In 2014, the idea of Pass It On Inc. was formed from an experience faced by many couples. One couple in particular, took their experience in a common situation and used it to help others.


A Lexington, Kentucky couple, Matthew & Kimberly Boyd, found themselves faced with a wonderful expansion of their family, a baby girl on the way. As many know, with the excited positivity of a little one, also comes the awareness of a new mouth to feed. Finances will begin to dwindle with the added expense of diapers, wipes, clothes, food, crib, car seats, and the list goes on. Although currently not in a bad financial position, the Boyd family knew life was about to take a financial change. Excluding the cost of hospital care during delivery, the average baby can cost nearly $10,000 in the first year. These statistics include doctor visit co-pays, nursery furniture, car seats, and daily care. $10,000!!! ("The Real Cost of a Baby")

Some parents may have made similar decisions to reduce cost. Others may be surprised at the next path taken and would have taken advantage of them, if only they had known.

With the Internet at their fingertips, Kimberly & Matthew started looking at different brands of baby products online to try. Surprisingly, there were thousands of brands for every baby need and many companies were very willing to give samples of their product in hopes that they gain a new customer. The couple found themselves signing up for every formula brand, baby proofing product, baby bath products, toys, etc., they could find. It wasn't long before they had expanded out to the stores and signed up for baby registries at Babies R Us, Buy Buy Baby, and Target. All of them gave out gift bags with samples and coupons. The coupons became the next focus. Saving money on necessities was the next best thing to free samples!

Using coupons was a new idea to the Boyd family. Like many, they were reluctant at first due to the stigma of coupons and thought things like,

"Only poor people use coupons"

"How is a $0.25 coupon worth it on higher priced products?"

Once the Boyd's met others who were familiar with coupons and found a routine of learning and using coupons on a regular basis, they were amazed at the amount of money they were savings on everyday essential items. They no longer paid for toothpaste, shampoo, soap, and paid little on toilet paper, paper towels, and of course the baby items were much less than store prices.

A recorded trail of their personal financial habits proved their savings.

  • By the end of 2014, they had purchased $3,000 worth of product for less than $300. A 90% SAVINGS!

      This information lead to meaningful, personal observation for our founders. The Boyd's found themselves among family, friends, and neighbors who had stories to share about a financial struggle in life. Some were currently facing personal financial struggles and finding it difficult to remain optimistic without the information and resources available to change the situation. Resources were limited to government assistance, if qualified, and local food and clothing banks. Although this was a huge relief during crisis, the solution to the problem was not being solved. Month after month, families were still struggling to pick up the pieces from a tragic family crisis or

      Everything from laundry detergent to baby supplies were taking over the house. More than enough supplies to provide for the family's needs were now stocked. This led to the generosity spreading to nearby neighbors who gladly accepted free personal care and household supplies.

      No strangers to financial struggles in the past, Kimberly and Mathew Boyd, began researching and discussing the current financial education crisis in the United States based on recent experiences within the local community. In the findings, both were shocked at the lack of attention given to the most important and influential aspect of our lives.

      Some of their findings include:

      • Only 5 states in the U.S require a financial education semester by graduation

      • Disagreements over finances between couples is the #1 leading predictor of divorce

      • Financial stress leads to physical health problems, relationship issues, poor job performance, and depression.


          PASS IT ON WAS BORN!
          Pass It On Inc. was established early January, 2015 in Lexington, with the main purpose to solve this major problem. The volunteers and members of the Pass It On team understand that the education system is severely lacking in providing individuals with the essential financial education to financially support themselves in adulthood. It is our goal to provide cooperative, supportive, and professional services that allow families to improve their financial situations, therefore improving their overall lives.