This morning, BBA Summer Jobs students participated in “Buying a Car,” a module of the BBA’s M. Ellen Carpenter Financial Literacy Program. This module is just one session of the four part program, which teaches high school students about the importance of making informed decisions regarding their finances. The program has set records this year, reaching more than 1,300 students across Massachusetts. Here’s another incredible stat: the program provided financial literacy education to more students during the 2013 program year than it reached in all of its previous years combined, 2005-2012. This incredible growth is thanks to the BBA’s volunteers and the quality of its programming.
Here is what she had to say about this morning’s session:
“The session had me thinking about all of the possible expenses when buying a car including gas, insurance, and the payments. I’m not saying I won’t buy a car, but I now know that I need to be more financial stable before purchasing one.”
In mid-August, the Summer Jobs students will visit the U.S. Bankruptcy Court for the final module—Consequences—to learn about the repercussions of poor financial decision-making.