Financial Foundations

F

inancial Foundations staff work with customers to gain the resources and confidence needed to set and achieve short-and long-term goals. Monthly workshops are offered to help individuals improve their financial situation.

Financial Foundations1

Asset Development

Asset Development is important to long-term financial stability and financial growth. The Center provides various tools for individuals and families to build assets such as post-secondary education, home ownership, or starting a business.

  • Financial Coaching and Education: Individuals meet with staff to evaluate personal finances, create a budget, and develop their financial goals.  Financial coaches assist and encourage customers as they reach their short and long-term goals including increased credit scores as well as net   income and net worth. The Center offers on-going financial workshops to customers to help grow their financial capacity.
  • Individual Development Accounts (IDA):  Matched savings accounts that assist individuals with a modest income to save towards the purchase of a  life-long asset.  Through an IDA, every dollar saved individuals earn $3 in return and can be used towards home ownership, furthering personal education, or to expand a small business.
  • Save-Earn-Learn Free: Indy’s Campaign for Financial Fitness is designed to encourage individuals to save money, build assets, and educate in an effort to avoid high interest refund anticipation loans. Residents of Marion County not only “Save” their money by receiving free tax preparation, but individuals “Earn” 100 percent for their refund as they “Learn” about asset building.

Direct Assistance

Direct Assistance is offered at the Center to meet the immediate needs of customers through direct financial assistance for rental and utility needs. In addition, the Center provides additional dollars to remove non-traditional barriers such as license renewal or court costs.

  • Energy Assistance programs are provided to help individuals and families with high costs of home energy. Income-eligible families are provided a one-time benefit paid to the utility company to offset the high cost of winter/summer utility bills. The energy assistance benefit amount is based upon household size, household income, type of dwelling, housing status, at-risk factors, and fuel sources.
  • Work and Income Support Services are available to those who experience financial difficulties. Individuals work with an income support specialist to learn ways to access resources and services that address food, shelter, health care, childcare, and other needs. Center staff work one-on-one with individuals and families to provide direct assistance and referrals.

Personal and Professional Development

opportunities are available to individuals as they work with Center staff to evaluate their current environment, personal resources, and build plans to achieve their individual and family goals.

  • GED Support is given to individuals by providing tools for change and growth for an improved quality of life. By enrolling into the GED program, individuals are one step closer to achieving their goal. Support services are offered during and after completing the six-week course.
  • Career and Employment Assistance is also available to customers. Employment coaches work individually to help identify career and employment opportunities. Various levels of training are offered and individuals receive assistance to find and maintain employment. In addition to one-on-one support, guidance is also offered in a group settings through Job Club; a series of workshops as individuals work with Center staff to explore job opportunities.