TORONTO – (COMMERCIAL LINE) – A couple of entrepreneurs who grew up in two of Toronto’s marginalized areas are paying the favor of their communities by expanding Controls on strikes – a financial literacy program and platform aimed at teaching the basics of finance to adults and young people living in the most marginalized neighborhoods of the city.
Founded by entrepreneurs, Craig Brown and Dean Chambers, Controls on strikes combines online and in-person learning with mentoring opportunities from local businesses to analyze the fundamentals of everything from credit and savings to investment and financial planning.
The comprehensive online program aims to educate youth and young adults on a number of financial “must knows” including how to manage credit card debt, mortgage approval and wealth creation. Checks Over Strikes’ unique approach is to speak to its communities with your own voice, leveraging its popular social media accounts is podcast to deliver fun and hands-on financial lessons that reach and resonate with a younger audience.
Checks Over Strikes draws on Dean and Craig’s experience as young adults who grew up in the Toronto neighborhoods of Jane and Finch and Trethewey / Lawrence Heights respectively, where friends and family have fallen into the trap of quick expenses, same-day loans, bad debt and a huge debt. Their decision to educate themselves in business is how they achieved their goal of becoming successful and financially stable entrepreneurs.
“One of the biggest problems in our community is the self-sabotage around money. So many people are spending recklessly without any planning for the future, “says Brown.” Finance is intimidating and doesn’t always register with young people. We need to connect with our community so they can learn to invest in themselves. More we educate ourselves about finance, the more likely our communities are to thrive ”.
“Growing up as a young black man in Jane and Finch, there wasn’t much talk of finance. I wish someone would sit me down and address the credit risk and the foundation for making your money work for you, “says Chambers.” Our community has been the hardest hit by COVID-19 and we want to make sure our young people are fully prepared for the new economic realities that await us “.
To increase program accessibility and community success, Checks Over Strikes offers free access to its core courses throughout the summer.
Checks Over Strikes is an extension of the acclaimed book by Brown and Chambers, Don’t be a waste Yute: the guide to financial literacy. The goal is to minimize young adults from being labeled as “wasteful yutes” (a young person who has failed to use their time wisely) through financial literacy. Thousands of copies of the book have been sold and distributed across Canada.