United Way of Greater Newark, NABC Hosts Free Financial Literacy Workshops


According to UWGN officials, United Way of Greater Newark, organizer of the Newark Asset Building Coalition, worked with six partners to host four free financial literacy workshops in a four-week series.

Officials say the four seminars cover student loans and reducing the price of education, a dive into life insurance, qualifying and applying for home energy assistance and an introduction to investing.

This free financial literacy partnership series, funded by Capital One, coincides with United Way of Greater Newark’s mission to disrupt the cycle of poverty by convening, collaborating and investing in strategies to improve outcomes for children and adults. families and the Newark Asset Building Coalition’s goal to promote the well-being and financial stability of all Newark residents by increasing savings, reducing debt, increasing financial knowledge and skills, and improving the access to wealth creation programs.

Those interested in participating in the series can register online at www.bit.ly/NABCFinLit. All classes will be held Thursday evenings from 6-8 p.m. at the Early Learning Center at 30 Demarest Street and will be offered virtually.

“Together with our partners at the Newark Asset Building Coalition, we are empowering residents of Greater Newark to chart a path to financial stability by streamlining key financial services and programs,” said Catherine Wilson, President and Chief Financial Officer. direction of United Way of Greater Newark. “Hosting programs like the Financial Literacy Partnership Series is essential to providing the tools needed to guide community members towards making positive and sustainable financial decisions. »

United Way partners with New Jersey Citizen Action, The Ironbound Community Corporation, New Jersey Institute for Social Justice, Newark Alliance, La Casa De Don Pedro, Greater Newark LISC, Urban League of Essex County, New Community Corporation and Clinton Hill Community Action. to form the Newark Asset Building Coalition.

“It’s crucial to demystify financial topics that can seem so heavy and difficult to understand, and our NABC partners are able to do this in an accessible and even fun way,” said Danielle Corea-Smith, Director of Financial Stability. of United Way of Greater Newark. said. “We encourage everyone to come and get free financial wellness tools and advice, and learn how to dive deeper into any of these topics following this series.”

The series kicked off on Thursday, September 8 with its first workshop, “The Price of Education, Reducing Student Loan Debt.” The hybrid session served 83 people virtually and in person at Clinton Hill Community Action’s Early Learning Center on Demarest Street in Newark. Laura Cole of Clinton Hill Community Action and Beverly Brown Ruggia and Paula Mirk of New Jersey Citizen Action facilitated the first workshop.

“Many have not been privileged to receive financial literacy that allows them to thrive, improve quality of life, generate generational wealth and free the economy,” Cole said. “This workshop was a necessary example of how sharing information and resources can make a real difference in a person’s circumstances and life. A debt-free life is an unrealistic dream because many partnerships like this make it feasible.”

The series continues on Thursday, September 15, with a dive into how to secure your income with life insurance. This workshop will feature Jonathan Beaubien, Certified Financial Representative with the Guardian Life Insurance Company of America and volunteer for the Urban League of Essex County, and Tamara Brown, Financial Coaching Consultant and NABC Interagency Collaborator.

The third session will take place on Thursday, September 22 and will explore saving money through Home Energy Assistance. Percival MacMaster of La Casa de Don Pedro, representative and supervisor of the Low-Income Home Energy Assistance Program (LIHEAP), will lead this session.

The Financial Literacy Partnership Series concludes with its Investing 101 class on Thursday, September 29. The latest workshop features Kamilla Johnson, who operates Resourceful Coaching LLC, and Safet Musovic, Certified Wealth Advisor and AVP in Personal Wealth Management at Citi.

All classes will be held from 6-8 p.m. at the Early Learning Center at 30 Demarest Street and will also be offered virtually.

For more information on United Way of Greater Newark or the Newark Asset Building Coalition, visit their websites at www.uwnewark.org and www.nabcnj.org.

In picture: Paula Mirk of NJ Citizen Action, Beverly Brown Ruggia of NJ Citizen Action, Laura Cole of Clinton Hill Community Action and Danielle Corea-Smith of United Way of Greater Newark.

Geraldine L. Melton