Chattanooga Neighborhood Enterprise is hosting the fourth annual Money School on Saturday, April 14, from 8 a.m.-1 p.m. at The BX - Brainerd Crossroads.
Money School is a free financial education day that includes speakers and professionals providing hands-on learning opportunities regarding money management, debt elimination, increased savings, retirement, estate planning, raising your credit score, and more. The day is open for anyone aged 13 and older.
“Money School provides resources to empower the citizens of Chattanooga to make knowledgeable, confident financial decisions,” says Martina Guilfoil, president and CEO of CNE. “The cornerstone for a strong community is stable families, and a key component of family stability is financial literacy and money management skills. These are services Money School offers.”
Money School will be kicked off by Carol Hunter, a Chattanooga-based personal finance expert educating people on financial freedom, accumulating wealth and establishing small businesses.
The event focuses on five financial areas, offering a range of related workshops. The workshops will be grouped into the following areas: 1) The Road to Homeownership, 2) Preparing for the Future, 3) Planning for the Now, 4) Getting out of Debt, and 5) Money Skills for Teens. These workshops will be led by experts in their respective fields.
Free one-on-one sessions are also available for credit report analysis, mortgage assessments and personal finance advising.
“Many people do not have the opportunity to meet with a financial advisor,” says Jennifer Holder, communications and special projects manager at CNE. “Money School opens the door to a better financial outcome with the one-on-one financial advising.”
The goal of Money School is to help Chattanoogans improve their understanding of financial concepts and services so they are empowered to make informed choices and take action to improve their present and long-term financial well-being.
At Money School 2017, 100 percent of survey respondents felt educated with useful financial knowledge. Ninety percent said they were more knowledgeable about financial products and feel more confident in knowing the steps to achieve financial security. In addition, 80 percent of respondents set new financial goals such as paying off credit cards, school or other debts, diversifying investments and setting retirement, estate and long term care plans.
Sponsors of the event are Lyndhurst Foundation, Benwood Foundation, EPB Fiber Optics, BB&T Bank, CFA Society of East Tennessee, Citizens Tri-County Bank, CHI Memorial, Grant Konvalink and Harrison, Pinnacle Bank, Synovus Bank, Tennessee Valley Federal Credit Union, SmartBank, and Healthcare Services Credit Union.
In addition to CNE, local organizations participating in the day include Common Cents Financial Literacy, Consumer Credit Counseling Service, Empower Chattanooga, DRW Financial, UTC Financial Wellness Center, Operation HOPE, Change Your $tory, US Small Business Administration, Pierce Law Firm, Bridge Financial Planning, BrightBridge Women’s Center, SCORE, Liberty National Life Insurance, A Step Ahead Foundation, Tech Goes Home, City of Chattanooga’s Office of Multicultural Affairs, Lee Prichard of Edward Jones, and Gary Hathaway of New York Life Insurance Company.
The BX – Brainerd Crossroads is at 4011 Austin St. For more information about Chattanooga Neighborhood Enterprise’s Money School event, including the complete schedule, visit www.MoneySchoolCHA.org or call 756-6201.