Profile of Success: Family Financial Center
Financial Confidence Starts with a Plan
Ms. Rosa came to the Family Financial Center interested in learning how to budget her money to improve her financial situation. She wanted to participate in the matched savings account program so she could pay for some much needed home improvements.
She came prepared with all necessary forms and documents, revealing that her home had gone into foreclosure a year before. After successfully being able to save her home, she needed help to learn how to budget her money.
Ms. Rosa, with help from her financial empowerment coach, developed a plan to track her spending for one month. She was faithful in tracking her expenses. At the end of the month she and her coach identified anything that was over budget and made a plan to reduce her spending. Together they developed a realistic budget.
In order for her to be successful in achieving her goal she met with her financial empowerment coach every two weeks on the same day she received her paycheck. Together they reviewed which bills to pay and how much money she should budget for groceries.
After a few months working with the program, Ms. Rosa is actively learning how to manage her money while sticking to a budget. She is saving money for her home improvements, proud of her accomplishments and gaining confidence.
The mission of the United Way of Central and Northeastern Connecticut is to engage people to improve lives and change community conditions. United Way’s Women's Leadership Council supports that mission through contributions to Family Financial Centers located at two Hartford community schools - John C. Clark, Jr. Elementary and Alfred E. Burr Elementary. The centers are an innovative approach to family financial stability and offer services which include credit, banking and budget workshops, one-on-one coaching to achieve financial goals and tools to help families save. Bilingual English-Spanish services are available.