We have identified ways to give young people real-life, real-money experiences that give them a hands-on way to learn wise money habits.
Austin, TX (PRWEB) July 28, 2014
Moolah U, an educational organization working to provide young people with knowledge about how money works and how to be financially responsible, announced that it is now offering franchise opportunities across the country. The Austin, Texas-based company offers a variety of camps, after-school clubs, and in-class curricula that help students develop skills in leadership, teamwork, and integrity, and establish habits to build a lifetime of financial stability and independence.
“Parents want their children to learn how to be responsible with money from an early age, and young people are eager to understand how money works,” said Gayle Reaume, founder and CEO of Moolah U. “We have identified ways to give young people real-life, real-money experiences that give them a hands-on way to learn wise money habits. After seeing so much demand for these educational opportunities in Austin, we decided it was time to make the program available nationwide.”
Moolah U offers week-long business camps, where students receive hands-on experience in creating their own business, which allows them to learn how money works and how to use their money wisely. In addition to camp, Moolah U offers an eight-week after-school club program, where students learn the differences between spending and investing through games and other interactive techniques. Moolah U also a long-term Apprentice Program that provides ongoing training and development of young people who have completed the Camp as a camper and are at least 12 years old. The Apprentice Program allows students to broaden their understanding of leadership and financial concepts, while getting new experience and training in being part of a Leadership Team.
Entrepreneurs who invest in a Moolah U location have the chance to help students in their home location learn these important skills. In today’s economic climate, it’s vital to prepare the next generation for the financial future. In fact, recent studies have shown staggering numbers of young adults struggling financially, including:
- The number of 18 to 24-year-olds declaring bankruptcy increased 96% in 10 years. (Richmond Credit Abuse Resistant Education)
- The average credit card debt of graduating college seniors is $4,100. (http://www.debt.org/students/debt/)
- People in the 18 to 24 age bracket spend nearly 30% of their monthly income just on debt repayment - double the percentage spent in 1992 (10% of net income is a recommended amount for debt obligation) (Generation Broke: The Growth of Debt Among Young Americans)
- More young adults filed for bankruptcy than graduated from college in 2001. (ABA Education Foundation)
Helping young people learn to manage their money early in life is vital to allowing them to have more financial stability in adulthood. Moolah U’s unique, successful business model gives savvy entrepreneurs the chance to be a part of that education.
“Children under 18 now make up more than a quarter of the U.S. population,” said Reaume. “These will be the people making financial decisions for themselves and the next generation in just a few short years, so now is a prime time for parents and educators to help prepare them for the future. We are excited to see Moolah U grow and help to fill this great need.”
To learn more about Moolah U and franchise opportunities in your area, visit http://www.moolahu.com/franchise.
About Moolah U
Started in 2007 as The Money Academy, Austin, Texas-based franchise Moolah U offers young people a fundamental understanding of how money works, inspiring them to establish habits that build a life of financial stability and independence. Founder and CEO Gayle Reaume is a graduate of the Texas State ACTiVATE program for women CEOs and a founding member of the United Way Capital Area Leadership Council for Financial Stability. With 30 years of experience in small business management and coaching, Reaume started educational programs after noticing that children are often not equipped to manage their money powerfully while they are still at home, or when they are on their own. Students who attend a Moolah U camp, after-school club, or class curriculum get real-life, real-money experiences that allow them to prepare for a stable, successful financial future. To learn more, visit http://www.moolahu.com.
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