Financial Literacy is a challenge for many people, and is no different in many tight budget households. Families with limited financial knowledge often fall prey to predatory lending and other unhealthy credit schemes. This often leads to unnecessary stress and trauma in a household.
Employers can offer financial education classes to all employees, which can assist not only with establishing a budget to meet current household needs, but can ensure that families are equipped with the information necessary to ensure economic mobility and future wealth planning. As employees increase their earnings, other opportunities for creating a culture of wealth can be explored. Common Wealth Charlotte offers several classes to assist employers and employees in this effort. You can reach them at Common Wealth Charlotte.