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.READ MORE: WATCH: New Castle County Police, Neighbor Rescue Elderly Woman Trapped Under SUV
Citizens Bank is making the grant money available as part of National Financial Literacy Month. Bank president Dan Fitzpatrick explains what that involves:READ MORE: Joel Embiid Scores 40 But Sixers Blow 24-Point Lead In Loss To Clippers
“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.”MORE NEWS: Philadelphia Postponing COVID-19 Vaccine Mandate For City Workers Again
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.