Posted on November 3, 2013
Originally published in the El Dorado News-Times on November 4, 2013.
Arkansas Women?s Business Center has received a $4,500 grant from the Plum Creek Foundation that will allow the Center to offer Money Smart for Young Adults classes. The courses target high school and young adults in Union and surrounding counties. Money Smart classes are designed to assist individuals in making sound financial decisions. Instruction includes setting realistic financial goals, careful use of credit, saving, and paying for big ticket items like college, autos and a home.
"Financial literacy is so important in today?s economy,? said Lisa Davis, program officer with the AWBC. "Part of the recent economic recession was a direct result of people not understanding the long-term consequences of mortgages and credit, as well as the benefits of saving and financial planning. These classes provide practical economic information that students can use immediately to ensure a better financial future.?
Money Smart classes consist of eight learning modules including Bank On It, Borrowing Basics, and A Roof Over Your Head. The classes are taught by highly qualified teachers who specialize in finance.
"Most people learn the basics of personal economics while in high school but may not have the need to use these skills until they have been out of school for a few years,? said Richard Stich, wildlife biologist with Plum Creek Timber Company. "By then, they may have forgotten much of what they have learned. These classes will deliver timely training to young adults who are making important economic decisions that will affect them the rest of their lives.?"