What is Financial Literacy?

One of National Affordable Housing Network’s (NAHN) points of emphasis is to help our clients gain the tools needed to become financially literate. However, many people are not familiar with this term. Financial literacy is the ability to understand and effectively use various financial skills. So, what kinds of financial skills can NAHN teach you? Our credit counselors help clients learn how to create and stick to a budget, improve their credit score, and avoid scams. Although each of these skills is important individually, when combined in practice they allow a person the ability to improve their financial situation.

How does NAHN help you gain financial literacy?

We employ two HUD-certified credit counselors who are available for informational counseling sessions related to financial literacy. They will analyze your current financial situation, including a credit report, and determine the best plan of action for you moving forward. Our counselors may help poor spending habits, help you set a budget, learn how to best stick to a budget, or teach other tools. Each case is different and therefore requires unique actions to get you back on the right financial track. 

NAHN does not have funds available for loan repayment, these services are strictly educational and informational. The advice given by our counselors will need to be put into action by you, the client. It may be difficult to change some of your spending habits or learn healthier forms of financial management. However, if you follow the advice given by our counselors it will improve your financial situation. Through your free counseling sessions, you will learn different components of financial literacy and learn how to become financially responsible.

Get started with your free credit counseling sessions

Sign up for your credit counseling sessions today and begin learning the different components of financial literacy. After submitting your intake form through the link above, a NAHN counselor will reach out to set up an appointment. They will then also communicate what materials they will need you to bring along to the session. Make sure to explore the rest of our website at www.nahn.com. Also, like us on Facebook to stay up to date on new services offered by NAHN. Thank you for reading and be sure to check back soon for another blog.