Pacific Premier Bank Teams Up with the Los Angeles Chargers to Promote Financial Fitness
This fall, in partnership with the Boys and Girls Clubs of Metro Los Angeles, Pacific Premier Bank and the Los Angeles Chargers hosted a four week financial literacy training camp for local youth to teach them how to manage money wisely.
Co-hosted by Pacific Premier employees and Los Angeles Chargers player Thomas Davis Sr., and former player Kassim Osgood, the sessions were geared toward helping teens achieve financial literacy by learning how to set goals, budget, save, invest, and balance their checking accounts. Each workshop focused on a different aspect of banking and financial knowledge and included interactive elements that gave the participating high school students real-world examples.
“The financial literacy program exists to prepare young adults for the real world by empowering them with knowledge and support for basic financial and money-handling principles,” says Sherri Scott, Pacific Premier’s SVP Chief, CRA & Fair Banking Officer. “We are committed to helping today’s youth understand these principles so they can make smart financial decisions when they become adults.”
In addition to educating the Boys & Girls Club youth about basic financial knowledge, the training camps helped them start thinking about what types of jobs they may be interested in and what salaries they could expect to make through a real-world exercise. Students were given a career and salary, then learned how to budget their income, accounting for necessities like housing and food as well as entertainment/fun and savings.
“We stressed the importance of saving money, no matter what occupation you choose,” adds Scott. “It’s a great exercise on how to save vs. spend that gave students a real-life example of how to create a budget.”
The partnership between Pacific Premier and the Chargers was a great success. Student participants had a fun time interacting with Chargers players, expanding their financial literacy, and some even went home with prizes like tickets to a game and autographed memorabilia.