New tariffs imposed earlier this year by the Trump administration are starting to raise prices on some consumer goods, and many Michigan households are struggling as a result.

According to United Way's latest ALICE (asset limited, income constrained and employed) report, roughly 41% of Michigan households are facing financial hardship. So how can people make the most out of the money they do have?

Khadija Mutakabbir, a licensed financial literacy counselor and an experienced loan advisor with Detroit Peer Money Mentors, says it starts with building healthy money habits.

The youth-led effort, funded through the city's Grow Detroit’s Young Talent program, helps to educate Detroit youth about financial wellness and money management. Participating mentors receive extensive training on how to lead workshops and encourage participants to take control of their personal finance.

Mutakabbir joined The Metro on Monday to talk about the program and how her background in finance shaped her mission to educate others.

Use the media player above to hear the full conversation.

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