Virtual workshops help put struggling residents on path to financial stability
United Way of Northern New Jersey, in partnership with First Bank, is hosting two free financial education workshops. Both sessions will be held virtually and will focus on banking products and services that can help those who are struggling to make ends meet.
A workshop on Tuesday, November 29 will be held in Spanish and a workshop on Thursday, December 1 will be offered in English. Both hour-long sessions begin at 6:30 p.m.
Presenters from First Bank will provide information on overdraft protection, online banking, mobile banking, limits, and fees. There will also be time allotted for questions and answers.
The workshops are part of a series of free financial education offerings that sees United Way team up with community partners to help put struggling households on a path toward financial stability.
Past free workshops have focused on savings strategies and managing one’s credit.
“We are working to help those who lack the resources necessary for financial stability and are unaware of programs and services that might help them turn the financial tide for themselves and their families,” said United Way of Northern New Jersey Financial Stability Manager Monica Conover. “Together, with our community partners, we are providing financial literacy tools and information that can offer these households a better chance for economic success.”
The free service is geared for the individuals and families United Way calls ALICE and those in poverty. ALICE stands for Asset Limited, Income Constrained, Employed and represents households living paycheck to paycheck. Despite working in jobs that are critical to keeping communities running smoothly, ALICE essential workers are one emergency away from financial ruin. United Way’s most recent ALICE report for New Jersey, released in December 2020, revealed that ALICE households rose by 41 percent between 2007 and 2018.
To register and receive the link to attend the virtual workshops, click here:
Comments