PROGRAM IMPACT
The Job Foundation believes that financial education happens in the classroom and in real-life situations. Elementary and middle school students learn hands-on during supervised Shopping Days. In high school, student have the opportunity and responsibility of having their card with them year around.
STUDENT EARNINGS
The Job Foundation's Conditional Cash Earnings program provides a unique opportunity for students to learn financial literacy while earning money. Approximately 60% of student earnings are held for them in a long-term savings account. This establishes a foundation for financial success upon graduating from the program. The remaining 40% of earnings may be spent during supervised shopping trips. Students fill out a spending plan, choose to donate money to charity, decide if they want to save extra money, balance their checkbook register, and learn about comparison shopping to help them make wise financial decisions.
The organization strives to provide an effective financial literacy program to ensure students have the tools necessary to take control of their financial future. The Job Foundation sets a long-term savings goal of $3,400 for students to achieve. Currently, 83% of students (an increase from the previous 76%) are on track to achieve their financial goal upon graduation.
Spending Behaviors of Students
in FY 2021-22
WHEN STUDENTS ARE GIVEN THE OPPORTUNITY:
53%
Donated to Charities
64%
Saved Extra Money
BENEFITS OF MENTORING
According to Youth.gov, mentoring is essential to child development because children with mentors have:
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Increased high school graduation rates
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Healthier relationships and lifestyle choices
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Better attitude about school
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Higher college enrollment rates and higher educational aspirations
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Enhanced self-esteem and self-confidence
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Improved behavior, both at home and at school
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Stronger relationships with parents, teachers, and peers
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Improved interpersonal skills
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Decreased likelihood of initiating drug and alcohol use