Making Cents at the Financial Literacy Event
Financial illiteracy is prevalent throughout the United States. The traditional high school education often falls short of teaching students the basics of saving money, developing good credit, and investing wisely.
The University of Pittsburgh David Berg Center for Leadership and Ethics, along with GoRealty CEO Andrew Reichert (BSBA ’07), recently tackled this issue by hosting the inaugural Makes Cents Financial Literacy event.
This event was held at the Barack Obama Academy of International Studies in the East Liberty neighborhood of Pittsburgh.
The lively event featured music, food, giveaways, speakers, interactive workshops, and a scholarship raffle giveaway of $1,000 from the David Berg Center for Leadership and Ethics. The scholarship can be used for attending a two-year or four-year higher education institution, a trade school, or to start an approved business.
The financial literacy workshops focused on investing, budgeting, and using credit and debit effectively. The investing portion was taught by local CFAs and the budgeting segment was taught by a PwC representative. The credit and debit portion was taught by the event volunteers, including Matthew Leavy, a Pitt Business senior majoring in finance, who will be interning at Deloitte this summer.
Local entrepreneurs spoke to the students at the event about how to increase their earning power through entrepreneurial ventures. Njaimeh Njie, a multimedia producer, Jason Jones, a community development manager, Nisha Blackwell, founder/CEO of Knotzland, and D.S. Kinsel, a creative entrepreneur, were part of the panel.
“The Making Cents event went very well for the first year, and made a major difference in the lives of the participants,” Leavy says.
This may be only the beginning for Makes Cents. Reichert hopes to host this event for many years to come. To read more about Makes Cents, visit their blog.
Pitt Business has lead several other conferences and events focused on improving financial literacy.
In October 2016, Pitt Business and Alpha Kappa Psi hosted a Financial Literacy Conference at Pitt featuring business experts from across the country.
Additionally, faculty member Jay Sukits received the CFA Society of Pittsburgh’s Excellence in Financial Literacy Education Award.