SCOTIA — To provide a financial education platform for low to moderate income families, Better Community Neighborhoods, Inc., a Schenectady-based non-profit housing organization that provides assistance to first-time homeowners through financial literacy programs and homebuyer education, will host a five-week Financial Confidence Online Series during April, which is Financial Literacy Month.
The sessions will run from 11 a.m. to 12:30 p.m. on the following dates: April 2, April 9, April 16, April 23, and April 30. Sessions will focus on how to budget, how to save an emergency fund, how to pay down debt, how to set financial goals, and how to improve your credit; guest lecturers will participate.
According to a 2018 Financial Industry Regulatory Authority study, nearly two thirds of American were unable to pass a basic financial literacy test. The study, which surveyed more than 27,000 Americans revealed a growing financial literacy gap between different ethnic groups as well.
“Being financially literate eases life’s burdens,” added John Buhrmaster, President/CEO of 1st National Bank of Scotia, whose team will discuss financial products and services, mobile banking, online banking, checking vs. savings accounts, and managing debt. “Consumers are now having to make sense of more complex financial products and options, as well as shoulder more of their investment decisions. Improvements in financial literacy will greatly impact their ability to provide for the future.”
For more information and to register, call BCNI at 518-372-7616 or visit https://bit.ly/35R5TeN. There is a $75 registration fee per family.
