#FinancialEmpowerment: Celebrating Financial Capability Month

This post was contributed by Kira Zylstra, Solid Ground’s Stabilization Services Director.

Solid Ground participated in CFED's (Corporation for Enterprise Development) Financial Capability Month.

Throughout the month of April, Solid Ground participated in the Corporation for Enterprise Development’s Financial Capability Month.

When Solid Ground’s April 7 blog post, Community Conversations, challenged me to #thinkpoverty and #talkpoverty in order to #endpoverty, I took this as a challenge to #thinkopportunity and #talkequity as well. Today, April 30, marks the last day of National Financial Capability Month.

In order to work towards achieving equity and opportunity for all, Solid Ground has set the goal of adopting the principles of financial empowerment across all of our programs and services. We recognize that Financial Literacy and Asset Building are critical components to our mission of ending poverty.

To celebrate Financial Capability Month, here are a few highlights of Financial Empowerment activities at Solid Ground from the month of April:

  • The Financial Fitness Boot Camp team hosted creative discussions with staff to recognize and celebrate the many ways we all incorporate financial literacy into our work.
  • Connected many community members to United Way Tax Preparation sites
  • Held several community workshops focused on nutrition and tenant’s rights which all included education on the importance of budgets and money management.

Solid Ground has had the opportunity to work closely with the Corporation for Enterprise Development (CFED), which has been sharing weekly updates, resources, and tools on Financial Empowerment to celebrate Financial Capability Month. Check out their latest here: Integrating Financial Capability.

We want to hear from you! Where do you see #FinancialEmpowerment in action in our community? Comment below or via Solid Ground’s Facebook and Twitter feeds!

Advertisements

Integrating financial empowerment

Dollar bills with whistleWe are thrilled to announce that the Corporation for Enterprise Development (CFED) – with funding from Bank of America Charitable Foundation – has invited Solid Ground to participate in a new financial empowerment Intensive Learning Cluster! The 18-month program launched in January 2014 in Washington D.C. Judy Poston, the current project coordinator and Solid Ground’s Financial Fitness Boot Camp Coordinator, and Joy Scott, Supportive Services Manager, attended.

Last March, Solid Ground completed a six-month Intensive Learning Cluster with CFED. The original goal of the first Learning Cluster was the implementation of a financial empowerment plan.

However, the project leadership team – including Kira Zylstra, Stabilization Services Director and project point person at the time, and Judy Poston – soon realized that one standard model would not apply across the entire range of programs and services offered by Solid Ground.

The Learning Cluster became an opportunity to develop a model of financial empowerment that can be integrated into all aspects of our work. “We held focus groups,” Kira explains, “assessed where we were at, what staff was interested in, what they were doing, and what they wanted to do more of; we needed to know how we wanted to move forward. It’s always challenging to bring a service to scale at that level – to bring it across the organization – when that can mean so many things for the different programs with different services and needs.”

Kira and Judy were able to create a framework that included four key opportunity areas and action steps. These areas will be the focus of the new Learning Cluster this year.

The first area focuses on enhancing staff skills to build knowledge of and confidence in personal finances so all staff – from administrative to frontline – can better serve the community. A toolkit of resources and a refined referral system of financial services will act as guidelines for the integration of the financial empowerment plan. The final area will focus on program metrics to track progress and assess the needs of the community.

Kira explains that it is important for Solid Ground to incorporate financial empowerment because “it does carry throughout the work that we do to truly overcome poverty. Within the communities that we serve through our programs at Solid Ground, and even the different programs offering different services, there’s always the component of stability, independence, and financial security.

“We want to help folks work with the resources they have and build upon family strengths. We want to meet basic needs, but beyond that we want to talk about income and asset development – so they’re not only making ends meet, but feel confident and are able to thrive financially and move forward in other areas.”

And all of this, Judy sums up, “can help to end the cycle of generational poverty.”

%d bloggers like this: