Loretta Gray

SFEPD Student Ambassador
Morgan State University
Hometown: Baltimore, Maryland

Growing up, what kind of relationship did you have with money?

I was a spender. Every time I got money I never saved it and would usually spend it right away.

What was it like to serve as an SFEPD Student Ambassador teaching your peers about personal finance, and what did you learn about yourself from this experience?

It is a great experience getting to teach my peers about finances and help people learn how to take care of their money. It is great to be able to teach people how to control their money. I enjoyed teaching about credit and how important it can be for your life.

What are the major benefits of students learning personal finance skills through seminars and classes during their college years?

I think it is good to learn these things in college so that when you get into the working world and your career after college you will be equipped to take care of your money.

When should students start learning basic concepts about personal finance (in elementary, middle school, high school, or college) and why?

In elementary school because this is usually when you first start getting money for things like birthdays so it is a good time to learn what you should do with your money.

If you could share one financial tip with college students, what would it be?

I think it would be to start growing your credit and try to get and maintain a great credit score.

As a result of your Student Ambassador experience, what key lessons did you learn to help you manage your money better and is planning for your financial future an important goal after college?

I have learned about credit and what helps grow your credit and what makes you have a lower credit score. I have also learned more about saving. I definitely plan to plan for my financial future and have already begun to.

How did serving as a Student Ambassador help you prepare for your future and your career goals?

My goal is to open my own business producing fabric. SFEPD has helped me learn how to take care of my money so I will be prepared to take care of the finances of my own business.