Each student received a drawstring sports pack from Wells Fargo. In it was a phone stand/speaker amplifier, a pen that doubled as a stylist, and a Budget Toolkit. The toolkit included a folder that had a sample outline for a monthly budget, a one page breakdown of a young professional’s finances, a print out of the entire PowerPoint slide show, a financial goal setting worksheet, a needs vs. wants sheet, and wallet cards with basic financial information to keep as reminders out shopping. We began activities at 10 am.
As the workshop continued, Lindsay from the Sara Start Fund presented a fabulous example of a hypothetical young professional’s, Angie, life. A realistic starting job as a receptionist with a job description, approximate salary range, and normal expenses. Our youth then took all of the information about Angie and filled in a monthly budget using the worksheet. Many were shocked to see how much rent was, how quickly bills add up, and how hard it is to live on a salary of $21,000 in the Washington DC area.
To reward the youth for a long morning of crunching numbers, the Sara Start Fund provided a surprise visit from the ice cream truck, Captain Cookie and the Milkman, on our way to the CFSA building for lunch and afternoon activities. We all enjoyed the sweet treat but didn’t let it spoil our Subway lunch. As students finished lunch they broke into small groups to review vocabulary and do some studying before the monthly quiz.