Financial Literacy Archives - Junior Achievement of San Diego County http://jasandiego.org/blog/category/financial-literacy/ Empowering Tomorrow's Leaders Today Thu, 20 Mar 2025 18:07:10 +0000 en-US hourly 1 https://jasandiego.org/wp-content/uploads/2022/03/JA-Symbol-66x66.png Financial Literacy Archives - Junior Achievement of San Diego County http://jasandiego.org/blog/category/financial-literacy/ 32 32 Stock Market Simulation Shows Youth How to Grow Wealth https://jasandiego.org/blog/stock-market-simulation-shows-youth-how-to-grow-wealth/ Thu, 20 Mar 2025 18:07:10 +0000 https://jasandiego.org/?p=5197 JA San Diego Brings the New York Stock Exchange to Local Students Students participating in JA Stock Market Challenge Mar 12, 2024 (San Diego, CA) — Students experienced trading on the New York Stock Exchange through a stock market simulation competition hosted by Junior Achievement of San Diego County (JA San Diego). Presented by [...]

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JA San Diego Brings the New York Stock Exchange to Local Students

Students participating in JA Stock Market Challenge

Mar 12, 2024 (San Diego, CA) — Students experienced trading on the New York Stock Exchange through a stock market simulation competition hosted by Junior Achievement of San Diego County (JA San Diego). Presented by Mission Federal Credit Union, the 2025 JA Stock Market Challenge brought nearly 150 students from across the San Diego region to compete in building mock portfolios over a simulated 60-day trading period in the market.To prepare for the event, over 400 students participated in JA curriculum that teaches the fundamentals of the stock market and how to develop long-term investing strategies.

“My students were interested in learning about investing. Money is motivating, so they wanted to learn more about the stock market and how it works and how it could benefit them in the future,” said Breanne Ulloa, educator at King Chavez Community High School. “Once they started playing the simulation, they really got excited about how it works. They’re having fun and it’s real world.”

The experience aims to demystify the stock market by providing young people an opportunity to learn how to invest in a risk-free learning environment that prepares them to manage their personal finances as they enter adulthood. Through hands-on practice, young people become more familiar and confident in developing investing strategies and navigating the stock market.“This will help us like learn how to save, how to plan, and help us try to invest in stocks. This will help us like in the long run in how to finance our stuff better,” said Kirenia H., a junior at Hoover High.

Now equipped with the tools and knowledge on various financial vehicles and ways to grow wealth, students have begun to consider ways they can plan for their financial futures.

“I’ve already had some senior students talking about opening a CD. They want to put aside dollars that they know that they can not touch. They want to put that into an account so that it can start to earn them more money,” said Ulloa.

This year’s JA Stock Market Challenge champions were from CETYS in Tijuana, Mexico and O’Farrell Charter School secured second place.

About Junior Achievement of San Diego
Junior Achievement of San Diego (JA) has been inspiring and equipping San Diego youth to achieve economic success by planning for their futures and making informed academic and career choices since 1950. By deploying proven, experiential programs like BizTown program, JA also reaches more than 30,000 students annually through programs such as BizTown, Finance Park, and the JA Company program which help students build financial literacy, work-readiness, and entrepreneurship skills. Annually, more than 4,000 volunteers serve as role models and enable JA to deliver experiential programs to students in 42 county school districts.

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5 Achievable Financial New Years Resolutions For 2022 https://jasandiego.org/blog/5-achievable-financial-new-years-resolutions-for-2022/ Tue, 04 Jan 2022 01:35:24 +0000 http://jasandiego.org/?p=296 The start of the new year is the perfect time to set goals for improving your personal finance. It is important to know what your financial standing is and have a financial plan for your future. Establishing good financial habits and creating a financial plan sets you up for success. Here are five financial New [...]

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The start of the new year is the perfect time to set goals for improving your personal finance. It is important to know what your financial standing is and have a financial plan for your future. Establishing good financial habits and creating a financial plan sets you up for success.

Here are five financial New Year’s resolutions and how to achieve them.

1. Pay yourself first.

When you receive your paycheck, put aside money for yourself before spending it on anything else, including bill and groceries. This will help you prioritize long term savings and avoid the temptation of unnecessary purchases in the short term. Your savings can go towards your savings account, emergency savings, or IRA and 401(k) retirement accounts.

To figure out how much you can afford to save, take a look at all your expenses. See how much can  afford to put away each month. A good guideline is saving 15-20% of your monthly income. This may not be possible for everyone. Regardless of how much you are saving, it is still very valuable to put aside any amount into your savings.

2. Cut out excess spending

With automatic payments, we can easily forget how many subscriptions we’ve signed up for. While many subscriptions have a low monthly cost, it can add up over time. Take an inventory of your subscriptions from gym memberships, news subscriptions, and streaming services like Hulu and Spotify. If you no longer use the service or product, cancel your subscription to save money. You can always resubscribe in the future if you change your mind later.

Today, people, especially the younger generation, eat out frequently rather than brining a lunch or cooking diner at home. Making your own food will save you money and is typically better for your diet as well. While cooking can take more time out of your day, your wallet will be thanking you later.

Be mindful with your purchases. Avoid the temptation of impulse shopping. Only buy products and services you truly find valuable.

3. Start investing

Investing can grow your money and outpace the rate of inflation. This means you are actually increasing your purchasing power. When it comes to investing, time is on your side. The earlier you begin to invest your money and the longer you let it sit, the higher your return will be.

If you are a beginner, the world of investing can feel daunting. Today, there are tons of amazing and free resources to help people get started. Online brokerages and apps have made investing more accessible to the public. And you can always consult with a financial adviser who can help you create a financial plan based on your life goals. They can guide you on making the types of investments that best suits your needs.

4. Create a budget

Creating and sticking to budget can help you manage your money and track your expenses. A popular budget strategy follows the 50/30/20 rule. This means that 50% of your income goes towards necessary expenses like housing, groceries, gas, etc. Your wants should account for 30% which includes new clothes, eating at a restaurant, going on a night out, etc. The remaining 20% should be put into savings which could be emergency savings, retirement, or another savings goal.

Once you establish a budget, track your expenses throughout the month to ensure you are sticking to you plan and not overspending. You can always make adjustments to your budget as needed.

5. Use financial apps to help with money management

Online banking and finance mobile apps are growing in popularity. Most banks now have apps where you can check your balance, pay bills, transfer money, and more. Brokerages have apps where you can invest and trade in the stock market yourself. There are also apps for budgeting that track your cash flow throughout the month. You can see where you are overspending and find ways to cut back. All of these apps are tools that can help you reach your financial goals.

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Breaking Down the Cost of College https://jasandiego.org/blog/breaking-down-the-cost-of-college/ Wed, 08 Sep 2021 00:20:22 +0000 http://jasandiego.org/?p=265 A college education is incredibly valuable. According to data from the U.S. Bureau of Labor Statistics, the average salary of college graduates is $64,124 compared to the average salary of $38,792 for individuals with a high school diploma. Not only can higher education lead to higher earning potential in the future, but the unemployment rate is [...]

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A college education is incredibly valuable. According to data from the U.S. Bureau of Labor Statistics, the average salary of college graduates is $64,124 compared to the average salary of $38,792 for individuals with a high school diploma. Not only can higher education lead to higher earning potential in the future, but the unemployment rate is lower for people with higher education levels. College is additionally a wonderful way to build connections and network with others in your field. Attending college can be highly advantageous, however, it comes with a huge price tag. 

According to a 2021 College Board report, the average cost of attending a public school as an in-state student is $26,830 and costs $43,280 for out-of-state students. Private schools have an average total cost of $54,880. It is important to note that these prices are just averages. The cost of college for each individual student varies greatly and is influenced by a range of factors. 

In celebration of College Savings Month, we’ll break down the cost of college and give some tips on how to save up. 

How much will college cost me? 

There are multiple components that contribute the total cost of college, particularly whether you attend a private or public school and whether you live on campus or at home. There are five main categories that make up the total cost of college: tuition and fees, room and board, books and supplies, transportation, and personal expenses.  

Tuition & Fees: 

The tuition is the cost of the courses offered by the university. Public school tuition for in-state students is typically the most affordable option. According to USA News, the average cost of tuition in the United States for in-state public school students is $9,687. Out-of-state students at public schools will be charged a higher tuition rate than in-state students with an average cost of $21,184. Private schools have an average tuition cost of $35,087. 

Fees are extra costs students are charged for that go towards facilities and resources. Fees are often mandatory, although occasionally you may be able to waive certain fees. Common types of college fees include library access fees, orientation fees, technology fees, and wellness facility fees. The total amount of fees is different for each school and can change from year to year.  

Room & Board: 

Living at home with parents is the most affordable option, but that is not an option for everyone. If you choose to move too far away to commute to campus or choose to move out of your parents’ house, you will need to find housing on- or off-campus.  

Many colleges mandate freshman to live on-campus in dormitories. The cost of housing varies depending on what college you attend and which type of plan you select. They offer plans with different pricing depending on factors such as how many roommates you will have, the quality of the residential hall, and the type of meal plan selected.  

Books & supplies: 

Most courses will require you to obtain extra materials such as textbooks. Purchasing a textbook can be expensive. Many students will choose to rent their textbooks through their school library or third-party services which is typically cheaper than buying a textbook outright. Other supplies students should consider include notebooks, writing utensils, and printing services. 

Transportation: 

Students will have to factor in the costs of driving or flying to campus, as well as any trips back home over breaks. While at school, students will need to evaluate the cost of gas and car maintenance, ride sharing apps, or public transit if they wish to visit other areas off-campus. Students parking on campus will likely need to pay for a parking pass each semester or school year. Transporation costs vary depending on the mode of transportation and the location. 

Personal Expenses: 

Personal expenses entail any other costs you will incur during your time at college from clothes to phone bills, to laundry, to eating out. It is easy to underestimate these costs prior to attending college, but once you are there you will realize you will want to spend money. Be sure to budget for these costs in advance. 

How do I pay for college? 

Savings: 

Get a part-time job while in high school and save a portion of each paycheck for college. Put that money into high-yield savings accounts where it will grow with interest. A part-time job won’t pay for college completely, but it can potentially cover a good portion of the total cost.  

If it is manageable to balance work, school, and other responsibilities, consider continuing part-time work while in college. Most schools offer on-campus jobs for students with flexible hours to accommodate for college course schedules. 

Financial Aid: 

It is highly recommended for all students to complete a Free Application for Federal Student Aid (FAFSA), even if they don’t think they qualify for aid. While you may not receive money from the federal government, you could still be eligible for grants, work-study programs, or school and state aid. 

Loans: 

Loans are offered through the government and private organizations. Loans must be paid back in full as well as the interest that accrues. Students should take out federal government loans first. It is advised to take out private loans only if necessary because private loans often have higher interest rates. Shop around and price check multiple private loan companies before making any final decisions. 

Scholarships & Grants: 

Students can apply for scholarships and grants, which is money that does not have to be paid back. Some schools will offer scholarships simply based off academic performance in high school. In most cases, you will have to fill out an application and possibly write an essay on the provided prompt. There are many organizations locally and nationally that offer scholarships as well. 

Final words of advice 

College is a major investment. The huge costs can be intimidating, but it can be manageable as long as you plan ahead and consider all the costs involved with attending a higher education institution. Every student and family will have different circumstances and financial needs, so no one plan for paying for college will look the same. 

Talk to a counselor at your high school and the college you hope to attend. They can help you navigate paying for college and direct you to resources that could be of interest to you. Conduct your own research online to calculate your personal costs for college and to find other resources that may be of value. 

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