Latinos offered free financial literacy classes

Dec 22 2010 - 12:00am

SOUTH SALT LAKE -- For several years, the Utah Association of Certified Public Accountants has offered financial literacy courses to help people set financial goals, make savings plans and learn about debt reduction and credit management.

Starting Jan. 6, it will offer the same classes specifically to Utah's Latino residents.

Instructor Tory Norman said the six-week course is called "The Money Game." To teach financial literacy, the free course makes strong parallels between sports and games and money.

"We can't win unless we know the rules of the game," he said.

Knowing those rules can help people set financial goals and make budgets, something that a lot of people begin but do not follow through on.

"We start the year really gung-ho," Norman said, "then it falls apart."

Just by signing up for a course such as this, people show they are committed to fixing their finances and keeping up with the work.

"When you are doing it with other people," Norman said, "you commit yourself more -- you have a higher success rate."

Norman, who has taught Latinos in Provo how to make business plans and has helped the CPA association develop materials and a webinar for Latinos, helped tailor the class to Latino culture.

Instead of American football, there might be more references to soccer, but the end result should be the same.

"The parallels will carry through no matter what sport you use," He said.

Every class builds strongly on the others.

"Almost every class, we will be assigning some sort of homework," Norman said. "If they miss a class, it will be very difficult to catch up and move on."

The class will be held at the association's office at 220 E. Morris Ave., No. 320, South Salt Lake, until Thursday, Feb. 10.

Each participant will receive a free workbook to take home and use in future classes.

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