Develop culturally-sensitive, holistic financial planning programs
There are more than seven million unbanked households in the United States. There is a scarcity of resources in many low-income communities as well as a history between individuals and financial institutions that has inhibited individuals from creating generational wealth.
Developing classes on topics such as savings, credit, budgeting, college savings, home ownership, investing, and retirement can help individuals take charge of their financial well-being.
To get started:
Reach out to existing programs to identify where you can refer clients and where you need to develop programming.
Assess the gaps in resources and financial education for families you serve.
Design a curriculum that will include individual and group classes.
Best Practices / Innovative Programs
Operation HOPE's mission is to expand economic opportunity, making free enterprise work for everyone. They equip young people and adults with the financial tools and education to secure a better future—coaching them through their personal aspirations and life’s challenges, and facilitating their journey to financial independence.
CommunityWorks is a nonprofit financial organization located in Greenville, South Carolina, committed to building a brighter future for underserved families and communities through financial education, lending, and investing.
Ladder Up in Chicago, Illinois, works to help people move up the economic ladder by offering free tax preparation, legal counsel, and college financial assistance, alongside financial literacy training addressing banking and saving, credit, budgeting, consumer responsibility, and income tax.
