BENEFITING: TEXAS COUNCIL ON ECONOMIC EDUCATION
***UPDATE: Due to your overwhelming support and generosity, I have upped my goal from $2,000 to $2,500! Thank you so much to all of you who have donated!
As many of you know, I will be turning 26 on the 14th of this month. In order to celebrate what is commonly considered a selfish holiday, I have decided to allocate my birthday month to raising money for the Texas Council on Economic Education (TCEE), a non-profit organization that focuses on improving financial literacy and economic education in my new residence of Texas.
Why the TCEE? According to a nationwide financial capability study performed by the Financial Industry Regulatory Authority in 2012:
- 39% of individuals in Texas used a form of non-bank borrowing, i.e. an auto title loan, pay day loan, pawn shop loan, or other high interest uneconomical source of debt
- 54% of individuals in Texas broke even or spent more than their annual income
- 57% of individuals in Texas did not have enough money saved to cover expenses for three months
- 67% of individuals in Texas scored 60% or less on a financial knowledge test, which comprised of questions regarding basic economics and finance concepts encountered in everyday life
TCEE aims to mitigate these negative statistics by providing free or low cost programs to K-12 school districts that specifically target subject areas such as economics and financial literacy. Your money will be used to help fund teacher staff development initiatives and student programs that impact the learning of over two million students each year. Visit http://economicstexas.org/ for more information.
Providing education is a truly profound contribution and this cause holds immense personal significance to me. Thank you for your time and consideration.