UPDATES FROM TREASURER TISHAURA O. JONES
Last year, we launched the College Kids Children’s Savings Account Program. We opened over 3,000 college savings accounts for kindergartners enrolled in City of St. Louis public and charter schools. The accounts are automatically seeded with a $50 deposit from the Treasurer’s Office. To date, with bonuses, incentives, and family deposits, College Kids have total savings of more than $200,000. Enrollment for this school year is underway, and we are opening 2,603 college savings accounts for kindergartners across the city!
In the spirit of giving this season, we ask you to consider supporting College Kids during Giving Tuesday tomorrow! Your donation will help us continue 1:1 matches, incentives for completing financial literacy classes, and bonuses for good attendance. Click here to make a tax deductible donation on Giving Tuesday! Thank you for your support!
It's never too late to start saving for your retirement! Regions Bank presented on "Saving for Retirement" at the Lambert-St Louis International Airport. Participants learned how to establish a plan, build toward retirement, and stay on track!
RSVP for upcoming Lunch and Learn classes by calling 314-622-4700 or or visiting our website. Remember classes are free, open to the public, and lunch is provided.
School Highlight: Gilkey Pamoja Preparatory Academy
Families at Gilkey Pamoja Preparatory Academy are active and enthusiastic users of their College Kids savings accounts, thanks to family and community specialist Angela Lawuary. Angela helps families find resources and connects them to programs available at their schools. Pamoja families...READ MORE.
South Korean Delegation Visits the OFE A delegation of social workers from South Korea recently visited our Office of Financial Empowerment (OFE) to learn about financial capability and how government can help lead the way when it comes to financial literacy and...READ MORE.
Webinar to Focus on the Benefits of CSAs Those involved with our College Kids savings account program know about the hard work of program coordinator Erin Thiemann. Now, thanks to the Corporation for Enterprise Development (CFED), everyone else will, too...READ MORE.
Captain Mary E. Edwards-Fears
on Credit & Money Management Workshops
Last month, we hosted a Credit and Money Management Workshop in the Office of Financial Empowerment. Participants learned how to create a budget, develop a savings plan and read their credit reports.
When we teach financial empowerment classes, participants often walk away with a sense of enlightenment and excitement because they have a plan for how to manage their money. This was the case for Captain Mary E. Edwards-Fears with the St. Louis Metropolitan Police Department...READ MORE.
Spotlight: “Grandma's Always Gonna Find a Way”
When It Comes to Her Grandkids’ College Dreams, “Grandma’s Always Gonna Find a Way” Like many of us, Charlene Jackson dreamed of a secure retirement. After spending years working for the City of St. Louis Department of Parks and Recreation, Charlene hadn’t amassed a fortune, but she had saved enough to make her confident that her retirement dream would become a reality. But that confidence diminished when she was granted custody of her two grandchildren, Camiyah and Camori...READ MORE.
The Office of Financial Empowerment could not be possible without unique partnerships crossing all sections of financial education, banking, nonprofit, and philanthropy. To get involved with the OFE please contact us at 314-622-4700 or email gatesL@stlouis-mo.gov.