Livastride Foundation is an excellent resource for teens and young adults to utilize. The number one resource we offer is the Financial Boot Camp. Students receive valuable life lessons on managing their finances and preparing to become financially independent. We do this once a year and all high school students are encouraged to come. 


Please enjoy a few helpful tips:


Saving v. Investing

There’s a big difference between saving and investing. Savings are typically for short term needs, they should also provide assitance in the case of an emergency. You should have six-to-nine months worth of living expenses in your emergency fund. Investing is letting your money work for you. For young adults and teenagers, we usually reccommend a Roth IRA, which offers tax-free growth and tax-free withdrawals during retirement. As long as you have had the account for five years and are 59 1/2 or older, it will be free of any federal taxes. The Roth IRA also encourages the long term approach, which is much safer and more stable.

Setting up a Bank Account

A bank account is a great way to get started, especially for young kids. In order to set one up, you’ll need small amount of money, usually around $50.00. You can go to the local bank and they will help you set up a savings account. It’s best to leave the money in the account unless it’s an emergency. The wants can wait!

Credit Cards

Credit cards are a good idea for older teenagers who don’t have a spending problem. They can have great benefits and the sooner you can start building credit the better! We stress this at the financial boot camp, ALWAYS PAY OFF THE BALANCE!!! You will have the option to pay off the minimum and leave the remaining balance for another day, we highly reccommend you pay off the total amount owed. Credit card debt is a terrible thing to deal with and is extremely difficult to get rid of.

Credit Score

Going along with the previous drop down, credit score can be very helpful. If you’re looking to buy a house or a nice car, having a good credit score will help you get a loan with a lower interest rate. In order to maintain a good credit score, be sure to pay off the balance. We can’t stress that enough.

 Check your credit score here!

Buying a Car

Buying a car is usually one of the first adult decisions you will make. We reccommend you purchase a reliable car. A cheap car could end up costing you more money in the long run due to continuous trips to the repair shop. Paying off the car is ideal. Save up enough money and buy it up front if possible. The interest rate on a car payment will add quite a bit more money than you’d be paying if you bought the car up front. 

Stay the Course

Once you start investing, it’s important to stay the course. More than likely, you’ll be investing for retirement. The average return for the S&P 500 is close to 10%. The market is resilient. Remember why you’re investing, take a deep breath, and remember the market always recovers. The worst days are almost always followed by the best.

Useful Financial Related Apps



Mint is one of the best apps you can have on your phone. It allows you to create a budget and track your spending. It will send you alerts and reminders. It will also tell you how much you have to spend before you reach your maximum spending amount. Great app to have.


Business News

CNBC is a great app to keep you updated on business news and the current market position. You can allow the app to send you notifications and breaking news if you prefer. It has easy access to different stocks and is very efficient with new information. A great way to stay in the loop in the financial world.





Check is a useful app when it comes to bills and bank overdrafts. It provides a central place for you to pay your bill. It will alert you if you have a bill coming up, which is very helpful to avoid late fees.

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1523 East Skyline Drive - Suite C
South Ogden, UT 84405


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F: 8:00 am - 3:30 pm

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