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Program Update: Financial Literacy

bank of america volunteering at clubs

“When you consider the full spectrum of skills we are working to ensure our members take away from their Club experience, financial literacy is critical.” – Kaiti Jones, Director of Program & Partner Initiatives, Boys & Girls Clubs of Boston

Financial literacy is one of the newest and most exciting additions to the comprehensive menu of programming Boys & Girls Clubs of Boston (BGCB) offers its members.

“When you consider the full spectrum of skills we are working to ensure our members take away from their Club experience, financial literacy is critical,” explained Kaiti Jones, Director of Program & Partner Initiatives at BGCB. “It has been exciting to see this program area take shape and to round out the list of other key skills members are now learning, including how to cook healthy meals, practice civic engagement in their communities, and prepare for a job interview.”

fidelity at bgcb

Financial Skills for Every Age Group

Setting and following a budget, weighing the pros and cons of taking out a loan, and understanding the difference between a checking and savings account are just a few of the many concepts that members are now learning at Clubs across the BGCB network.

While many financial literacy offerings are tailored to teen members preparing for life after the Club, there are also programs geared toward younger members just beginning to grasp the role money plays in day-to-day life. Programs are typically run in the form of week-long courses taught at clubs, but have also manifested in the form of day trips to partner offices or a multi-part series that spans the course of several weeks.

Powered By Partnerships

The initial success of the program has been due in large part to partners like Bank of America, First Republic Bank, Fidelity, Eastern Bank, and Vilms Consulting, who have not only volunteered at Clubs to teach these skills to members directly, but have also trained Club staff to teach the same skills to other members in the future.

“With such committed corporate partners, we are able to work toward our desired outcome of every member leaving the Club ready to thrive in whatever post-secondary pathways they may pursue,” said Jones. “I look forward to seeing our financial literacy programs continue to develop and take their place among the rest of our flagship programs we are running across our Clubs.”

Curious to learn more about programs at BGCB? Check out What We Do!