Financial Literacy Taught In Prison

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02 Sep

Donna Taylor Blog 0 0

A recent article in Money Wise revealed a prison inmate learned about financial literacy and is also teaching fellow inmates how to manage money. What is so admirable about this is that when this young man was incarcerated he could not read or spell. Inspired by an older inmate to learn about the stock market, he teaches others and incorporates his life lessons. First, avoid emotional spending. Second, avoid overspending on material items. Third, you can make money in the stock market. The prison system has a work program that pays an inmate less than one dollar a day. Years after incarceration, nothing is saved or set aside and $200 may be given to begin life on the outside. As a juvenile, Mr. Carroll will be paroled soon and has the skills to succeed and help other inmates as well.

https://moneywise.com/a/overcoming-financial-illiteracy-the-curtis-carroll-way

About the Author

Written by Donna Taylor

Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.