Carbondale’s YouthEntity (YE) received an early Christmas present last week from the Daniels Fund, a community development foundation.
YE’s financial knowledge program for elementary and middle school students was awarded $47,500, said Kirsten Petre McDaniel, YE president.
“We are very happy with the results,” she said. “We plan to expand our Level 2 program for 8th graders into the RE-1 and RE-2 school districts this year.”
Level One of the I Am Financial Knowledge Program was developed for 5th graders in 2011. “Fifth-graders can envision what their needs will be in high school,” said McDaniel. “They know that managing money is an important life skill.”
Both program levels teach the “10-10-10-70 Rule” among other concepts, which means for every dollar earned, kids save 10 percent, invest 10 percent, share 10 percent, and spend 70 percent. YE hopes to start financial knowledge classes in area high schools next year.
“Being financially secure doesn’t happen to you,” said McDaniel. “It’s something you make happen.”