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Finance Classes to Hispanic Community

March 30, 2009

Classes to help Lowcountry Hispanic immigrants learn about finances

Video link: http://www.counton2.com/cbd/news/local/article/classes_to_help_lowcountry_hispanic_immigrants_learn_about_finances/22924/#comments

By Larry Collins
Reporter  WCBD Channel 2 News
Published: March 30, 2009

The move is on in Berkeley County to make Hispanic immigrants more money savvy.

These days it’s hard enough for most Americans to get their finances in check. Imagine just how hard it would be moving to a foreign country and not understanding their economy or financial system.

That’s the challenge facing thousands of Hispanic immigrants here in the Lowcountry.

But Berkeley County has a class for mothers with children in the school district and part of the class is helping them trust and understand the U.S. financial system.

Participants say thanks largely to a language barrier, most Hispanics don’t trust banks to keep their money.

They carry large amounts of cash; making them targets of criminals.
But, it also affects you. By teaching them about banking, they open accounts, make purchases and responsibly pump money into our economy.

Most importantly, they secure a future for their families. 

The multi-week class finished up Monday. The three main lessons are personal finances, credit and banking.

One of the largest financial obstacles facing the local Hispanic community is a shortage of Spanish-speaking bank tellers.

The financial classes are taught by Increasing H.O.P.E. Financial Training Center. That is the group that works closely with The Problem Solver Team.

 

 

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