Marin Family Action
By using excellent materials and having prizes for participants, these workshops are fun, as well as helping people plan for their futures.
The National Foundation for Credit Counseling reports 41 percent of U.S. adults, or more than 92 million people living in America, gave themselves a grade of C, D, or F on their knowledge of personal finance (April 2009).
Our Marin County program is led by long-time trainer Sarah Brown.
Program Questions: Steps2Stability@MarinFamilyAction.org
The U.S. Department of the Treasury Financial Literacy and Education Commission is dedicated to teaching all Americans the basics about financial education. Whether you are planning to buy a home, balance your checkbook, review your credit reports, or investing in your 401k, the resources on MyMoney.gov can help you do it better.
Throughout the site, you will find important information from federal agencies that can help with all aspects of your personal or business finances.
MyMoney.gov is a product of the Congressionally chartered Federal Financial Literacy and Education Commission, which is made up of more than 20 Federal entities that are coordinating and collaborating to strengthen financial capability and increase access to financial services for all Americans. The Commission was established by the Financial Literacy and Education Improvement Act, Title V of the Fair and Accurate Credit Transactions Act of 2003 (P.L. 108-159). The Secretary of the Treasury chairs the Commission, and the Director of the Consumer Financial Protection Bureau is the vice-chair.
41 percent of U.S. adults, or more than 92 million people living in America, gave themselves a grade of C, D, or F on their knowledge of personal finance.
Community-based organizations such as Marin Family Action hold workshops throughout the year, with assistance from Center for Neighborhood Enterprise and HSBC. Topics covered in the workshops include Banking, Credit History, Homeownership, Identity Theft, Managing Your Money, Managing Your Mortgage, Using Credit, and Borrowing Basics.
Clients in The Financial Self-Help Program review their financial goals and develop plans, i.e.:
- Establish a personal financial budget with income/outgo
- Warning signs of too much debt; credit history
- Negotiate with creditors to lower balances and/or interest payments
- Make restitution with Banks and other lending groups to secure checking and savings accounts
- Review predatory lending practices: Buyer Beware!
- Legal recourse for buyers
- Establish a 3-5 year plan to reach/maintain financial stability and attain goals; include means of increasing income
- Home Ownership
Following are excerpts from results.
Through Marin Family Action's program, 252 more consumers were reached than originally planned for California (and Florida and Nevada).
During the program's early years, one-on-one foreclosure assistance was provided to consumers. The work and result helped save dozens of homes when foreclosures were at the highest rates nationally.
- 3,681 were age 26-55
- 1,271 were seniors, age 56 and above