United Way NCA Partners with Navy Federal to Promote Financial Literacy

In a world where financial decisions shape our daily lives, the ability to understand the intricacies of finance is not just a valuable life skill, it is a critical skill for empowerment and success. United Way NCA is committed to providing all residents, including members of the region’s ALICE (Asset Limited, Income Constrained, Employed) population with economic opportunity resources to help manage their financial situations and build a healthier relationship with money. We do this through free workshops and counseling within our powerful network of five Financial Empowerment (FECs). Conversations about money are vital for youth and should be had early and often. Did you know that 70% of millennials live paycheck to paycheck?  The stigma around financial literacy must change. The Managing Your Money – Life Skills Toolkit program in our community high schools is working to break the stigma around money conversations.

Managing Your Money – Life Skills Course, in partnership with Navy Federal, offers students tools to assist them in making better financial decisions as they navigate life after high school. This three-part program follows students through the academic year as they learn about saving, creating budgets, managing budgets, creating a case study about their financial goals and the steps they took to meet them. Students also learn about identity theft, opening and managing credit cards, credit reporting, how to take out and manage consumer loans, and the fundamentals of using debit cards.

At the end of this course, students are put to the test with a field trip to the grocery store where they are given a budget and must apply the skills, they’ve learned to pass the assessment. This course gives the students hands-on experience and empowers them to take control of their finances and make smart money decisions at an early age.

We are excited to partner with Navy Federal on this initiative. To learn more about our commitment to help individuals and families throughout the National Capital Area advance on a path toward economic opportunity, click here.