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Why Is Financial Literacy Important?

Hands On Banking“Money, Money Money,”  aside from being a catchy Abba song and it can  be a source of stress for those who don’t know how to manage it.

According to NerdWallet, an independent financial information compiling site, the average US household credit card debt of $15,270 in 2013 and 40% of working Americans have no money saved for retirement (from Statistic Brain). These statistics are a small reflection of how people struggle in managing money. Financial literacy is important because it gives people the knowledge and tools to reduce the amount of debt and teaches people how to save for their future so that they may have some peace of mind in this large aspect of their life.

As a way to engage the central San Jose community, CommUniverCity and their community partners are collaboating in a Financial Literacy education project through educational workshops. San Jose State finance students will be leading workshops about managing money. The workshops titled “Money Matters” are based on the Hands on Banking Curriculum. Topics covered will include learning more about credit score, FICO, savings, investing, spending money wisely, good money habits, protecting yourself financially, and using credit to your advantage.

Registration for Money Matters 2014

To register, please contact Jeanette 408.681.8734 or jeanette@cucsj.org by February 25th, 2014(extended deadline). Provide name, phone number, and language preference.(accommodations will be made for Spanish and Vietnamese speakers)

Money Matters Event Information

DATE                                                      ADULT MODULE                             KIDS MODULE

1st Workshop: February 27 – 6pm-8pm     Basics of Banking Services                You and Your Money

2nd Workshop: March 6 – 6pm-8pm          Money Management Tools & Tips       Budgeting

3rd Workshop: March 13 – 6pm-8pm         Protect Yourself Financially               Savings and Checking guide

4th Workshop: April 10 – 6pm-8pm            Using Credit to your advantage           Credit & You

5th Workshop: April 24 – 6pm-8pm            Planning your Future                          Assessment

Final Event:  May 1st                                Money Matters Graduation

Location for all 6 Events: Roosevelt Community Center, 901 East Santa Clara Street, San Jose

This program brought to you by CommUniverCity San José, Wells Fargo, Silicon Valley Community Foundation, Franklin McKinley Women’s Institute, Franklin McKinley Children’s initiative, StepUp Silicon Valley, and Santa Clara County Office. Workshops based from the “Hands on Banking” curriculum, www.handsonbanking.org

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