Econ with Dr. A

Making Sense of Money with Jennifer Inman and KFEC


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Summary

In this episode, Dr. Abdullah Al Bahrani discusses financial literacy with Jennifer Inman, the Executive Director of the Kentucky Financial Empowerment Commission (KFEC), and her team. They emphasize the importance of understanding personal finance and making sound financial decisions. The team shares their financial journeys and highlights the need to teach financial literacy in a personal and relatable way. They also discuss the various programs offered by KFEC, such as the Bank On Initiative and financial literacy workshops for different communities. The episode concludes with a call to action to celebrate Financial Literacy Month and engage with KFEC's resources and seminars.

Takeaways

  • Financial literacy is about understanding personal finance and making sound financial decisions.

  • Teaching financial literacy should focus on the personal aspect and take away the shame associated with money.

  • KFEC offers various programs, including the Bank On Initiative and financial literacy workshops for different communities.

  • Budgeting, understanding long-term goals, and tracking expenses are essential for financial stability.

  • April is Financial Literacy Month, and KFEC encourages everyone to engage with their resources and workshops.

  • Chapters

    00:00 Introduction and Financial Literacy

    01:26 Introduction of Kentucky Financial Empowerment Commission

    03:22 Introducing the Team

    05:48 Understanding Financial Literacy

    08:05 Teaching Personal Finance

    10:25 Overcoming Anxiety and Making Financial Decisions

    11:50 Teaching Personal Aspect of Personal Finance

    13:37 Understanding Long-Term Goals and Making Sound Financial Decisions

    15:03 Going Against Financial Advice

    19:25 Bank On Initiative

    21:44 Financial Literacy for Refugees

    24:30 Employee Empowerment Workshops

    28:51 Thrifty Thursdays and Financial Tips

    33:22 April Financial Literacy Month and Upcoming Workshops

    41:45 Conclusion and Call to Action


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    Econ with Dr. ABy Abdullah Al Bahrani