FINANCIAL LITERACY

 

Financial literacy is a term used to describe a person's availability to comprehend and use financial skills such as personal finances, budgeting, and investing.  The lack of knowledge relating to financial literacy plays a major role in the economic inequality and the racial wealth gap of today’s society. It is documented that the African American community is one of the lowest racial groups that suffers with financial literacy. Therefore, financial literacy must be at the forefront of closing the economic wealth gap, specifically within the black community.

 

The Maleka C Stephens Foundation aspires to play a role in spreading the financial literacy knowledge and skills in order to close the racial wealth gap.  Through informative workshops and in-person meetings, the foundation shall provide the knowledge and skills set necessary to improve an individual and/or family’s household financial position.

 

Our tailored Financial Literacy programs & workshops shall include, but not limited to:

 

Overview of Personal Finances

Planning & Preparing Budgets

Understanding Taxes

Credit & Debt Management

Cash Flow & Money Management

Investing