Get Financially Fit in 2015

January 5, 2015

 

Louisville Metro Government promotes free financial education opportunities

 

Free help is available for citizens pledging to save more money or get out of debt in the New Year. Louisville Metro Government's Financial Empowerment/economic Development team is dedicated to helping improve the financial stability of households by making quality financial education and empowerment services more accessible.

 

Known as “FEeD” and part of the Department of Community Services, the Financial Empowerment/economic Development team works with numerous community partners to offer a variety of free workshops, classes and resources across Jefferson County. Since 2011, there have been over 10,000 Louisvillians who have participated in financial education classes and more than 16,000 formerly unbanked individuals who have opened new bank accounts.

 

The FEed team is holding a Financial Fitness Resource Fair on Jan.8 and 9 from 7 a.m. – 1 p.m. at the Urban Government Center at 810 Barret Ave. to share materials for 2015 financial education opportunities including:

 

One-on-one financial and legal counseling

The Financial Empowerment Services Center, a partnership between FEeD and four local non-profits, provides free, professional financial and legal counseling. Call 502/574-5191 to make an appointment for one of the services offered below at the Urban Government Center:

 

  • Develop budgeting and spending plans
  • Credit counseling
  • Foreclosure and bankruptcy guidance
  • Basic guidance on legal issues
  • Free tax preparation during tax season
  • Finding a health plan through Kentucky’s Affordable Care Act marketplace

 

Workshops for second-chance bank accounts

Start Fresh! is a two-hour workshop created by Bank On Louisville geared specifically towards those in the community looking for a second-chance bank account and a way back into the banking system. Call 502/574-5156 to sign up for one of the upcoming classes offered in January and February: 

 

  • Jan. 15, 10 a.m. – 12 p.m. at the Urban Government Center, 810 Barret Ave.
  • Jan. 15, 5:30 – 7:30 p.m. at the Louisville Urban League, 1535 W. Broadway
  • Feb. 12, 10 a.m. – 12 p.m. at Bridges of Hope Neighborhood Place, 1411 Algonquin Pkwy.
  • Feb. 19, 10 a.m. – 12 p.m. at Urban Government Center, 810 Barret Ave.

 

Free mobile app to locate banks and credit unions:

The Bank On Louisville mobile app provides users with guides to financial education and to banks and credit unions near them. It also has a “Next Step” tool that allows users to input what qualities they want or need in a checking account, and see institutions that have products that match those qualities. Visit the app on your mobile browser at grow.bankonlouisville.org.

 

 

Six-week financial literacy workshop

Finance 4 U is a six-week workshop covering SMART goals (Specific, Measurable, Attainable, Realistic and Timely) as well as providing tools for creating a spending diary, savings, couponing and more.  Call 502/574-7301 to participate in the next Finance 4 U series being offered Jan. 21 through Mar. 4 at the Urban Government Center. Click here for a flyer and application or call 502/574-7301.

 

 

Microbusiness development

The FEeD team also offers a microbusiness program to help low and moderate income businesses – those employing five or fewer employees, including the owner – with starting and growing small businesses. Services include training and technical assistance as well as opportunities to apply for a microbusiness loans. Visit our website for more information, application forms, and schedules of upcoming trainings at

http://louisvilleky.gov/government/community-services/microbusiness-program or call 502/574-5168 or 502/574-5866 for more information.

 

Credit-building workshop

Credit As An Asset is a workshop for people who want to gain new information and tools to build or rebuild a good credit history. This workshop will help you think about your relationship with credit, why credit is so important and plan how you will make financial products work for you. Visit www.bankonlouisville.com for a list of upcoming dates to be announced soon.

 

 “Like physical fitness, financial fitness is an important part of an individual’s health and quality of life,” said Tina Lentz, Executive Administrator of Community Services’ Advocacy and Empowerment division. “With the programs and services provided by FEeD, we are empowering families to take control of their finances, be better prepared for emergencies and plan for their own financial future.”

 Visit Bank On Louisville’s website at www.bankonlouisville.com for a calendar of local financial empowerment opportunities, classes, etc. at other agencies around Louisville including libraries and Neighborhood Place sites.

 

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