This financial guide gives teenagers in foster care a chance to learn about money, savings, banking, earnings, and how their values and attitudes about money will affect their future. Lots of worksheets lets the kids decide for themselves how to plan for a future that they can control. In addition to this publication, there is a part two.
Planning for a future is hard, but it's the only way to get out of dead-end debt
Findings & Stats
Needs before wants when spending money.
Keep your savings quiet so others don’t ask to borrow it and forget to pay you back.
As a foster kid, today may be out of your control, but someday there will be a tomorrow that you can control. Will you be ready?
Money is a tool that can shape your life for the better if you know how to use it.
Statements & Quotations
To start using money as a tool to build your future, you need to know the difference between a “need” and a “want.” A need is something you must have to survive, like a place to live and enough food to heat. A want is something you might like to have, but don’t need to have it right away or even at all. Sometimes it’s hard to know the difference.
Like most people, you probably don’t have enough money to buy everything you would like to have. So you have to make choices. Welcome to a lifetime of learning how to make good choices for yourself!