Birmingham approves $1 million plan to teach financial literacy in schools

Birmingham Mayor Randall Woodfin speaks on the Financial Freedom Project on Sept. 27, 2022.The Birmingham City Council on Tuesday approved a $1 million financial literacy program that will be offered to students at Birmingham City Schools that will coach them on bank accounts, stocks and saving.

The city has joined in a partnership with IMC Financial Consulting, which will teach financial workshops and lead personal finance consulting sessions, and Goalsetter, which has an app that students will be able to download to access bank and investment accounts. “Me as a young student, I was taught about math, I was taught about reading, I was taught about social studies and science,” Woodfin said. “What I was not taught about was financial literacy. That was something I had to acquire on my own… We want better for our children.”“It is my desire to put them out of business,” Woodfin said.

The average credit score for a resident of Birmingham is 597, 78 points lower than the national average, Woodfin said.

Another great program for Historic Birmingham, Alabama students. These students will one day truly appreciate this program.

You forgot the most important one .....get married before you have kids.

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