The South Dallas nonprofit Empowering the Masses has teamed up with BBVA USA to offer lessons in personal finance.
Tammy Johnson, founder and executive director of Empowering the Masses, said financial literacy is especially important in an uncertain economy, when many people are unemployed. And as people progress in life and earn more, they need to know how to manage their money.
“Maybe you’ve gone from poverty to a living wage — you need to know how to budget,” Johnson said. “I feel like its super important in the wake of everything that’s going on.”
The Aug. 13 workshop, entitled “Financial Education Seminar on Budgeting,” is taught by Dianna Hagian, workplace solutions officer for BBVA. She said the bank wanted to support the members of a community who may not have access to the same financial resources as people in a wealthier neighborhood.
“We want to give back to the community and make people aware of their options,” Hagian said. “Sometimes they feel like they can’t go into a banking center and they can’t get the same options as others.”
In her time teaching seminars, Hagian said she has noticed that wealthy people tend to have more open conversations about money than poor people.
Johnson said the people who most need financial literacy aren’t often taught it, and that lessons should start as early as high school.
“I think [financial literacy is] thrown around in a lot of meetings, but we don’t meet the people where they are,” Johnson said. “If we can start that earlier and earlier, we won’t have so many individuals with credit issues or [who don’t] know what a budget is.”
An access code to the virtual session is given to people who RSVP for the event by calling Johnson at 972-460-6316 or Hagian at 469-642-9130. Attendees can also call in over the phone if they do not have access to a computer.