Think Finance Takes on Financial Literacy

Think Finance recently joined forces with education technology company EverFi to bring a financial literacy program to high schoolers in Fort Worth, Texas. We launched the program because the topic of financial literacy is near and dear to our heart – our goal is to educate our customers so they can make informed choices about their personal finances that will lead them on a path to financial success.

Our country has a long way to go when it comes to getting educated on finance basics…and we know it. Most Americans give themselves a grade of C, D, or F on their knowledge of personal finance, according to a survey from The National Foundation for Credit Counseling and The Network Branded Prepaid Card Association (of which Think Finance is a member).

That self-evaluation is about right. In a FINRA study of American financial capability, participants were asked five questions about everyday economics and finance concepts, and on average, scored only 3.0 out of 5 questions correctly. That’s 60% – around a D in most grading systems.

Why is this a problem? With more financial options – and pitfalls – than ever and an uncertain economic environment that magnifies the ramifications of a poor financial decision, it’s never been more important to understand the essential financial building blocks. Learning the basics won’t necessarily spare you from extenuating circumstances – it’s a tough economy for everyone – but it will help you make the right choices to get you back on track.

The Think Finance-EverFi platform – offered to Fort Worth high schools free of charge – is an innovative web-based program that uses digital learning and gaming to educate students on critical financial topics. We’re excited to report that 170 students have “graduated” from the program so far and already using the skills they’ve learned to better their financial future.

Adrian, a student at Western Hills High School, said, “Before this, I handled money pretty well, but I didn’t save much and spent money on food and games. It was fun, but it wasn’t good for my future. Now with every paycheck, I save a little bit and put it away in my savings account. This has helped me prepare for my future.”

Like Adrian, we’re confident that an early start to understanding financial responsibility will serve every student that graduates from this program well!

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Forbes Ranks Think Finance #2 on list of “America’s Most Promising Companies”!

Check out the latest issue of Forbes to see Think Finance in the magazine’s list of America’s Most Promising Companies. The list includes 100 of the top privately held, high-growth companies with bright futures – and we’re thrilled to have the #2 spot!

We Thinkers have long believed in the future of our company, and we’re excited that Forbes has recognized the success we’ve already achieved and the success that’s still to come. We’ve built a business that fills a real gap in the marketplace and created better financial solutions for the people who really need them. Our team remains committed to developing the most convenient and responsible options for underserved consumers and we expect this year to bring unprecedented growth and innovation. The future is promising!

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Riding at Think Finance

Think Finance employees who choose to join our company sponsored cycling team never regret it. Just ask Ryan LaMountain, Marketing Manager and cycling enthusiast. He recently wrote a guest piece for The Racing Post to discuss our cycling program, how it pushed him to become a better rider (he rode his first 100 mile race after only 5 months of riding!), how it’s promoted work-life balance, and how it’s positively affected his performance at the office.

This article is a great example of how the company’s fitness initiative is making a difference in employees’ lives. Check out Ryan’s article here!

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A Season of “Think” Giving

 

Our finished bikes!

If you’ve visited our Think Giving page you know how we feel about cycling – we love it. That’s why we teamed up with Cowboy Santas, a local non-profit that provides toys to children 12 and under from low-income Tarrant County families, so hundreds of children can feel the excitement of having their very own bike. Our partnership began with a $10,000 donation to Cowboy Santas – enough for 200 children’s bikes! We were thrilled they were able to stretch our donation so far, but we wanted to do more; so we organized the first bike-build in Think Finance history. With a little coordination, 30+ employees and Think Finance cycling team volunteers, we successfully assembled 20 bikes! But we weren’t done yet. . .

Think Finance employees at the Cowboy Santas Toy Drive

The Cowboy Santas toy drive is a Fort Worth tradition, and this year we donated the bikes we built along with some books and toys. It was a great opportunity to talk about what Think Finance has done for the community this holiday season. We were also fortunate enough to meet the Mayor of Fort Worth, Betsy Price, who loves cycling as much as we do. It was a fun experience for those involved and we plan to do it all again next year. In the meantime, we hope the kids enjoy their brand new bikes! But still, we weren’t done yet. . .

 

Angel Tree Donations

Every year Think Finance supports the Salvation Army by giving employees the opportunity to adopt Angels in December. Employees have a great time shopping for their Angles, and 27 were adopted this year. We did this in addition to donating $3500 to the organization on North Texas Giving Day.

This holiday season we are thankful for the opportunities we’ve had to give back, and we look forward to doing even more in 2013!

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Think Finance Board Member Featured in Fortune Magazine

Check out the latest Fortune Magazine for a terrific profile of Robert L. Johnson, Think Finance board member and founder of Black Entertainment Television (BET) and The RLJ Companies. Bob is an inspiring businessman whose life’s work has benefitted people across the country. He’s no stranger to recognition from the media having been named one the 25 most influential business leaders of the past 25 years by USA Today in July 2007! We’re very proud to have Mr. Johnson as a part of our team and encourage everyone to read this motivating article.

How I Got Started featuring Bob Johnson, FORTUNE November 12, 2012

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