This has been a long, cold winter. In fact, we had to postpone our first Delta D.O.L.L.A.R.S. session in January because of a snow storm that shut the city down. But this series was too important not to have – some of the communities in our service area have low incomes and high poverty rates, so we definitely wanted to do our part to help change those statistics
More than 50 people registered for the first workshop, Introduction to Personal Finance/Budgeting & Saving on February 24. Our award-winning Economic Development Committee partnered with City National Bank and the Ocean-Hill Brownsville Neighborhood Improvement Association to provide useful tips that would help attendees create a budget and build their savings, including:
- Know the difference between your current bank balance and your available bank balance.
- Use a daily spending diary to track the money you’ve spent each day.
- When budgeting, pay essentials (rent/mortgage, food, etc.) first.
- You can use one of many checklists available online to help you choose a bank/bank account that fits your needs.
The attendees who braved the cold temperatures were thankful they did. “I’m glad I made it for this discussion,” said one attendee.
“Great program. The venue made it easy to interact with other attendees.”
The second workshop in the series, Building & Repairing Credit, will be held on March 24.