FRANKFORT, Ky. -- As the challenges of today’s economy continue to come into focus, high school seniors in more than 20 schools
in Fayette, Jefferson, Clark, Madison, Pulaski and Pike counties are
benefiting from an innovative approach to financial literacy sponsored
by the Kentucky Bar Foundation, Inc. (KBF).
Financial tips like creating a budget, opening a savings account, finding ways to save money,
and paying bills on time will be presented through the CARE – Credit
Abuse Resistance Education – program along with explanations on common
forms of credit, car loans, predatory lending, the true cost of credit
cards and the consequences of credit abuse. Presentations have been
made in Lexington, Richmond and Somerset, and will continue in other
locations over the next several weeks.
“In reality, the CARE program is one
that people of all ages could benefit from, but we are especially
excited about this opportunity to help young people start their
financial lives on the right foot, especially during these trying
times,” said Todd S. Horstmeyer, KBF Executive Director. “This effort
allows attorneys to meet face to face with students to discuss the
legal obligations associated with credit, the many ways people abuse
credit and how bad economic decisions regarding finances can impact
their lives negatively for years to come. “
The CARE program is based on a
successful initiative launched by U.S. Bankruptcy Judge John C. Ninfo
II of Rochester, N.Y., who saw a pressing need for an education program
aimed at preparing students for their financial future. The CARE
program has expanded dramatically since its creation in 2002 and is now
presented at locations in all 50 states. (Ninfo personally presented
the CARE program to students at Lafayette High School in Lexington on March 12.)
The program got its start in Kentucky in 2008 as a KBF pilot project in selected Lexington and Louisville schools. The success of the CARE presentations led to the Kentucky Board of Education approving the program for presentation in public schools statewide.
After receiving training in CARE materials and goals, members of the Fayette County Bar Association, the Louisville Bar Association, the Madison County Bar Association, the Clark County Bar Association, the Pulaski County Bar Association and the Pike County Bar Association then present the program in their respective communities.
Participating students will receive a
colorful, eye-catching booklet with the CARE program’s financial tips
that was designed and printed through a KBF grant.
Horstmeyer said the bar foundation
hopes to expand the program even further into the state in the coming
years. The CARE presentation schedule for 2009 includes the following
schools and dates:
Lexington: Lafayette and Henry Clay, Wednesday, April 29; Lafayette, Tates Creek, Dunbar, Thursday, May 1;
- Louisville: Atherton, Brown School, Central, Doss, Iroquois, Moore, Southern, Waggener, Western; Monday, May 11 and Tuesday May 12;
- Clark County: George Rogers Clark High School, May 12 (Other area schools and dates to be announced);
- Madison County: Model Lab, Richmond, Wednesday, April 29; and Madison Central High School, May 22;
- Pike County: East Ridge High School, Lick Creek, Wednesday, May 6; Pike County Central, Pikeville, Thursday, May 7;
- Somerset: Somerset High School, April 29 and 30; Pulaski County High School, May 5; and Southwestern High School, May 6.
CREDIT ABUSE RESISTANCE EDUCATION FACTS
The Kentucky Bar Foundation, Inc.
is a nonprofit organization which serves as the charitable arm of
Kentucky’s legal community. KBF is committed to promoting justice and
legal education for all Kentuckians. This mission is achieved through
grants to projects which advance the administration of justice by
addressing law-related needs.
KBF supports projects that:
For more information on the Kentucky Bar Foundation, visit www.kybar.org