Together We Will Figure It Out

Your money,
your move.

Week 1 — Banking basics, the power of saving, and what your life actually costs.

01
Why we're here
"I vowed that no child I came across would ever feel alone or have to do it on their own."

What this program is

TWWFIO mentors teens and young adults through the real stuff — not the textbook stuff. Life skills, financial foundations, self-awareness. Everything your school probably didn't teach you but everything you actually need.

What it's not

A lecture. A class. A place where you have to pretend you already know things. Everything shared here is real, earned the hard way, and passed to you so you don't have to learn it the same way.

The "WE" is intentional

It's not "I will figure it out for you." It says WE — because your effort is 100% required. Life is not easy, life is not fair. But you don't have to do it alone.

Topics we'll cover over time

Financial literacy · Personal advocacy · Time management · Career exploration · Emotional intelligence · Credit · Investing · How to move in business

02
How banking actually works
"Do you actually know what happens to your money when it goes into the bank?"

What a bank does with your money

Banks take your deposits and lend them out — mortgages, car loans, personal loans. There is no bank that houses the physical cash of everyone. That's why your money needs protection. At a bank, each account is federally insured by the FDIC up to $250,000. Credit unions are insured by the NCUA.

Types of accounts

Checking account

Everyday spending. This is where most people keep their money and what's linked to your debit card. Easy access, low interest.

Savings account

For saving — the name says it. Higher interest than checking. Warning: if your savings is connected to the same app as your checking, it's too easy to raid it. Keep them separate if you can.

High-yield savings account (HYSA)

A savings account with a much higher interest rate — sometimes 15–20x a regular savings account. The tradeoff: you usually can't access it as easily, which is actually the point. Your money grows and you're less tempted to touch it.

Money market account

High interest, but usually has a minimum balance requirement (often $2,500+). Tiered rates based on how much you keep in it.

Certificate of deposit (CD)

You lock your money in for a set period (the "maturity date") and earn a higher rate for leaving it alone. You can't touch it without a penalty until the maturity date. Good for money you know you won't need.

Ways to deposit money

In person

Walk into the bank with cash or a check.

ATM

Deposit cash or checks at an ATM.

Mobile scan

Photograph a check on your bank's app.

Direct deposit

Your employer sends your paycheck straight in.

03
What saving actually does

You can't live paycheck to paycheck. It's unhealthy for your mind and your body. Start now — even small. Here's what the math looks like.

Save per week $20
Over how many years 2 years
$2,080
total saved
Cumulative savings
Cumulative savings growth.
Starting deposit $500
Interest rate (APY) 4%
$608
after 5 years — money you made doing nothing
With interest No growth
Compound interest comparison.
Save per month $100
Over how many years 5 years
$6,000regular savings (0.5%)
$6,630HYSA (4.5%)
$7,744brokerage (7% avg)
Regular savings (0.5% APY) HYSA (4.5% APY) Brokerage (7% avg return)
Where you put your money matters.
04
Build your budget snapshot

Write out what you actually spend. No judgment — just honesty. The goal is to see where your money goes before you decide where you want it to go.

Monthly take-home pay $800

Needs

Wants

Savings

Quick math

Total needs$290
Total wants$170
Total savings$100
Left over$240
$800take-home
$560total expenses
$240left over
Discussion prompts
"If you pulled $10 from your wants column every week, what would you have in 6 months?"
"What's one thing in your wants list you could honestly live without for 30 days?"
"What does your DTI (debt-to-income ratio) look like? The goal is under 36%."
Save your budget snapshot
Downloads a PDF with your numbers filled in.
05
What does your life actually cost?

Pick a career you're thinking about. We'll show you what that salary looks like after taxes — and what it actually covers in the DMV.

06
Your challenge this month

30-day money tracker

For the next 30 days, write down every dollar you spend. Phone notes, a notebook, whatever works. At the end of the month, total your wants vs. your needs. Bring it back next session.

  • Track every purchase — no minimum, no maximum
  • Mark each one W (want) or N (need)
  • Pick one want per week to cut and move that money somewhere you can't easily touch it
  • Even $5 counts — the habit is the point

Accountability partner

Pair up before you leave today. You don't have to share your numbers — just check in once a week. One question: "Did you track this week?" That's it.

Remember this

Every action has a reaction. You don't have to do this perfectly — you just have to start. You now have a mentor for life. Anything I know, I'll teach you. And you don't have to do any of it alone.

You're never alone.
See you at the next session.