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Financial Fitness Program
By providing progressive financial training and offering potential matched savings
assistance to our youth who demonstrate the required behavior, JIT's Financial Fitness
program gives participating youth the necessary working understanding of budgeting,
banking, savings, and investments.
JIT Financial Fitness Asset Advisors work with youth to further
their financial training through practical advice and guidance as they gain skills
and opportunities to build savings and make smart purchases. Advisors also take
a personal interest in increasing youth self-sufficiency.
While most young people can ask their parents or family for advice regarding cars,
housing, and the like, our transitioning foster youth often don't have that support
system. JIT Asset Advisors help individual youth or groups with essential skills
on how to manage their assets. Most typical assets our youth need advice with include:
- Cars: purchasing, insurance, maintenance, registration, loans, payments, etc.
- Housing: rental contracts, dealing with landlords and roommates, maintenance, purchasing
- Healthcare: insurance options, payments, dental, vision, general information
- Savings: available choices with best options and returns
Success in this program is defined by measurable outcomes including:
- Creation and maintenance of a consistent budget over time
- Set-up of bank account with incremental savings over time
- Reduction of credit card debt
- Increased savings and assets over a 1-year period
- Ongoing connection to a JIT Champion volunteer over the length of participation
Asset Advisors Needed: Medical insurance; Rental contracts
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