This week’s featured Actions
In advance of this September’s launch, here are some sample solutions
from the business, faith, health care, government, and civic sectors.
Stay tuned for more actions and more sectors in the coming weeks!
Fund organizations focused on financial empowerment
Work in cross-sector partnerships with those dedicated to financial empowerment for individuals living below 50% AMI.
Volunteer with financial literacy programs
Partner with existing providers to share your experiences.
Increase awareness of federal tax credits for families near or below poverty
Develop communication strategies to inform those you serve of available resources such as the Earned Income Tax Credit (EITC), the Child Tax Credit (CTC), education tax credits, and more.
Develop culturally-sensitive, holistic financial planning programs
Encourage your clients to pursue savings and wealth-building strategies that take advantage of your programming and resources in the community.
Create youth-focused financial planning programs
Develop curriculum that can support financial education offered by other sectors, with an emphasis on putting knowledge into practice (e.g., student checking accounts).
Advocate for financial inclusion
Learn about barriers to financial inclusion and advocate for change to policies and regulations.
Support local social enterprises
Consume products from businesses that focus on helping individuals living below 50% AMI.
Share your financial expertise
Use your knowledge and skills to help individuals establish financial security.
Provide financial education and tools for your employees
Support your employees by offering financial education workshops and providing wealth building information.
Offer financial literacy and benefits counseling
Implement a counseling program to support individuals living below 50% AMI as health care costs increase their financial vulnerability.
Provide financial education and tools for employees
Support all of your employees by offering financial education workshops and providing wealth building information.
Host free tax preparation events for employees
Offer free tax preparation services to help your employees take advantage of tax credits and save on filing costs.
Establish emergency funds for congregants or community members
Establish funds to support individuals and families in your community facing unexpected financial emergencies or the loss of benefits prior to achieving economic independence.
Host free tax preparation events for individuals earning less than the median income
Support community members by offering free tax preparation services that help people take advantage of tax credits and save on filing costs.
Teach financial literacy classes to elementary school students
Utilize a multifaceted approach to provide students living below 50% AMI with a strong financial planning foundation.
Offer applied financial education for your students
Teach financial management with an emphasis on putting knowledge into practice (e.g., student checking accounts).
Host free tax preparation events
Identify members who can participate in free annual tax preparation events to support individuals and families.
Establish emergency funds
Establish funds to support individuals and families in your community facing unexpected financial emergencies.
Partner with local schools to offer financial education
Help students open accounts at local institutions or develop financial management skills.