Maggie Walker was there to teach African American how to save money and how to invest their money wise for the future. DiNitto, D. M., & McNeece, C. A. (2008) mention that “her concern was to teach African American families to save and invest their money to better their futures” (p. 7). At this time, African American did not have a bank that they could go deposit their money at; neither did they know anything about saving money. This was due to the fact that nobody took the time to educate them about it, so all they did was spent their money as soon as they got it and not saving, and when emergency happen, they were out of luck because they had already spent all they had. Maggie Walker came in and decided to change thing. She knew how much saving money was and she decided to open a bank where she could educate African American about saving and investing. Saving money is very important especially for an emergency and for a rainy
Maggie Walker was there to teach African American how to save money and how to invest their money wise for the future. DiNitto, D. M., & McNeece, C. A. (2008) mention that “her concern was to teach African American families to save and invest their money to better their futures” (p. 7). At this time, African American did not have a bank that they could go deposit their money at; neither did they know anything about saving money. This was due to the fact that nobody took the time to educate them about it, so all they did was spent their money as soon as they got it and not saving, and when emergency happen, they were out of luck because they had already spent all they had. Maggie Walker came in and decided to change thing. She knew how much saving money was and she decided to open a bank where she could educate African American about saving and investing. Saving money is very important especially for an emergency and for a rainy