We are dedicated to helping people of all backgrounds develop financial literacy and plan for the future.

If this is your first time using this website please view the financial literacy page.

If you are interested in learning more, please click on additional resources at the bottom of the page.

Financial Literacy

Learn about basic financial concepts and how to manage your money effectively.

Key Terms

Individual Retirement Account (IRA)-

401K- an employee sponsored retirement savings plan that allows workers to save and invest a portion of their paycheck before taxes are taken out

Roth IRA-

Mutual Funds- investment program funded by shareholders that trades in diversified holdings and is professionally managed

Dividends- periodic payments made to shareholders from corporate profits

1099-Int: this tax form is related to accounts when they gross more than $10 in interest income during the year

Principal- the original amount borrowed (loaned to you) or amount invested (you put the money into the bank or credit union)

Certificates of deposit (CD) a form of investing money with a specific interest rate and target end date

(ie minimum balance to start is $20,000, interest is 3.90% for 12 months results in earning $618 of interest in one year)