Community Organizations and Local Officials
Diverse organizations – community development, social services, and housing authorities – fulfill a wide variety of needs within communities all across America. Service to local communities should include empowering citizens to better manage their money and avoid financial exploitation.
Financial Education for Life (FEFL) workshops provide knowledge and tools for budgeting, wise use of credit and control of debt, and prevention of financial exploitation. Community organizations can help improve the financial literacy of the families they serve through sponsorship of FEFL financial education workshops.
Libraries are one of the oldest and most trusted institutions in our communities. Due to the transfer of information resources and government-related services to the Internet, persons who historically did not visit the library – unemployed, immigrants, low-income workers – are patronizing the library. Many of these individuals comprise the populations most in need of financial education programs.
Ongoing research is exploring the role libraries and librarians can undertake in improving the financial literacy and capability of patrons. In the interim, some libraries have already begun partnerships with financial education providers while others have secured funding to train their staff to conduct financial education programs.
Sponsorship of FEFL workshops for library patrons, especially the unbanked and underserved, can supplement the irreplaceable service local libraries deliver to their communities every day their doors are open.
Many large banks have established foundations to fund research and grants for financial literacy initiatives.
Credit unions, community banks and community development institutions should contribute to the financial capability of citizens in the neighborhoods in which they are located. Financial Education for Life can serve as the conduit through which these institutions participate in regulatory initiatives to serve local communities, especially the unbanked and underserved.
Research reveals that many workers are distressed over their personal finances and preoccupied while at work with their financial problems. Consequently, productivity in the workplace is adversely impacted.
Workplace financial education programs can increase workers’ financial capability, which will reduce stress and improve the company’s bottom line. FEFL workshops deliver financial education pertaining to money management and retirement planning. For some employers the live workshops will supplement online resources offered by the employer.
Use the form on the right to contact us today if you would like to become a Financial Education for Life workshop sponsor or call (240) 292-4990.