeks in advance: Student Orientation School Bus Arrangements Confirm Facility Arrangements Purchase supplies (tablecloths, pens, pencils, nametags) 3-weeks in advance: Volunteer Orientation 2-weeks in advance: Student Participant Profile DUE Press Release (#2)

  11. Timeline (continued) 1-week in advance: Student Package Prepared Padfolio (calculator and pencil) Budget Credit Report Name Tag Volunteer Packs Booth Descriptions Evaluations Day Before: Transport materials to facility Set up facility Registration Booths – Tables/Chairs Refreshments

  12. Furniture Clothing Insurance Savings and Retirement Transportation Reality Check Housing Credit Counseling Credit and Lending Luxury Education Nutrition/Health Career Counseling Credit for Life Fair Booths

  13. Volunteer Roles and Responsibilities • Guide the students • Students must visit and make a purchase at every booth • Direct students to Credit Counselor for periodic assessments of their spending plan • Explain credit card usage (charges, balance) • Record credit card purchases in two places (Budget/Spending Plan and Credit Card) Have fun!

  14. Volunteer Orientation Agenda • Overview of Credit for Life • Goals of the Fair • Student Schedule • Review a sample Student Profile • General Volunteer Duties • Booth Description • Roles and Responsibilities • Managing your Booth • Questions and Answers • Booth Discussion

  15. Event Debriefing • Student Questionnaire • Volunteer Evaluations • Team Captain follow-up debrief meeting

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