Every April for the past 10 years, we have celebrated National Financial Literacy Month – and for good reason. A person’s financial literacy level can always be improved. In a study conducted by the FINRA Investor Education Foundation, participants were asked five questions about personal finance, and 61% of them couldn’t answer more than three questions correctly.
1. Why is financial literacy important?
As the financial landscape changes, it is becoming increasingly important ... [More]
Throughout my years working for 1st Mariner Bank and observing credit trends across the country, I've learned how little most young adults (and even some older adults) know about managing their finances and what affects poor management might have on their life. Because of this, I've spent some time working with local schools to help bring financial literacy into the classroom. There are many great programs that exist to help educate students but we may have a chance to help further this effort b... [More]
With the start of the school year, the folks over at the Network for Teaching Entrepreneurship (NFTE) start their engines as well. NFTE's mission" is to provide programs that inspire young people from low-income communities to stay in school, recognize business opportunities and to plan for successful futures." I, along with several other colleagues at the bank, have been involved in the program at various Baltimore City schools for the last four years. As Baltimore's community bank,... [More]