By Kim Glovas

PHILADELPHIA (CBS) – Nine local non-profits are receiving grants to help their communities learn the fine points of finance in daily life.

$225,000 in grants is being awarded to non-profits — including the United Way of Greater Philadelphia and Junior Achievement of New Jersey.

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Citizens Bank is making the grant money available as part of National Financial Literacy Month. Bank president Dan Fitzpatrick explains what that involves:

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“Checking accounts, credit cards, savings accounts, mortgages, up through real housing counseling. And then to those who want to start their own business, we want to really encourage entrepreneurship, but entrepreneurship takes the ability to do financial budgeting so that a great idea can become a good, profitable business.”

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Fitzpatrick says the lack of financial literacy can cause hardship for families, and these grants are designed to help those families get back on the financial track.