The National Association of Black Accountants Inc. and the American Institute of Certified Public Accountants recently announced the launch of Money $ense.The program contains five curriculum modules designed to reverse the poor financial forecasts being made about individuals and families within the African-American community. The five modules focus on key financial areas such as credit and debt management, budgeting, financial planning, investing and saving.
NABA partnered with the AICPA in the development of Money $ense, utilizing the AICPA's 360 Degrees of Financial Literacy campaign to help educate Americans on how financial issues affect them at the different stages of their lives, from childhood to retirement.
In announcing the program, both organizations pointed to recent statistics that show Americans in general are having trouble saving, and that the numbers are even more alarming within the African-American community.
Members from each of NABA's 50 chapters (in 37 U.S. cities) will begin offering Money $ense programs in 2007. The financial literacy programs will be offered as local chapter events or in cooperation with other advocates, such as corporations, government agencies, financial institutions, social service organizations and community groups.
NABA's goal is to have 3,000 people participate in its Money $ense program each year. The organization is focused on reaching African-American youth, college students and low- to moderate-income adults.
Additional information about Money $ense can be found at www.nabainc.org/Programs/ProfessionalPrograms/NationalFinancialLiteracyInitiative/tabid/341/Default.aspx.
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