Young Money Finances to host summer camps
A trio of three-week camps this summer will teach young people about money management, investing and entrepreneurship. The nonprofit Young Money Finances will host three in-person camps this summer for those ages 11-17 to sharpen their skills in the aforementioned areas. Each camp is $25 per student, and scholarships are available to ensure cost is not a barrier to participation. “We are excited to offer in-person camps this summer because they provide an engaging way for students to learn about saving, investing and growing a business,” said Dondreá Brown, founder and CEO of Young Money Finances. “Our goal at YMF is to empower youth to build healthy financial behaviors, and these camps will offer them hands-on experience to set young people up for financial success.
Young Money Managers — Participants will learn the basic principles of saving, financial goal-setting, healthy money decision making and wealth building. Young Entrepreneurs — Participants will learn basic business and financial management concepts. Young Investors — This program will focus on investing, with participants trading from a demonstration account. Students in each session will receive a toolkit that includes a Young Money Finances, or YMF, T-shirt and stickers, play money and flash cards, a journal and a pledge card specific to the session topic, among other learning tools. For example, the Young Money Managers flash cards will provide “math made simple” tips, a monthly financial planner and basic information about savings accounts, dividends, credit inquiries, annual percentage rate and other common money terms.
“At YMF, we believe developing financial literacy can be fun and engaging and help families build generational wealth,” Brown said. YMF was launched in February 2019, modeled after a curriculum developed by Brown and inspired by his then-8-year-old daughter, Aniylah, who needed to budget and save for a gymnastics bar. The toolkits, flash cards, journals and YMF-branded materials are available to purchase at ymfgr. Brown provides similar services to adults through his for-profit business, 1428 Financial Wellness.
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