money $mart: bringing financial literacy to california classrooms.
Certified public accountants know better than most financial illiteracy epidemics.
In fact, it was difficult to find a California certified public accountant, and he was surprised :[
Average credit card debt for young people (age 25-34)
Increased by 55% over the past decade to $4,088, with an average credit card debt of 18-to 24-year-
* 2006 The Retirement Confidence Survey found that most workers who did not save for retirement did not save at all;
* The savings rate of American consumers continues to remain unchanged;
* Nearly 24% of undergraduates report paying tuition fees using credit cards;
Or * in #1.
3 billion of US credit card holders went bankrupt.
For these reasons, the CalCPA and The CalCPA Institute have made positive progress in addressing financial illiteracy and providing personal financial education.
While the epidemic is far from being eradicated, with the financial literacy initiative of calcpa approaching four
On the first anniversary, CalCPA member volunteers have reached more than 20 California people ---
Including 10,000 in 2006.
Financial literature and educational venues are located from the high center and the Legislative Hall to the streets of Los Angeles and the Sacramento Convention Center.
The most effective place to spread the word so far is California\'s high school classroom.
In 2006, CalCPA member volunteers presented personal finance courses to nearly 7,000 students.
\"Certified Public Accountants who volunteer at school provide incredible value,\" said John McWilliams, a professor of accounting at the University of California\'s financial literacy committee and San Francisco State University.
\"Helping young people to be prepared to take care of themselves and their families is a public service with the possibility of access to a large number of primary and secondary benefits.
\"Walking out of the office and into the classroom is the time for Certified Public Accountants to voluntarily dedicate their precious time to the success of the financial literacy program ---
And the national model.
CalCPA has more than 800 volunteers.
\"The hard work of members and staff of CalCPA has led to incredible progress in high school students,\" said SaysMcWilliams . \".
Each volunteer is trained in three areas of personal finance before a high school visit-
Budget, credit, savings and investment.
Except for one-on-
One-on-one training, half provided by CalCPA
One-month training for all volunteers.
The training provided a forum for volunteers to exchange experiences and ideas.
Volunteers were given basic courses and provided ideas for teaching, but encouraged to personalize each presentation and remain relevant to the audience.
\"I found that if you use examples, students will show more interest,\" volunteer Jennifer Riva said . \"
Kirk, certified public accountant, showed his high school in San Jose in March.
Often the most effective examples are those that show how to save and invest early and often in order to get a huge return later.
Compound is a big blow, says Riva.
Kirk, president of Robert R. Redwitz & Co.
An accounting and consulting firm in Campbell
\"They are very interested in how to make money.
\"Some volunteers use incentives such as candy or money to encourage classroom participation.
Volunteer Todd Landry is a CPA and partner at Eadie & Payne LLP, Ontario, who uses chocolate coins as a reward for his financial knowledge quiz.
CPA Bruce Kajiwara of financial network investment
At Sacramento, students at huram Johnson High School paid a $2 bill and they got the right answer.
Others use creative ways to deliver concepts, such as pulling newspapers and building real
Plan the living budget of the elderly who leave alone after graduating from high school.
Public communication between volunteers and teachers is another key to a successful visit.
Teachers can provide volunteers with meaningful insights about their students and the appropriate level of delivery of information.
In addition, pre-visit contact helps eliminate any stress or anxiety associated with walking into an unfamiliar environment.
Volunteers can customize their visits based on information such as class size, academic level, grade and behavioral orientation.
Since the CalCPA program includes the teacher section, teachers are also able to better prepare for student visits.
Ventthrift & Biller LLP, a partner at Ventura, certified public accountant volunteer RockyLudes, noted that there was a problem with a class before his speech.
In the early days of the CalCPA financial literacy initiative, eager volunteers were encouraged by long-term financial literacy advocates such as CPA Stan Breitbard to \"not reinvent the wheel\", a tired partner from PricewaterhouseCoopers. As then-
Breitbard, chairman of the brefornia Jump $ tart alliance, encouraged his colleagues to meet with others in the field of financial literacy and to look for opportunities for cooperation and cooperation.
This suggestion proved to be of great value.
When CalCPA expanded its successful CPA career visit in high school for the first time, including financial knowledge, the speaker used both dollar and sensory material.
USD & Sense (www. calcpa. org/dollars)
The ACalCPA Institute project is at a workshop where a panel of Certified Public Accountants experts provides information on various topics of financial knowledge, followed by a Q & A session with the audience.
Workshop participants appreciate the opportunity to get free financial advice from CPA experts who have not tried to sell anything to them.
While Dollars & Sense continues to be a huge success in adult education, the program does not work in high school.
Enter Angie Grainger of Santa Rosa
CPA based on Moss Adams.
For calpa\'s Committee on Financial literature, Grainger is still quite new, and he meets a high school course written by the National Financial Education Foundation.
She was impressed with the material, so she introduced them to a local project she was involved in-Youth Business Week.
From there, the materials were introduced to the staff of The CalCPA, who worked with NEFE to try to integrate the materials into the efforts of the CalCPA.
As NEFE wiwiwikidner, in the fall of 2007, CalCPA will be a key role in promoting intensive high school programs across the state.
Come to a school near you, each financial literacy class is tailored to the time limit of a class meeting, ranging from 45 minutes to 90 minutes.
A typo is about 50 minutes.
While the NEFE high school financial planning program covers six units, CalCPA volunteers can provide a combination of one class, all, or any class.
The goal is to have the teacher cover any material not covered by the volunteers.
Each CalCPA visit, the student receives a copy of The NEFE Student Guide and The CalCPA award Quest
The award-winning magazine provides clear guidance for CPA career and addresses financial literature elements such as wealth management, credit, savings and investment.
Both teachers and volunteers have received a comprehensive course guide that provides a wealth of activities to extend learning beyond six lessons.
Guide teacher Gussie Powe, Huntington Park High School, hadstudents wrote reports of selected articles after a visit by the CPAFFC.
CalCPA staff provides CPA access to more than 1,000 public and private high schools each year.
Although teachers of English, math and life skills also require access, teachers of economics and business are the most common participants in the program.
Teachers can request financial literacy access by fax, phone or emailmail.
Then, look for a volunteer according to the location.
Once avolunteer matches a school and the contact is confirmed, a date will be coordinated between the parties.
Before the visit, CalCPA and NEFE shipped all the necessary materials directly to the school.
After the course, volunteers are asked to provide feedback to help future volunteers.
Asked about her budget presentation at High Tech High School, Patti Capell said: \"We had a great time and look forward to doing it again . \".
\"Count me among your regulars. We (
Frank limerman. LLP)
There are many young, talented delegates who want to give back to the community in this way.
\"The profits of the project continue to flourish and the enthusiasm of volunteers, teachers and students comes with it.
\"I may have found my phone!
Certified public accountant volunteer Angie Bhasin said after completing her first financial knowledge visit. Van Nuys-
Howard Levin, certified public accountant, said, \"Of course it\'s interesting ---
Hope the students feel the same way!
\"The students responded positively to the project.
\"The kids are engaged and I feel like a lot of people really took something away,\" says Patrick pevelchick, a high school teacher at Mesa Verde . \".
Finish more than one
SamanHasmat, a senior at Sacramento Shelden High School, reflected in the financial literacy class, \"At school, we were taught classroom skills, but in this class, we are inspired by life skills that we are not familiar.
\"This experience is not only beneficial to students, but also an educational and rewarding experience for teachers.
Galpa volunteers Beth Symons, CPA, Symons accountant of Galt, teacher Carrie Menlab said after visiting, \"You inspired me to make some financial changes in my personal life as well.
\"Future CalCPA members may never completely eliminate financial illiteracy, but through high school visits and the efforts of other CalCPA institutes, member volunteers are constantly raising awareness and providing information, tools and resources that drive California toward a more economic future.
For more information about the project, or register as avolunteer, please visit www. calcpa.
Organization/member/knowledge/outreach for Crystil or contact crystil Turner. turner@calcpa. org or (650)802-2494.
Crystil Turner is the community development manager for CalCPA.
You can find her in crystil. turner@calcpa. org.
Related article: This little pig is hungry and you don\'t need to spend money on a new plasma apartmentscreenTV;
Feed the money to the pigs.
The money you spend on Starbucks coffee every morning?
Let the coffee go home, feed the pigs and watch your savings grow.
No matter what your life\'s questionable spending is, remember: pig ishungry.
These are the messages delivered by feed pigs, a major public service campaign that is the result of collaborative efforts by the advertising commission, AICPA and the National Association of Certified Public Accountants.
The event is designed to encourage 25-to 34-year-olds to save.
The \"spokesperson\" for the campaign is Benjamin banks, a savvy, personified pigredi, who makes some suggestions on how to save money for the future-and why.
Pig feeding website, www. feedthepig.
Org, which includes the top 10 ways to save, various calculators showing tomorrow\'s ability to save today, and links to various other resources ---IncludingCalCPA. org--
Help consumers make informed financial decisions.
While getting free advertising space is a challenging public service, billboards, bus shelters posters, television and radio advertising reports from across California and across the country are pouring in.
Maybe you \'ve seen a billboard that says, \"if the money in your pocket burns a hole, it\'s not the new pants you need.
\"The campaign aims to get a little nervous and get 25-to34-year-
People think about saving and eventually turn these ideas into actions.
CalCPA member Loni Ang is a CPA of the campaign\'s population and he is a huge supporter.
\"The pig feed ads are a great reminder of what we need to think about every day,\" she said . \".
\"When you actually own the money, it\'s hard to resist buying, or remember to put the money in your\" Piggy Bank. \" Ang, a 33-year-
Citigroup Smith Barney\'s old financial adviser in Los Angeles is a staunch supporter of personal finance education.
She is a special speaker in financial management at the University of Southern California and has been involved in a program at the University of California\'s Institute of Finance and perception.
She will introduce wealth management at the CalCPA young and emerging professional conference inMay. --Damien B. M.
English related articles: in addition to the school CalCPA Institute\'s efforts to educate California people on how to better manage their finances, the school CalCPA Institute is well beyond the classroom and is expanding forever.
So if showing high school students that it\'s not your business, volunteering to work with college students, serving the tax hotline, providing pro bono tax preparation services, serving in non-profit organizations, working with the media, or sit on the dollar & Sense panel.
Contact Crystil Turner of crystil for more information. turner@calcpa. org or(650)802-2494.