Ambassador Will Promote Financial Literacy to Teens Nationwide
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SAN FRANCISCO--(BUSINESS WIRE)--Eighteen-year-old Tory Myles of Washington, D.C., has been chosen for the prestigious honor of serving as National Ambassador for Boys & Girls Clubs of America’s Money Matters: Make it CountSM program. As 2009 ambassador, Myles will apply her enthusiastic personality and persuasive style to promote financial literacy among her peers at Boys & Girls Clubs throughout the nation.
Through Money Matters, the high school senior and member of the Boys & Girls Clubs of Greater Washington (D.C.) has become skilled at making smart financial decisions–including opening and maintaining checking and savings accounts, calculating how to afford a mobile phone and packing her lunch instead of buying it every day. Myles has also secured two part-time jobs—one as a legal intern and the other as a Boys & Girls Club Junior Staff member.
In fact, at her Boys & Girls Club, Myles began teaching Money Matters to pre-teen friends enrolled in the Club summer camp. “I wanted to give back what I’d learned to the younger group,” Myles explains.
Myles also received a $5,000 scholarship from Charles Schwab Foundation, sponsor of the Money Matters program. Fifteen additional Boys & Girls Club teens were each awarded a $2,000 college scholarship from the Foundation for their achievement in gaining money management knowledge and skills.
A good example is the best teacher
Much of Myles’ inspiration and success can be sourced to her Boys & Girls Club. Asked who most inspires her, Myles quickly responds, “Miss T [Tamika Joyner], my teen director – she’s so powerful and encouraging. She motivates so many teenagers to make the right decisions.”
She also cites Joshua Carter, the 2008 and first-ever Money Matters Ambassador. “I met Josh at the Boys & Girls Club summer program. We connected and became very good friends. Before he graduated, he told me about the ambassador program. I learned how he was using that scholarship for school, and he inspired me to do the same.”
Myles has already been accepted at five colleges, and is looking forward to making a selection and beginning her freshman year in the fall. “Before Money Matters, I didn't realize that if you receive financial aid, you have to pay it back,” she says. “So I applied for more scholarships so I can cut back on loans.”
The power of positive peer pressure
“Tory embodies the power of positive peer influence,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “Last year’s ambassador, Joshua Carter, inspired her by communicating the benefits of financial education. And Tory stated in her application a desire to ‘pay that forward,’ saying that her first step as ambassador would be to ‘find 10 of my friends at school and invite them to my Club.’ This young lady has a natural ability to express ideas and to generate enthusiasm among her peers.”
“By her own admission, Tory was shy when she joined the Club,” said BGCA President Roxanne Spillett. “But she became a very active participant in several Club programs, and her passion for Money Matters was evident from the start. Tory’s ability to teach younger Club members the basics of Money Matters makes this a true, generation-changing program.”
Full list of Money Matters college scholarship recipients:
About Money Matters: Make It Count
Funded by Charles Schwab Foundation, Boys & Girls Clubs of America’s Money Matters program is designed to promote money management skills among teens, ages 13-18. The program consists of fun, interactive activities and exercises on topics such as using a checking account, managing debt, saving for college and learning the basics of investing. The program is available to all Boys & Girls Clubs that serve teens and is targeted primarily at teens from underserved communities. Since it was launched in 2003, more than 120,000 teens in 1,100 Boys & Girls Clubs across the U.S. have gone through the program.
About Boys & Girls Clubs of America
For more than 100 years, Boys & Girls Clubs of America (www.bgca.org) has been changing and saving young lives, providing hope and opportunity for kids who need them most. Today, some 4,300 Clubs serve some 4.8 million young people through Club membership and community outreach. Known as The Positive Place for Kids, Boys & Girls Clubs can be found all across the country and on U.S. military bases throughout the world. Clubs provide young people 6-18 years old with guidance-oriented character development programs conducted by trained, professional staff. In communities large and small, Clubs positively impact lives and help young people reach their full potential as productive, caring citizens. Key Boys & Girls Club programs emphasize leadership development; education and career exploration; community service; financial literacy; health and life skills; the arts; sports, fitness and recreation; and family outreach. In a recent Harris Survey of Club alumni, 57 percent said the Club saved their life. National headquarters are located in Atlanta.
About Charles Schwab
The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.4 million client brokerage accounts, 1.5 million corporate retirement plan participants, 468,000 banking accounts, and $1.1 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.
About Charles Schwab Foundation
Charles Schwab Foundation is a private, nonprofit organization funded by the Charles Schwab Corporation. Its mission is to create positive change through financial education, philanthropy, and volunteerism. More information is available at www.aboutschwab.com/community. (0209-7268)
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