Today we’re featuring a guest post from high school graduate Gina who earned her EVERFI – Financial Literacy for High School certification last spring. Gina shares how the EVERFI program helped her make financial decisions in advance of starting college this fall. Congratulations to Gina for being one of our scholarship recipients, and best of luck as you head off to school!
Teacher: Mrs. Gilson
School: Wallenpaupack Area High School
Sponsor: Honesdale National Bank
“I have many goals and dreams that I want to accomplish in my life and because of EVERFI, which is a great tool, I have gained the knowledge and skills to get there.
I am attending college in the fall and need to save up and budget all my money to be able to pay for it. The college module helped me understand the FAFSA and how to fill it out for college financial assistance, which has helped me greatly. Once I graduate from college, I would love to be able to afford a place of my own and a nice, yet affordable car. I have traveled before and still want to in the future. I’d like to be able to splurge on things once and a while as well. I have learned so much from taking these online modules and quizzes and now can apply them to my life. Staying on budget has always been tricky, but I have learned different ways to stay in budget by differentiating wants from needs and knowing what you can and cannot afford.
I now understand the workings and importance of the banking system and how my credit score can affect me in getting loans or purchasing a car or house. Since I want to be able to afford and get both a car and house, I need to establish and monitor a good credit score for future use. I learned the different options when it comes to renting verses owning and how to choose what will work best in my situation. Renting an apartment with another person will most likely be a good option for me out of college so I can save up my money to eventually be able to afford my dream house. I never understood when looking at my paycheck why so much money came out of it every week, but now I know that by paying that money, it helps with a variety of things such as upkeep with public areas and roads, pays government workers, benefits citizens, etc.
What I thought impacted me the most was the importance of investing and saving my money for the future. Investing my money is a risk, but the greater the risk the greater the outcome, which could be put towards my retirement and my love of traveling. I also feel it is important to invest smart just like anything else you do. I have learned to make sure to educate myself before buying something and researching the best price or options. The best fact I could have learned from these modules is if you save $2,000 a year from around age twenty you will have just under a million dollars to retire with and if I use all of these modules together and invest, save, and spend wisely, I could have more and live the way I want to and achieve my goals and dreams.”