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Jamaica Plain News - Fresh News for the Neighborhood You Love

Jamaica Plain News (https://www.jamaicaplainnews.com/2019/10/01/walsh-saving-for-your-childs-future-can-be-overwhelming-but-boston-is-here-to-help/163575)

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Walsh: Saving For Your Child’s Future Can Be Overwhelming, But Boston Is Here to Help

By Mayor Martin Walsh | October 1, 2019
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The start of kindergarten marks the beginning of a child’s educational future and here in Boston we believe nothing should hinder a child’s path to success. That’s why, in 2016, and in collaboration with Boston Public Schools, we launched Boston Saves as a three-year pilot program.

Mayor Marty Walsh makes a point during a press conference with neighborhood media on Wednesday, March 11, 2015.

Chris Helms

Mayor Marty Walsh

Our goal was to build strong career pathways by helping families of BPS kindergarteners save money for their children’s college or career training. Throughout those three years, our efforts worked. We provided children’s savings accounts to 1,600 students from eleven BPS schools for a total of $80,000.

Beginning this fall, Boston Saves will expand citywide, providing more families with the tools to invest in their children’s future. The program provides each kindergartener enrolled in BPS with a savings account, automatically started with $50.00. This money can then be used to help pay for the costs of college or career training once a student finishes high school.

Families have the opportunity to grow the money in their child’s Boston Saves account by earning Boston Saves Dollars for specific actions that plan for the future. For example, if a family saves $25 for their child in a three-month period, Boston Saves will add another $5 to their child’s account. All told, families can earn up to $65 in incentives for their child’s Boston Saves account in the program’s first year. Another way families can earn Boston Saves Dollars is by reading with their child for 20 minutes a day for 20 days per month in a three-month period. Once the reading is complete, families can fill out a reading self-reporting form and earn $5 for each three-month period, or up to $20 per year.

Families can also view their child’s Boston Saves account on an online platform, called the Savings Center, which will open later this fall. When families use this platform to link their own financial account to their child’s Boston Saves account, they will be able to track all their savings for their child in one convenient place online. This will add an additional $25 Boston Saves Dollars to their child’s account.

We understand that saving for a child’s future is a collaborative effort that includes financial education, planning and ongoing support services. Boston Saves recruits program partners, such as nonprofits and financial institutions, to offer resources that range from financial education activities for students to college planning and credit-building workshops for their families. Peer support is also available through Family Champions, trusted family members in a school community who are trained by Boston Saves. Family Champions are able to explain the program to fellow families and encourage their saving progress – often in families’ native languages.

Children’s savings accounts are building blocks of financial education for both children and their families. By equipping the youngest generation of Boston residents with these resources, we are investing in our city. There is no better time than now to begin saving for the future.

We are grateful to the many partner organizations who made the expansion of Boston Saves possible, including the Eos Foundation, Berkshire Bank, Boston Builds Credit, Boston Educational Development Foundation, Collatos Family Foundation, City of Boston Credit Union, Commonwealth, Inversant, Junior Achievement, Massachusetts Educational Financing Authority, Metro Credit Union, National Grid, ReadBoston, Rockland Trust Back, Tech Goes Home and The Boston Foundation.

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JAMAICA PLAIN EVENTS

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  • January 2023

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1 event, 5

5:30 pm - 6:30 pm

January Vigil in Support of Black Lives Matter

January 5 @ 5:30 pm - 6:30 pm

January Vigil in Support of Black Lives Matter

Everyone is warmly invited to participate in the January Vigil in Support of Black Lives Matter, on Thursday, January 5, from 5:30-6:30 pm on the lawn of the First Baptist […]

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1 event, 8

1:00 pm - 2:00 pm

Winter Wellness Walk

January 8 @ 1:00 pm - 2:00 pm

Winter Wellness Walk

Stay connected to nature and enjoy the health benefits of a winter walk at the Arnold Arboretum. Docents will cover seasonal interest, Arboretum history, and our plant collections. Please dress […]

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1 event, 10

6:30 pm - 7:30 pm

Lecture: Bird Bills

January 10 @ 6:30 pm - 7:30 pm

Lecture: Bird Bills

Bird bills come in all sorts of sizes and shapes, from the needle-like bills of swallows for picking insects out of the air, to hummingbirds' long and curved bills for […]

0 events, 11

1 event, 12

2:00 pm - 4:00 pm

Tree Mob: Sweet Birch

January 12 @ 2:00 pm - 4:00 pm

Tree Mob: Sweet Birch

It looks like a cherry tree, it smells like root beer, but it is, in fact, the beautiful and aromatic sweet birch. Join Horticulturist Brendan Keegan to learn about this […]

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1:00 pm - 2:30 pm

Family Hike: Evergreens!

January 15 @ 1:00 pm - 2:30 pm

Family Hike: Evergreens!

Spruces and hemlocks and pines, oh my! Take a walk and use a hand lens to see the intricacies of evergreen needles and cones. You will be surprised at something you’ve never […]

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2 events, 21

11:00 am - 1:00 pm

Learn About Ice Harvesting on Jamaica Pond

January 21 @ 11:00 am - 1:00 pm

Learn About Ice Harvesting on Jamaica Pond

Back by popular demand, this talk will explore the history of ice harvesting on Jamaica Pond. Before the 19th century, ice was a commodity available only to the very rich […]

12:00 pm - 3:00 pm

Open House: Arboretum Entrance Improvement Project

January 21 @ 12:00 pm - 3:00 pm

Open House: Arboretum Entrance Improvement Project

Open House: Arboretum Entrance Improvement Project Saturday, January 21, 12-3pm Location: Weld Hill Research Building, 1300 Centre Street, Boston, MA 02131 Please join the Arboretum and landscape design firm Michael […]

1 event, 22

10:00 am - 11:00 am

Barking Up the Right Tree: A Tour of Bark Diversity at the Arboretum

January 22 @ 10:00 am - 11:00 am

Barking Up the Right Tree: A Tour of Bark Diversity at the Arboretum

What is there to see at the Arboretum after all of the leaves have fallen and before spring flowers start to bloom? Bark! Shaggy bark, mottled bark, striped bark: the […]

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7:00 pm - 8:00 pm

Book Talk: Wicked Plants by Amy Stewart

January 26 @ 7:00 pm - 8:00 pm

Book Talk: Wicked Plants by Amy Stewart

In her New York Times bestseller Wicked Plants: The Weed That Killed Lincoln’s Mother and Other Botanical Atrocities, Amy Stewart takes on Mother Nature’s most appalling creations. It’s an A […]

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1 event, 28

1:00 pm - 4:00 pm

The Overstory: A Participatory Read Aloud

January 28 @ 1:00 pm - 4:00 pm

The Overstory: A Participatory Read Aloud

Join a participatory, in-person read-aloud of excerpts from Richard Powers’ tree-inspired novel The Overstory hosted by the Arnold Arboretum. The read-aloud will take place on Saturday, January 28, between 1pm and 4pm, within the exhibition […]

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2:00 pm - 4:00 pm

Learn About The History of St John’s Episcopal Church, Jamaica Plain

February 5 @ 2:00 pm - 4:00 pm

Learn About The History of St John’s Episcopal Church, Jamaica Plain

Katharine Cipolla, Parish Historian, will present a survey of the historic building from her recent book A History of St. John’s Episcopal Church, Jamaica Plain, Massachusetts, The First Century. St. […]

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January 5
January 5 @ 5:30 pm - 6:30 pm

January Vigil in Support of Black Lives Matter

  • There are no events on this day.
  • There are no events on this day.
January 8
January 8 @ 1:00 pm - 2:00 pm

Winter Wellness Walk

  • There are no events on this day.
January 10
January 10 @ 6:30 pm - 7:30 pm

Lecture: Bird Bills

  • There are no events on this day.
January 12
January 12 @ 2:00 pm - 4:00 pm

Tree Mob: Sweet Birch

  • There are no events on this day.
  • There are no events on this day.
January 15
January 15 @ 1:00 pm - 2:30 pm

Family Hike: Evergreens!

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  • There are no events on this day.
January 21
January 21 @ 11:00 am - 1:00 pm

Learn About Ice Harvesting on Jamaica Pond

January 21 @ 12:00 pm - 3:00 pm

Open House: Arboretum Entrance Improvement Project

January 22
January 22 @ 10:00 am - 11:00 am

Barking Up the Right Tree: A Tour of Bark Diversity at the Arboretum

  • There are no events on this day.
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  • There are no events on this day.
January 26
January 26 @ 7:00 pm - 8:00 pm

Book Talk: Wicked Plants by Amy Stewart

January 28
January 28 @ 1:00 pm - 4:00 pm

The Overstory: A Participatory Read Aloud

February 5
February 5 @ 2:00 pm - 4:00 pm

Learn About The History of St John’s Episcopal Church, Jamaica Plain

January 28
January 28 @ 1:00 pm - 4:00 pm

The Overstory: A Participatory Read Aloud

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February 5
February 5 @ 2:00 pm - 4:00 pm

Learn About The History of St John’s Episcopal Church, Jamaica Plain

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ABOUT JAMAICA PLAIN NEWS

Jamaica Plain News is an independent online news source and community platform for the Jamaica Plain neighborhood of Boston, Massachusetts.

David Ertischek

Our publisher David Ertischek has been a community journalist for more than 18 years. He has been the editor and reporter for local newspapers and websites. He has lived in Jamaica Plain since 2002. His favorite thing about Jamaica Plain is the Arnold Arboretum.

Jamaica Plain News is supported by advertising from local businesses. Please click here to learn more about advertising on Jamaica Plain News or email David Ertischek at david@jamaicaplainnews.com.

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