Youth in Transition Toolkit:
Does the youth manage a budget, bank accounts and credit cards?
Living independently requires having enough money to cover expenses. A person must be aware of their available funds and able to set a budget that covers everything from rent and cellphone bills to groceries and nights out. It's also essential to have the proper accounts and know how to handle them.
Awareness: Understand basic money management concepts like budgeting, banking and saving.
Exploration: Identify strengths, preferences, interests and needs related to money management.
Preparation: Practice money management skills at home, school and in the community.
Implementation: Use money management skills as independently as possible at home, school and in the community.
Workplace readiness training
To ensure financial literacy among the youth you support, review money management under Your Options. Basics include:
The benefits lookup activity lets youth submit a simple request to verify their benefits, so they know which benefits they receive and how much they're worth. In My Vault, open the Benefits Planning Path and complete the Get a Benefits Lookup activity.
This activity sends a request to the Minnesota Department of Human Services (DHS). When DHS receives the request, the benefits details are filled in and then returned to the youth's My Vault account within two business days.
Use this activity if youth aren't sure or have concerns about their benefits, when they're thinking about going to work, or if they need to know what would happen to their benefits if they take a specific job. Details from the benefits lookup automatically populate the DB101 estimator session: See how work and benefits work together.