Youth Gain Financial Skills in Urgent Life Skills Class

UPDATE: Participants at a recent Life Skills class in Great Bend have gained crucial financial literacy skills, leaving with actionable plans for their financial futures. Laura Mason, community case manager at Juvenile Services (JS), reported that attendees began the session without financial goals but departed with newfound ambitions, including starting savings accounts and setting long-term targets for major purchases like homes and cars.

The class, held on October 10, 2023, introduced participants to the 50/30/20 rule, a budgeting technique that allocates 50 percent of income to needs, 30 percent to wants, and 20 percent for savings or debt repayment. “We aim to equip our JS clients with essential tools to build confidence and navigate adulthood challenges,” Mason stated. The program is part of ongoing efforts to foster independence among youth in Barton, Rice, Ellsworth, Stafford, and Russell counties.

In an engaging session, Jennifer Harman, bank manager at BMO Bank, emphasized the importance of early financial literacy. “Developing strong financial habits now sets young people on the path to success,” she noted, reinforcing Mason’s message about the course’s impact. Harman’s presentation covered key topics including budget maintenance, differentiating between wants and needs, and establishing effective spending goals.

BMO Bank’s financial programs aim to empower youth and underserved communities, promoting financial confidence and resilience. “Our goal is to help individuals achieve long-term financial success,” Harman added, highlighting the bank’s commitment to building stronger, inclusive communities.

The 20th Judicial District Juvenile Services continues to offer programs like Juvenile Intake & Assessment, Immediate Intervention, Intensive Supervised Probation, Case Management, and the Journey to Change initiative. They also provide resources for parents and guardians through The Parent Project.

This Life Skills class exemplifies a vital initiative in fostering financial literacy among youth, a crucial step toward economic stability and personal growth. As these young participants implement their new skills, the community anticipates seeing the positive outcomes of their financial education efforts.

For more information or to get involved, visit 1800 12th in Great Bend or call 620-793-1930. Stay tuned for further updates on the impact of this program and future classes aimed at enhancing life skills for youth in the region.