Bank On Memphis' celebration of National Financial Literacy Month culminates Friday (April 26) with a series of financial literacy workshops at Court Square downtown.
Several Bank On Memphis partner financial institutions and credit counseling services will discuss savings and checking account options, as well as tips for credit repair.
The National Foundation for Credit Counseling recently released the results of its annual Consumer Financial Literacy Survey noting that only 40 percent of adults have a budget and track spending. Research from credit data management firm TransUnion Interactive Inc. shows that the Memphis metro area had the lowest consumer credit score among major metropolitan areas.
The April 26 event is being held in conjunction with the Downtown Memphis Commission's Downtown Alive! The Rain date is May 3. Entertainment at Downtown Alive! will include artists from Overwater Entertainment between 11:45 a.m.-1 p.m. The Memphis Public Library's JobLINC Mobile Career Center will be on-site.
Bank On Memphis provides financial literacy and financial access through a public, private and non-profit collaboration. Memphis Mayor A C Wharton Jr. and Shelby County Trustee David Lenoir launched the program locally.