Financial Literacy and Individual Development Account (IDA) Program
Our Financial Literacy program is offered to teach youth about banking, savings, and credit. The program features an Individual Development Account (IDA) that offers youth the opportunity to have their savings matched. They learn to better manage and save money in order to build assets for financial stability. Trainings are provided by Certified Financial Planners who are members of the Financial Planners Association. The matched savings program offers young adults a maximum of up to $1,000 per year in matched monies. The length of time a youth can participate is based on availability of funds.
Advanced trainings are available in a variety of topics. These trainings are provided by financial experts and Certified Financial Planners who are members of the Financial Planners Association. Topics include:
- Improving your credit
- Making a vehicle purchase
- Paying for college
- Renting and apartment
To learn more about the DFCS/Financial Planners Association partnership and the importance of financial literacy for youth, follow this link to a short video produced and funded by the Financial Planners Association featuring a former foster youth from Santa Clara County: