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Held at Hope Works’ 121 Water St. location in South Norwalk, the 9:30-11 a.m. classes will be held every Friday in February. First County Bank employees have volunteered to conduct four separate classes to be held Feb. 3, 10, 17 and 24. The most basic areas to be covered include banking (managing checking and savings accounts), budgeting, and setting and implementing financial goals (short term to retirement). To set and obtain financial goals, one must have a working knowledge of investment instruments, borrowing and insurance. Further, financial literacy includes an understanding of employment benefits, taxes and other payroll deduction options. Maintaining good credit will save an individual a significant sum of money in interest costs, insurance premiums and may even affect one’s ability to secure employment. ”As a leader in financial services, First County Bank sees the importance of helping people comprehend the critical role of understanding and protecting their financial stability," said Rey Giallongo, chairman and CEO of First County Bank. “We know the importance of empowering people to make informed financial choices to protect themselves from personal hardships. And this Hope Works program emphasizes the importance of financial literacy education as the key to making that a reality.” Based on the FDIC’s Money Smart for Adults instructional curriculum, First County Bank volunteers will instruct from four different modules that cover basic financial topics, including spending plans, the importance of saving, how to obtain and use credit effectively, and the basics of building or repairing credit. “It has always been in my heart to assist in transforming the lives of homeless individuals,” said Trisha M. Haynes, a career counselor at Hope Works. “With the help of First County Bank and its Financial Literacy Program, our participants will be better prepared to meet financial challenges and opportunities every day.” © Copyright by ConnecticutPlus.com. Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of ConnecticutPlus.com, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar. Note: We reserve the right to delete posts at any time if we decide that they are offensive or distasteful. CURRENT HEADLINES:
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