Financial literacy classes help those in dire straits
The nation’s current economic situation often reflects a widespread lack of knowledge on financial preparedness. Many Americans demonstrate an inability to navigate everyday financial situation—from purchasing a home to planning for retirement. Consumers need help to navigate a complex economic marketplace and achieve lifetime financial security.
Texas AgriLife Extension experts are focusing on people facing job loss or encountering limited income or resources as they transition to a new chapter in their lives. They have partnered with a Salvation Army program to provide educational services to the homeless and those with histories of substance abuse. A series of money management workshops helped participants deal with budgeting, including shopping strategies for food, clothing and the necessities of life. Participants also learned how to access community resources.
The workshops successfully enhanced people’s financial literacy and money management skills. Over time, the series will inspire more participants with knowledge to live healthier and better manage their resources.