What is Driving Your Budget?
Author: Hannah Henry
Published: Tuesday, 21 Nov 2017
What information is typically requested on a car loan application?
This is one of the questions teens find when they start the Financial Test Drive, presented by Junior Achievement (JA) and American Honda Finance Corporation (AHFC).
Through research conducted for JA and AHFC, 76 percent of teens between 15-17 believe they are confident in understanding the financial responsibilities of vehicle ownership while 85 percent of parents with children 15-17 believe their child does not understand these concepts.
So how is one to learn the importance of personal finance?
"Vehicle ownership is often a teen's first real-world experience managing their own money," said David Paul, senior vice president, American Honda Finance Corporation. "The important lessons learned at this stage in their lives will help them manage their responsibilities today, as well as help them succeed in their future financial obligations and aspirations in life."
Are you up for the test? Click HERE
Amy Kneesey, Vice Chairman of the Brevard County School Board
"It’s a way to expand our curriculum without having to put out more resources. That’s a win for everyone."
Beth Westfall, Assistant Principal West Side Elementary School
"JA is relevant to my school, more so now than ever."
Hilah R. Mercer, Principal Cambridge Elementary Magnet School
"Junior Achievement is an outstanding, motivating program for our elementary students. Several of [our teachers] had JA volunteers last year and all had great praise for the program"
Michael Johnson, PhD, UCF Professor, College of Education
"I have long believed that this JA experience is so valuable for our UCF students and that actually it is a rare win for all experience, the UCF students, the school teachers, the school students, the UCF Education Profs, and the JA sponsors."
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