To help Philadelphians become more fiscally fit, Mt. Airy USA (MAUSA) launched the Smart Money Club that will be held the last two Saturdays of July, August and September from 10 a.m. to 2 p.m.
During the series of six free workshops, attendees will learn the importance of paying themselves first by establishing a savings habit, keeping their money safe and how to recover from financial losses.
Kimberly Henry, MAUSA Housing Counselor, will also be leading the presentation about budgeting, credit and loans. She will explore the difference and benefits of getting a store specific charge card before getting one that is accepted everywhere and the importance of understanding interest rates. She will also discuss useful tips to help repair credit such as writing to creditors so they can investigate, verify or delete items on credit reports.
Volunteers from Citizens Bank will also be hosting a program entitled “Bank on it and check on it,” in order to provide expert technical assistance on banking matters.
“If anybody wants to be in a better place financially 10 years earlier, they want to come to the class as opposed to being 30 years old saying ‘I wish someone would have told me,”‘ said Henry. “Come now and by the time you are 40 you will already have it down pack.”
She said that while she encourages young adults to apply, it’s for everyone that desire to be on a better financial footing including senior citizens who are targeted for anti-predatory lending.
Upon completion, members will receive a certificate and the option to learn more about first time home ownership.
Registration is limited to 20 members and participants are encouraged to attend all sessions. For more information, go to smartmoneymausa-eorg.eventbrite.com