HUNTSVILLE, AL (WAFF) - Credit and money management impacts everyone and most of our day-to-day activities, even if we don't realize it. But many don't understand how to do it.
The "Ready to Work" program is a free state-certified class at J.F. Drake Community & Technical College in Huntsville. It teaches people what they need to know when it comes to the job hunt. One skill set the program focuses on is money and how to manage it.
Natalie Johnson is a personal banker at Wells Fargo. As a business school graduate, money is her passion, but she says some concepts were difficult even for her to grasp.
"I realized if I had issues with grasping these concepts and if I wasn't introduced as a business major, there was a large possibility the majority of Americans weren't introduced to these concepts either," Johnson said.
Johnson talked about how to balance a checkbook, apply for a loan, and what interest rates actually are. She's so passionate about making sure people are financially literate, she volunteers to teach students of all types and ages around north Alabama.
"Everyone has a hobby. Instead of video games, mine is reading the finance section," Johnson said.
Some employers run credit checks on job applicants, so she says a financial education is imperative even when it comes to searching for your next job.
"People don't realize I think the extent that poor credit or no credit can affect them," Johnson said. I can't imagine being turned down for a job because of my past obligations not being met."
Johnson spoke to about 60 students at Drake Wednesday morning about benefits and risks of credit, debt-to-income ratio, and how credit scores are determined. She bases her presentations on curriculums created by Wells Fargo.
Copyright 2016 WAFF. All rights reserved.