As a parent, it’s our job (yes, I’m a mom) to teach our kids. There is a lot they will learn in school, and they will probably have a lesson or two on financials in school, but as far as I’m concerned this is mostly on us as parents. So, what should we do? Here’s how I see it. You know the phrase “do as I say, not as I do?” Probably not the most fitting for this! Don’t’ get me wrong, those words have come out of my mouth a time or two. Or three. Ho... [More]
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]
Last week, in honor of Financial Literacy Month, 1st Mariner Bank had the pleasure of hosting a group of seventh grade students from the Empowerment Academy in Baltimore City who are currently participating in Operation HOPE’s Banking on Our Future (BOOF) program.
Guy Stafford welcomes the students to 1st Mariner.
BOOF’s purpose is to teach people at a young age how to make educated and responsible financial decisions to promote dignity, hope, and economic self-sufficiency in l... [More]