DETROIT, June 16 MI-GMAC-Child-Money
DETROIT, June 16 /PRNewswire/ -- GMAC Financial Services today announced
that it will partner with Team Focus to give boys and girls the smart edge
when it comes to money management. Team Focus, a community outreach program
that provides inspirational, community, social and academic guidance to
children without father figures, will have a GMAC SmartEdge financial literacy
education session at its 2008 Camp Focus.
Team Focus has been affiliated with the GMAC Bowl and "is excited to bring
our association with GMAC to a higher level through the addition of the GMAC
SmartEdge financial education session at Camp Focus," said Mike Gottfried, CEO
and founder of Team Focus. "SmartEdge will provide us with another way to
positively influence the lives of the children that come to camp."
GMAC is committed to providing financial literacy opportunities through
its GMAC SmartEdge program. "It is important to mentor youth and help children
prepare for their future," said Sharon Sayles Belton, director of community
relations at GMAC. "Now more than ever, young adults need to understand money
management so they are ready to make smart financial decisions when they enter
adulthood."
"It's never too early to start learning appropriate money management
skills," adds Don Ferguson, director of GMAC SmartEdge. "The SmartEdge
education sessions are designed to engage young people to make better
financial decisions, plan their spending habits and save for their future."
Camp Focus will have its first leadership camp of the year in Mobile,
Ala., with 10 other camps throughout Alabama, California, Nevada, Ohio,
Tennessee and Washington, D.C., with approximately 75-80 children at each
camp. This year Team Focus is expanding its program by having its first girls'
camp.
GMAC SmartEdge hosts financial literacy seminars around the country and
provides money management tutorials and tips on its Web site,
www.smartedgebygmac.com, which is designed to educate consumers in the areas
of credit, budget, vehicle and home financing, banking, and insurance.
About GMAC Financial Services
GMAC Financial Services is a global, diversified financial services
company that operates in approximately 40 countries in automotive finance,
real estate finance, insurance and commercial finance businesses. GMAC was
established in 1919 and employs approximately 26,700 people worldwide. For
more information, go to www.gmacfs.com .
SOURCE GMAC Financial Services
