Louisiana College offers financial literacy workshop

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PINEVILLE, La. (LCNews) - Louisiana College’s Business Student Association is giving back to the CENLA community through a financial literacy workshop Nov. 18 - 19, 6:00 to 8:00 p.m., in the Granberry Conference Center.

“Our Vision of Preparing Graduates and Transforming Lives includes the biblical principles of stewardship and service to others,” said Dr. Rick Brewer, president of Louisiana College. “I am grateful for the kind of leadership we have at Louisiana College that would envision this project, and for students who have the compassion to help deliver it.”

Students from Louisiana College’s Personal Financial Planning class will offer 20-minute segments of information and instruction on each of the topics noted below, and both sessions will feature a guest speaker from Red River Bank, the workshop’s sponsor.

Topics at the two-night workshop will include: Banking and Credit, Saving and Spending Money, Managing Finances, Building Wealth, and Planning for Retirement, and will be drawn from the Federal Deposit Insurance Corporation publication, FDIC: Money Smart: Building Knowledge, Security, and Confidence.

“Research shows that millions of Americans struggle to understand credit, interest payments, bank loans, and buying a car,” said Dr. Juan Castro, Professor of Finance and Economics at Louisiana College. “This lack of knowledge of basic financial information makes it difficult for people to make financial decisions. And the pressure of identity theft, credit scores, credit cards, loans, and mortgages can cause a lot of anxiety for consumers.”

College is often the first time in a person’s life when money management skills are needed.

“This is the perfect time to learn financial literacy because it is a skill that directly impacts students’ lives. When a person learns a skill in theory and immediately puts it to use, the behavior becomes ingrained for life, especially when the subject is money,” Castro said.

“Louisiana College is humbled to help the community that helps us,” Brewer said. “And we appreciate Red River Bank for sponsoring this workshop, as well as providing leaders for it.”

Workshop admission is free and is open to Louisiana College students and residents from Pineville, Alexandria, and neighboring communities.

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