Northern California High School Students Given Opportunity to Learn How to
Manage Money
OAKLAND, Calif., July 1 /PRNewswire/ -- In an effort to promote financial
literacy among high school students, California Check Cashing Stores and
NetSpend Corporation, one of the leading providers of prepaid solutions in the
United States, are teaming up to offer a one-hour program on the basics of
personal finance to northern California high school students.
California Check Cashing Stores offers alternative banking services to the
unbanked and underbanked populations of Northern California by providing check
cashing, payroll advance, money orders, bill payment and other services.
California Check Cashing course leaders have presented the program to high
school economics and American government classes in San Jose, Sacramento and
East Bay. The one-hour presentation covers topics such as the power of
saving, the wise use of credit cards, prepaid debit cards, everyday financial
skills and how to set personal financial goals and create a budget. At the
end of the presentation, students receive additional materials in either
English or Spanish.
"This financial literacy program provides students with essential skills
they will need to take control of their money and set out to achieve personal
financial goals," said California Check Cashing CEO Rick Lake. "Through these
presentations to students, we are finding out just how much of a need there is
for this type of information."
The program also includes information on other financial tools available
to students, such as prepaid debit cards, which are more convenient than
carrying cash and have the security benefits of a card. Customers simply load
funds onto the cards at participating locations and can use them to make
purchases, pay bills, secure reservations and shop online without the need for
a bank account or credit history.
"More and more young people are discovering the benefits of prepaid debit
as a payment option," said NetSpend Chief Executive Officer Daniel R. Henry.
"These cards are an important tool in anyone's wallet because the cards
empower people to take control of their spending and budgets, helping bring
them into the financial mainstream where they can enjoy the convenience, the
security, the freedom and the features typically associated only with bank
accounts."
Beyond learning about financial tools, the university interns who deliver
the financial literacy course have found that the students, who are primarily
high school seniors, also have a lot of questions about paying for college,
how to invest money and plan for retirement.
"I didn't realize how much high school seniors think about personal
finance until I started giving these presentations," said Allyson Holmes, a
child psychology major at Pacific Graduate School of Psychology and a course
leader for the program. "The program has made me realize how much need there
is for this type of information in schools."
Holmes said that when she was in high school, this type of information was
not available, so she has learned a lot about how to prepare for her own
future. "This program has been beneficial to me as well," she said. "Teachers
also see the value of the information in helping students map their financial
futures. We are often invited back to deliver the presentation to other
classes."
California Check Cashing Stores and NetSpend continue to offer the program
to high schools in San Jose, Sacramento, East Bay, Stockton and Fresno. For
more information on the program, contact Rick Lake at (510) 834-2274 ext. 200.
Contact For California Check Cashing:
Rick Lake, CEO
California Check Cashing Stores
(510) 834-2274 x 200
Contact For NetSpend:
Meghan Butler
GCI Read-Poland for NetSpend Corporation
(512) 472-4122
About California Check Cashing Stores, LLC
California Check Cashing Stores (CCS) provides alternative banking
services to the unbanked and underbanked populations of Northern California.
CCS provides check cashing, payroll advance, money order, bill payment, and
other services at over 95 locations. The business began with the opening of
one store in Concord, California.
http://www.99payday.com
About NetSpend Corporation
NetSpend Corporation is the premier provider of innovative, accessible
prepaid debit cards that enable financial freedom for under-banked consumers.
Grounded by a mission of financial empowerment, NetSpend is committed to
meeting its customers' financial services needs on their terms while offering
the convenience, security and acceptance of conventional financial services.
NetSpend's proprietary processing platform allows it to support prepaid card
programs end-to-end from customer acquisition and card fulfillment to customer
service and risk management. The NetSpend(R) Prepaid Card Network includes
leading consumer brands and companies serving the un-banked and under-banked
markets, and its strategic relationships include card issuers, EFT networks
and payment card associations. For more information, visit
http://www.netspend.com.
SOURCE NetSpend Corporation
Rick Lake, CEO of California Check Cashing Stores, +1-510-834-2274, ext. 200;
or Meghan Butler of GCI Read-Poland, +1-512-472-4122, for NetSpend
Corporation
