How a C.A.F.E Youth Account is Improving Kids' Savings Habits
Don't you wish you had learned better financial skills when you were a kid? Unfortunately, we usually don't learn how to manage money until much later in life, and often times it's through the school of hard knocks. So how is Education First helping to change that? We use our C.A.F.E Youth Savings program, a custom model designed to teach financial literacy and smart decision-making to help youth develop healthy financial habits that will last a lifetime. C.A.F.E members can hone their skills through online games in the learning laboratory and also enjoy lots of other cool perks like quarterly newsletters, birthday cards, and monthly incentive rewards when they make deposits into their savings account!
Oh yeah, we'd really be selling ourselves short if we didn't mention that the program also encourages academic and extracurricular achievements too. Each year, C.A.F.E members who maintain a B or better grade point average, received recognition either in school or the community for a special achievement or participation in sports or civic activities (volunteerism, StuCo, UIL, etc.) are invited to share these achievements with us in exchange for an invitation to our exclusive Achievement Awards Party! (Hint, if you kiddo likes to "Jump Up, Jump Up and Get Down" 🎶 they're gonna love what we've got planned for this year's party coming up in June).
But don't take our word for it. We thought we'd ask one of our C.A.F.E recruits about her experience with this savings account. So, meet Ella, a second grader at Roy Guess Elementary School.
Here is what she had to say about C.A.F.E.
1. When did you open your C.A.F.E Savings Account?
2. What made you want to join C.A.F.E?
I wanted to be able to go to the C.A.F.E end of year party.
3. How did you hear about the program?
Education First visited my school at Running Start and told me about all the program.
4. Why do you think it is important to learn about to save money?
To be able to save up my money for a trip to Disney.
5. Are you trying to buy something special?
Yes! I am saving up to go to Disney.
6. Do you try to save money regularly?
I try to save every other month.
7. How does it make you feel when you get your statement in the mail and see your savings account growing?
8. What would you tell other kids who are thinking about opening up a C.A.F.E Savings Account?
9. What do you think is the most important thing that you have learned from the program since joining?
I can set goals for myself.
10. What do you like best about the program?
Knowing that I have something of my own.
Thank you, Ella, for sharing your experience with your C.A.F.E Savings Account!