Smart Money Habits

At M&F Bank, we are passionate about our mission to provide financial literacy to our community. By sharing our Smart Money Habits, we hope to create strong individuals, families, and businesses in North Carolina and beyond. Achieving your dreams starts with a solid understanding of personal finance. We have developed valuable programs that add value to the lives of real people like you. We hope this knowledge empowers you to make informed decisions and grow your prosperity.

What is Financial Literacy?

As the cornerstone of your overall success, we need to talk more about financial literacy – no matter your stage in life. States with record numbers of adults declaring bankruptcy also have high numbers of 12th graders who are financially illiterate. Countless people are entering adulthood, not knowing how to manage their money. According to the Financial Planning Association (FPA), less than 50 percent of Americans have a financial plan. These statistics make it easy to see why everyone seems worried about money.

Financial literacy is crucial to becoming independent and achieving financial freedom. It encompasses a range of essential skills, like managing your money, budgeting, and investing. These tools equip you to make intelligent decisions about your money now to prepare for the future. Whether you’ve just gotten your first job, want to start a small business, or are planning for retirement, being smart with money is vital – and we’re here to help.

Being Smart About Money

In a perfect world, we would all learn to be smart with money as children. We would know how crucial it is to save, make wise purchases, and plan for our future. Unfortunately, schools don’t often teach these skills, and many of us have to learn independently. We want to change this by providing a comprehensive financial literacy program to help you navigate your finances.

With Smart Money Habits, we will explore topics such as:

• Identity protection: Learn how to safeguard your financial information and personal data from potential threats, ensuring your economic well-being isn’t interrupted.
• Developing a business plan: For aspiring entrepreneurs, our program offers insights into how to take your small business dreams and turn them into a thriving reality.
• Considering homeownership: Discover the steps and responsibilities involved in buying a home so you can make an informed decision about one of life’s most significant investments.
• Building emergency savings: Unexpected events can impact your financial stability. Learn how to create an emergency fund to secure your future, no matter what happens throughout life.

Making Smart Money Moves: A Ripple Effect

Financial literacy goes beyond individual benefits. Knowing how to make smart money moves can benefit your children, friends, and co-workers. It can transform entire communities. As more people become knowledgeable about personal financial management, they are more likely to increase savings, purchase homes, and improve their overall financial health and well-being.

At M&F Bank, we are committed to fostering financial stability for individuals, families, and businesses. We seek to continue creating a positive local impact with our programs. By informing people how to manage their money, we hope to improve their futures. Ultimately, we aim to close the wealth gap, one person at a time.

Providing counseling, capital, and credit

As a community bank, we take pride in being readily available to provide the knowledge and resources you need to succeed. Our mission is to support your dreams and aspirations by offering a wealth of solutions. Not only do we offer personalized financial counseling with Smart Money Habits, but we can also provide you with the capital and credit you need to put your decisions into action.

At M&F Bank, we’re not just a faceless institution. We are an integral part of your community, dedicated to adding value to the lives of our customers through financial literacy. We are here to help on your journey toward economic well-being. You can always rely on us, no matter your financial needs or questions. Your success, after all, is our success.