Teens learn value of saving for goals, like grad party, at MEO Financial Literacy Workshop

Teens learn value of saving for goals, like grad party, at MEO Financial Literacy Workshop

by | Oct 25, 2023 | Personal Finance

Teens Learn Value Of Saving For Goals Like Grad Party At Meo Financial Literacy Workshop 2

At the recent Teen Financial Literacy Workshop held at MEO in Wailuku, over 30 intermediate and high school students learned the importance of budgeting and saving for their goals. The workshop, taught by MEO Business Development Specialists Lianne Peros-Busch and Jaimie Dukelow, covered topics such as budgeting and savings, basic banking, job applications, and the importance of credit. The goal of the workshop was to provide the teens with the necessary skills and knowledge to make sound financial decisions and achieve their life goals. One exercise involved creating plans to reach short-term, intermediate, and long-term savings goals, including a graduation party for one student next school year. The workshop, funded by the Maui County Office of Economic Development, aimed to empower these young individuals to take control of their financial futures.

Teens learn value of saving for goals, like grad party, at MEO Financial Literacy Workshop

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Workshop Overview

Welcome to the Teen Financial Literacy Workshop! This two-day workshop held at the Maui Economic Opportunity (MEO) in Wailuku is designed to teach intermediate and high school students the importance of budgeting and saving for their goals. Led by MEO Business Development Specialists Lianne Peros-Busch and Jaimie Dukelow, this workshop aims to provide teens with the skills, tools, and knowledge to make sound financial decisions and achieve their life goals.

Attendance

More than 30 students attended the Teen Financial Literacy Workshop, making it one of the larger workshops for the program. The workshop was offered at no cost to the attendees, thanks to the funding provided by the Maui County Office of Economic Development.

Topics Covered

Throughout the workshop, students learned about various topics related to financial literacy. These included budgeting and savings, basic banking, applying for jobs, understanding credit and its importance, and more. The workshop aimed to provide a well-rounded understanding of personal finance and equip students with the necessary knowledge to make informed financial decisions.

Teens learn value of saving for goals, like grad party, at MEO Financial Literacy Workshop

This image is property of media.mauinow.com.

Goal of the Workshop

The overarching goal of this workshop is to empower teens with the skills and knowledge to make sound financial choices. By teaching them the importance of budgeting, saving, and understanding credit, we aim to set them up for financial success in the future. Our goal is to help teens develop a strong foundation for achieving their life goals, whether it’s saving for a graduation party, college tuition, or their first car.

Exercise: Creating Savings Plans

One of the exercises during the workshop involved creating savings plans to reach short-term, intermediate, and long-term goals. Students identified short-term goals such as purchasing basketball shoes and a baseball bat. A long-term goal identified by one of the students was saving for a graduation party in the next school year. This exercise encouraged students to think about their financial goals and develop actionable plans to achieve them.

Short-term savings goals

Short-term savings goals are usually goals that can be achieved within a year or less. These goals can include purchasing items you want or need, saving for a special occasion or event, or building an emergency fund. By setting short-term savings goals, you can develop healthy spending habits and avoid impulsive purchases.

Long-term savings goal

A long-term savings goal is a goal that takes more time and effort to achieve. Examples of long-term goals include saving for higher education, buying a house, or starting a business. By starting early and consistently saving for these goals, you can build a solid financial foundation for your future.

Funding for the Workshop

The Teen Financial Literacy Workshop was made possible with the support of the Maui County Office of Economic Development. Their funding allowed us to offer this workshop at no cost to the attendees, ensuring that financial literacy education is accessible to all students.

Instructors

The workshop was led by MEO Business Development Specialists, Lianne Peros-Busch and Jaimie Dukelow. With their expertise in financial literacy and passion for empowering young people, they created an engaging and informative learning environment for the students. Their dedication to teaching financial skills and knowledge was instrumental in the success of the workshop.

Testimonials from Attendees

Here are some testimonials from students who attended the Teen Financial Literacy Workshop:

  • “I learned so much about budgeting and the importance of saving. This workshop has inspired me to start saving for my future goals!” – Amy, 16

  • “The instructors were amazing! They made complex financial concepts easy to understand and provided practical tips for managing money.” – Jake, 17

  • “I never realized how important credit was until this workshop. Now I feel more confident in making informed financial decisions.” – Sarah, 15

The positive feedback from the attendees highlights the effectiveness of the workshop in teaching valuable financial skills.

Related Articles

If you’re interested in further expanding your financial literacy knowledge, check out these related articles:

  • “30 Maui teens learn about budgeting, credit, and more at financial literacy workshop” – Provides insights into another successful financial literacy workshop held in Maui.

  • “MEO Holds First Session of Teen Financial Literacy Workshop” – Details the first session of the Teen Financial Literacy Workshop organized by MEO.

  • “MEO BDC offers Money Matters Adult Financial Literacy Workshop” – Explores the adult version of the financial literacy workshop offered by MEO.

You can find these articles online or through our workshop resources for additional reading.

Contact Information

If you have any questions or would like to learn more about future workshops, feel free to reach out to us:

We look forward to assisting you on your journey to financial success!