Help Us Reach 5,000 Black and Brown Teens with Financial Literacy Tools In Queens, New York City

Meet Carol, an 18 year old first generation student from the Dominican Republic who currently lives in New York City. When she first came to Money Hub, she didn’t know anything about finances or how to manage a budget, which deeply worried her, as she was about to head off to college. 

Through using our Money Hub platform training, Carol was able to transform herself financially and learned things about financial empowerment that she never had the opportunity to learn in high school or from her parents. 

With the learning from MoneyHub, Carol was able to create and manage a budget for herself. She saved over $2,000 in the last year. She got her first credit card, built up her credit score and has even started saving for graduate school. She is living the financial future of her dreams - a future her parents could only dream about.

https://www.youtube.com/watch?v=Bry3ieUc290&t=13s

This year we have a dream to reach 1 million black and brown students just like Carol. 

Will you help us?

We need to raise $35,000 to finish and launch our digital platform, and launch it nationwide to reach high school students throughout the country, just like Carol. We will be teaching them critical financial skills that they otherwise don’t have access to, breaking the cycle of debt that plagues many first generation households in this country. With Money Hub, we help students build out a roadmap to the financial future of their dreams.

Here’s a breakdown of where your funds will go:

$100 can reach 10 students on our app

$250 can reach 25 students on our app

$500 can support a workshop for 30 students

$1000 can sponsor 2 workshops for 100 students 

Let’s break the cycle of debt and provide financial literacy to all, RIGHT NOW!

Who are our partners? We are working with some of the most at risk youth in all of New York City, in Marcy Projects and at the Boys and Girls Club of Queens, Brotherhood Sister Sol in Harlem and Trio at Brooklyn College. Our newest partners include Brooklyn Capital Collective, the Knowledge House, Marcy Scholarship Fund and other DOE schools.

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“Growing up as a low income immigrant in NYC and going through the public school system, he felt and understood that it was lacking in preparing young people to thrive financially as adults. He wanted to be part of the solution to this problem so he dedicated his life to working closely with disadvantaged teens throughout the city and then building curriculum and tech for them to thrive as adults.” -Mohammed Faisal 

“Our results suggest that financial education programs, increasingly promoted by policymakers, do have significant impacts on the financial decision-making of youth, but their impacts may depend on the content of the programs.” -NY Fed study on financial education for young adults

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr634.pdf

Our content has been developed through in person work directly with the teens we serve since 2016. In doing so we’ve developed a holistic financial literacy curriculum centered around the hopes and dreams of the individual and in helping them create a road map to reaching that life while meeting financial milestones along the way. 

With inflation on the rise, those that truly pay the cost of it are low income New Yorkers and it is incumbent on us to be able to help teens be prepared and properly educated so as to not let their hopes and dreams die in the face of Covid-19 aftermath and inflation.

 https://www.youtube.com/watch?v=Viucb718Gx4

Please contact our Founder and CEO Mohammed Faisal with any questions and comments Faisal@moneyhubnyc.org 

moneyhubnyc.org

STUDENT TESTIMONIALS:

“My high school never offered classes on financial literacy so Money Hub was the only thing that prepared me financially for college.”

I learned about budgeting for college expenses so I could be smart about how I would use my money as a student. 

I learned the difference between needs and wants. These are skills we actually need for the world outside of school and after high school and college.

I learned a lot and had a lot of fun in the process.”