7 years of making money moves
7 years of making money moves
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The Houston Metropolitan Chapter of the Continentals Societies Inc. (HMCSI) in conjunction with the World Youth Foundation (WYF)’s Young Innovative Incubator Program (YIIP) is co-hosting a Virtual Financial Literacy Summit – “Make Money Moves”.
The Houston Metropolitan Chapter of the Continentals Societies Inc. (HMCSI) in conjunction with the World Youth Foundation (WYF)’s Young Innovative Incubator Program (YIIP) is co-hosting a Virtual Financial Literacy Summit – “Make Money Moves”.
This is HMCSI’s 7th year to provide this fun, engaging and important program to children in the greater Houston area.
Children in grades 8-12 can learn the basics of managing money, spending, saving and more.
The program is interactive and places children in the driver’s seat when it comes to making life choices about money. Don’t miss the hour of fun learning!
Making MOney Moves
Making MOney Moves
Joel Philistin is the Financial Wellness Program Director at the University of Pittsburgh. Prior to that, Joel worked as a Financial Coach at Houston Community College and Financial Literacy Educator at the College of the Mainland.
Joel learned the importance of managing money during his college years and while working in the banking industry. His goal is to help students and his community avoid the financial mistakes he made and help students gain financial success.
What is
What is
Financial Wellness
Financial Wellness
“Financial wellness represents being equipped with the knowledge, skills and resources to make informed financial decisions. The financial decisions that college students make today can impact them well beyond graduation. Our program goal is to give our students the tools to build a strong financial foundation for now and after graduation.”
---- Joel Philistin
For many students, college is the first time that young adults begin to earn money. Managing money all begins with budgeting. A budget is making a plan how you will spend your money over a specific time period. That way you won’t go broke. Check out the links here to learn how to budget.
Check out the information below on saving and strategies to save below.
Saving is storing money for the future or for an emergency. Saving can help us to invest in a business, purchase a big-ticket item (car, home, vacation), or simply be prepared for an emergency.
With every paycheck, we should save a portion of our income. It is suggested that you save at least 10% of your income per month. If you can’t start with 10%, its ok. Start off small.
Credit is the ability to borrow money from a financial institution or lender.
Credit is based on the trust that a borrower will repay what they have borrowed.
Lenders use credit reports and credit scores before approving potential borrowers for a loan/credit.
A credit report is a report card of how well does a potential borrower pay others back. If a borrower doesn’t pay lenders back, this lowers their credit score and the borrower becomes a risk. Check out our resources on credit.
Scholarships are available to help students pay for college. Scholarships come from private organizations that hope to help students graduate based on numerous reasons. A few of those reasons include specific majors, geographical region, academic performance, and more.
Most of the time, you will have to complete an application and essay to apply. You can find scholarships through scholarship search engines. We posted some helpful info below.
Fastweb - Search Engine Avoid Scholarship Scams Houston Rodeo Scholarships
Cappex - Search Engine Transfer Scholarship
Compound interest - meaning that the interest you earn each year is added to your principal, so that the balance doesn't merely grow, it grows at an increasing rate
Use the calculator from NerdWallet to set a goal today that will payoff in the future.
Let it grow with Compound Intrest
Let it grow with Compound Intrest
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