How it works

Step 1: Entry & Financial Readiness

Youth complete a financial awareness assessment
SBYF staff help gather documents needed to open a bank account
Each youth is matched with a financial mentor for ongoing support

Tier 1: (Ages 16–17)Smart Money Foundation

Introduction to budgeting, saving, and responsible spending
Understanding basic financial systems and avoiding common pitfalls
Building early habits that support long-term stability

Tier 2: (Ages 18–20)Transition to Independence

Managing real-world expenses such as rent, utilities, and transportation
Credit education and financial decision-making
Preparing for financial independence and reducing risk of instability

Tier 3: (Ages 21–23) Financial Stability & Future Planning

Long-term financial planning and goal setting
Income management and wealth-building basics
Strengthening financial stability to support housing and independence

Smart Money Skills

What is financial Literacy?

Financial stability is essential for independence. At SBYF, we teach youth how to manage money, avoid financial setbacks, and prepare for real-world responsibilities like rent, utilities, and daily living expenses.

Our Smart Money Skills program equips youth (ages 16–23) with the tools, confidence, and hands-on experience to build stability and avoid financial crises as they transition into adulthood.

Financial Coaching

Every participant is matched with a trained financial coach who:

Provides personalized guidance on budgeting, credit, and financial goals
Helps youth prepare for real-life expenses such as housing, transportation, and basic needs
Supports decision-making that promotes long-term financial stability

Additional Support

Job readiness workshops, mock interviews, and employment preparation enhanced through AI and VR technology
Hands-on career exploration that builds confidence and connects youth to real-world opportunities
Connections to paid opportunities through community partners

Why It Matters

Financial instability is one of the leading causes of homelessness for youth aging out of foster care. Without the ability to manage income and expenses, even small setbacks can become crises. By teaching financial literacy and providing ongoing support, SBYF helps youth build stability, maintain housing, and move toward long-term independence.

Interested in this program? Contact us for more information.