“The Financial Women’s Association team helped me take a really close look at my financial lifestyle. Now, for the first time in my life, I know what type of discipline it takes to get out of debt and save money.”
— Rochelle James, 2007 Financial Literacy graduate from Nontraditional Employment for Women
Created in 2004 with the goal of enabling adult women to better control six critical areas of personal financial decision making, the Financial Literacy Committee works in conjunction with two organizations in the New York City area that are devoted to enhancing important job skills through holding training programs for women.
- Grace Institute- Assists women in learning the skillsets required for entry level office work as administrative assistants
- Nontraditional Employment for Women (N.E.W.)- Provides women with training in areas such as construction, electrical work and plumbing, which in turn leads them to securing entry level apprentice positions in unions that can lead to full licensing in the trade
Held over a seven week period, this program is delivered in a classroom setting with FWA Members that are actively involved with this committee team-teaching each session. Members are also assisted by a Peer Trainer who is a representative of the student population, and a Peer Administrator, who is responsible for the scheduling, attendance and distribution of materials for each of the sessions.
Core skills taught during the program are:
- Cash flow and budgeting
- Use of credit cards
- Getting out of debt
- Using benefits
Both FWA Members and program attendees alike benefit through participation with the Financial Literacy Committee. While Members are able to share their knowledge and materials with a group in a relaxed atmosphere, students are able to hear firsthand experiences related to overcoming challenges in their career path and form long lasting networking connections.
“Prior to taking on the role of President of the FWA in 2011, I had the privilege of being an instructor in the FWA’s financial literacy program for two sessions. What a fabulous experience! We run the program to benefit women who are not savvy with regards to money issues. These are bright, young women who are hungry for knowledge and demonstrate that by asking excellent questions. It was so very rewarding to work with these women. I would encourage other FWA Members to volunteer their time to this program,” Anne Izzillo, former FWA President from 2011-2012 added.