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Financial Literacy Now: New York

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Literacy Partners, Inc.

 

Understanding Money and How it Works – for Adults

Literacy Partners, Inc., a not-for-profit organization, provides free community-based adult and family literacy programs that help adults fully realize their potential as individuals, parents and citizens. As the only nationally accredited adult literacy program in New York City, Literacy Partners has taught more than 25,000 adults the basics of reading, writing, mathematics, financial and health literacy through high quality classes and programs offered at no cost to them or their family members. Through participation in financial literacy programs, previously unbanked adults gain an understanding of money and how it works in today’s world. Classroom activities encourage students to actively think through the mathematics and financial skills needed to accomplish larger tasks and translate these skills to daily financial decision making. Financial literacy classes empower students with the necessary information and education to effectively manage their finances and secure fair banking services so that students do not fall prey to risky, deceptive and often fraudulent financial services. Mary S., a Literacy Partners student notes that, “before I started taking classes at Literacy Partners, I cashed my paycheck at a check cashing place. My teacher taught me how to open an account. Now my check is deposited into my own bank account. I also have a savings account and learned how to use the computer to pay my bills.”

Effective management of financial resources is crucial to increasing family stability and developing good consumer habits. For more than 35 years Literacy Partners has delivered quality programs throughout New York City. Please visit us at www.literacypartners.org.

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